Czech state and ČEZ to sign SMR deal

The Czech government and energy group ČEZ are set to sign a memorandum on cooperation in developing small modular reactors (SMRs), Industry and Trade Minister Karel Havlíček (ANO) said after a cabinet meeting. He described the move as a step toward strengthening the country’s energy security. SMRs are being developed by Rolls-Royce SMR, partly owned by ČEZ.

Czechs invest billions in new long-term savings product

Some 244,000 people in Czechia have invested in the long-term investment product (DIP) since its launch, according to the Czech Capital Market Association. The scheme is designed to help individuals save for retirement. By the end of March, total investments in DIP reached 9.5 billion crowns, with the vast majority placed in investment funds.