Wednesday, 21 November 2018


Czechs join other EU states rejecting U.N. migration pact

Reuters |
15 November 2018

The Czech Republic on Wednesday joined the growing ranks of European Union countries that reject a United Nations pact to regulate the treatment of migrants worldwide. "The Czech Republic has long favored the principle of separating legal and illegal migration," Deputy Prime Minister Richard Brabec told a news conference.

Czech PM: Geopolitics should be factor in new nuclear investment decision

Reuters |
15 November 2018

Czech Prime Minister Andrej Babiš said on Wednesday geopolitics should be a factor when the NATO and EU member country decides future nuclear power investments as the country mulls whether to build new reactors. Babiš' comments came after a meeting with U.S. Energy Secretary Rick Perry who urged nations in central Europe to have a diverse set of energy supplies and suppliers.

Czech gov't to vote next week on opting out of U.N. migration pact

Reuters |
8 November 2018

The Czech government will vote next week on a proposal to opt out of a United Nations migration pact, a spokesman for the Social Democrats (CSSD), a junior member of the ruling coalition, said on Wednesday.

PM says he dislikes U.N. migration pact, wants to pull out

Reuters |
2 November 2018

Prime Minister Andrej Babiš said on Thursday he wanted to pull the Czech Republic out of a United Nations migration agreement and would discuss this with his governing coalition partner. Babiš expressed his dislike of the pact a day after Austria said it would follow the United States and Hungary in backing out of the U.N. pact over concerns that it would blur the line between legal and illegal migration.

Central bank: Czech banks should boost capital by up to USD 6.1bn

Reuters |
1 November 2018

Czech banks will need to boost capital or eligible liabilities by 120 billion to 140 billion crowns ($5.3 billion-$6.1 billion) in the coming four years to meet new banking rules, the Czech National Bank said on Wednesday.

Czech PM sees Dukovany extension an option in nuclear plans

Reuters |
31 October 2018

The lifespan of Czech utility ČEZ's Dukovany nuclear power plant could be extended by 10 years at a cost of CZK 20 billion, a fraction of the price of a new unit, Prime Minister Andrej Babiš said on Tuesday.

Minister: Czechs may delay plan to boost nuclear power capacity

Reuters |
30 October 2018

The Czech government may delay its decision for state-controlled utility ČEZ to build new reactors at its two nuclear power plants, Industry Minister Marta Nováková was quoted as saying on Monday. "The decision about building nuclear units can't be done under pressure and we don't want to be put under pressure from suppliers or other entities," Novakova said in an interview published by Bloomberg.

Czechs celebrate centenary with largest military parade since communist era

Reuters |
29 October 2018

The Czech Republic marked 100 years since the creation of Czechoslovakia on Sunday with the biggest military parade in its post-communist history, highlighting a weekend of celebrations. More than 4,000 military personnel took part in the event, which saw tanks and artillery roll down Evropská Street, one of Prague's main boulevards that once bore the name of Vladimir Lenin, founder of the Communist regime in Russia.

Czech investor buys 49% in Le Monde's main shareholder

Reuters |
26 October 2018

Czech investor Daniel Křetínský's Czech Media Invest acquired a 49 percent stake in Le Nouveau Monde, the main shareholder of France's daily Le Monde, a spokesman for Křetínský said on Thursday. The spokesman declined to provide further details on the transaction.

Central bank's Nidetzky sees room for more rate rises

Reuters |
25 October 2018

The Czech central bank has room to further raise interest rates due to inflationary pressures and prolonged crown weakness, bank board member Tomas Nidetzky was quoted as saying on Wednesday. Nidetzky did not say in an interview with Bloomberg news agency how he would vote at the bank's next policy meeting on Nov. 1.

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