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One of the world’s oldest writing and art supplies manufacturers says it has to raise prices to alleviate costs on raw materials Russia’s ban on the export of timber has forced Czech pencil manufacturer Koh-I-Noor Hardtmuth to seek new suppliers and raise prices, the company’s owner, Vlastislav Brzhiza, told newspaper Seznam Zpravy.

Agency sees ‘negative’ outlook for the economies of Italy, the Czech Republic and Slovakia Moody’s rating agency on Friday changed its outlook on the economies of Italy, the Czech Republic and Slovakia from ‘stable’ to ‘negative’, citing energy supply challenges and the countries’ dependence on Russian gas among the reasons for the downgrade.