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EU Urges Czech Delay on Controversial $18B Nuclear Deal

5/14/2025

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Summary

Story summary

The EU is pressing the Czech Republic to postpone its $18 billion nuclear deal with South Korea's KHNP, citing worries about foreign subsidies skewing competition. Meanwhile, a Czech court has halted the contract after French firm EDF raised concerns over the transparency of the tender process. The investigation is ongoing, leaving the future of the deal uncertain.

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Story summary

The EU is pressing the Czech Republic to postpone its $18 billion nuclear deal with South Korea's KHNP, citing worries about foreign subsidies skewing competition. Meanwhile, a Czech court has halted the contract after French firm EDF raised concerns over the transparency of the tender process. The investigation is ongoing, leaving the future of the deal uncertain.