Latest news with #KrystofChamonikolas
Bloomberg
04-04-2025
- Business
- Bloomberg
Czech Billionaire Expands His Weapons Company to Arm NATO
By and Andrea Dudik Save Hi, this is Krystof Chamonikolas and Andrea Dudik in Prague. Welcome to our weekly newsletter on what's shaping economics and investments from the Baltic Sea to the Balkans. You can subscribe here. One of the biggest investment themes of the year has been defense companies as Europe comes up with plans to spend billions of euros on new military hardware and rely less on an increasingly unpredictable US. And with that, Czech billionaire Michal Strnad wants to turn his Czechoslovak Group, or CSG, into one of the continent's most significant arms producers.
Bloomberg
07-02-2025
- Business
- Bloomberg
Central Banker Courts Controversy Over Bitcoin
By and Krystof Chamonikolas Save Hi, this is Peter Laca and Krystof Chamonikolas in Prague. Welcome to our weekly newsletter on what's shaping economics and investments from the Baltic Sea to the Balkans. You can subscribe here. Ales Michl is no stranger to a bit of controversy. Since becoming the Czech central bank governor two and a half years ago, he upended monetary policy in the middle of the worst inflation crisis for decades, chased profits in the stock market and expressed his desire to build a national 'gold treasure.'
Bloomberg
06-02-2025
- Business
- Bloomberg
Bitcoin Musings Draw Scrutiny Over Czech Central Bank Governor
By and Krystof Chamonikolas Save The Czech central bank governor's bid to invest a portion of the country's reserves into Bitcoin managed to draw more attention to the central European nation's monetary policy than any of his predecessors. The proposal last month by Ales Michl spurred instant buzz in a cryptocurrency community eager for validation. The reaction among decision makers was different. European Central Bank President Christine Lagarde diplomatically dismissed the idea.
