Czechia to hold parliamentary elections and sign Dukovany nuclear deal in 2025

Key events in the Czech Republic this year include parliamentary elections and the signing of a contract to build two new reactors at the Dukovany nuclear plant. General elections are due to be held by October 3-4, with President Petr Pavel expected to announce the exact date by the summer.

In the spring, the ČEZ energy company is set to sign a deal with South Korea’s KHNP on the construction of two nuclear reactors, pending antitrust clearance. The project is estimated at 400 billion CZK. The first reactor should be completed by 2036.

The monthly minimum wage will rise by CZK 1 900 to CZK 20 800 as of January 1, 2025. Old-age pensions will rise by an average of CZK 358. The average monthly old age pension will now be CZK 21,080.

The state budget deficit in 2025 is projected at 241 billion CZK.