Czech Republic

More than six in ten Czech respondents recognise the need to adapt their lifestyle due to the effects of climate change, according to the annual Climate Survey commissioned by the European Investment Bank (EIB). Among the challenges facing their country, Czech respondents ranked environmental issues – including environmental degradation and climate change – third, after the rising cost of living and political instability. Many believe that investing in adaptation now will prevent higher costs in the future.

The European Investment Bank (EIB) is offering Y Soft Corporation, a multinational software and electronic hardware company based in the Czech Republic, financing of €30 million (757 million Czech korunas) to advance a range of office-management technologies including robotics and sensors.

The European Investment Bank (EIB) is lending CZK 7.61 billion Czech korunas (€300 million) to the Czech Republic’s national railway operator, České dráhy, to buy new train carriages and locomotives as well as upgrade existing ones. České dráhy will use the loan to purchase 180 passenger coaches and 20 electric locomotives. The company will also retrofit 219 existing coaches and locomotives with modern technology known as the European Rail Traffic Management System (ERTMS). The improvements, due to be completed by the end of 2028, will benefit Czech cohesion regions and cross-border connections.