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09/03/2024
The Parliamentary Mandate and Immunity Committee will today continue its disciplinary proceedings against Tomio Okamura, leader of the Freedom and Direct Democracy Party, for his remarks made in Parliament about Deputy Speaker Jan Bartošek (Christian Democrats). Bartošek filed a complaint after Okamura likened him to "a modern-day Hitler" during a debate on postal voting. Committee Chair Helena Válková (ANO Party) has stated that the proceedings may not necessarily lead to a penalty, but potential sanctions could include a fine or a formal apology. Both Okamura and Bartošek have been summoned to today's session.
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09/02/2024
The Prague Stock Exchange began the week on a positive note, with the PX index rising by 0.78% to 1606.96 points, its first time above 1600 points in a month. Bank stocks, particularly Moneta Money Bank, led the gains, with Moneta closing just below its historical high. Trading activity was low overall. CEZ shares were the most traded, increasing slightly by 0.06%. The Czech koruna weakened slightly against both the euro and the dollar, trading at 25.04 CZK/EUR and 22.62 CZK/USD by the end of the day.
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09/02/2024
The Czech state budget deficit decreased to less than 176 billion CZK by the end of August, down from 192.3 billion CZK in July, according to the Ministry of Finance. This marks the best budget performance in five years, though it remains the fifth-highest deficit in the country’s history. The improvement is attributed to higher tax revenues and stagnant overall spending. Finance Minister Zbyněk Stanjura (Civic Democratic Party) expressed confidence that the government would meet the planned annual deficit of 252 billion CZK, provided responsible spending continues. Social benefits and debt servicing were the largest expenditure categories.
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09/02/2024
Prime Minister Petr Fiala (Civic Democratic Party) started the new school year by inaugurating a new science high school in Brno, specializing in chemistry. The school will eventually expand to accommodate 700 students across five classes per grade. Fiala highlighted the school's importance for the South Moravian region and the entire country, emphasizing the need to balance general and specialized education. The project, costing 300 million CZK, is funded by the regional government. The school is also linked with a technical high school to enhance practical education.
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09/02/2024
The Czech state budget deficit is projected to decrease steadily in the coming years, falling below 200 billion CZK by 2027, according to the Ministry of Finance's mid-term outlook. The deficit for 2024 is expected to be 230 billion CZK, down from the planned 252 billion CZK this year. By 2026, the deficit should reduce to 225 billion CZK, and further to 180 billion CZK by 2027. The ministry also anticipates a gradual decline in the public sector deficit relative to GDP, alongside a rise in public debt and increased debt servicing costs.
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09/02/2024
Partly to mostly clear, isolated showers or thunderstorms possible in the west and southwest. Temperatures reaching 30 to 34°C.
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09/02/2024
President Petr Pavel vetoed a bill that would have reduced the role of lay judges in court decisions, including criminal cases in district courts. He argued that such a significant change should have been preceded by a more thorough analysis and broader political debate. This is the first time the Czech President has used his veto since coming to office in 2023. The Ministry of Justice acknowledged the president's decision, stating it is his constitutional right. The government had proposed the change as a cost-saving measure, but Pavel emphasized the importance of lay judges in maintaining public trust and the democratic legitimacy of the judiciary.
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09/02/2024
The budget for the Office of the President of the Czech Republic is set to increase by over 60 million CZK to 488 million CZK for the next year, according to a proposal released by the Ministry of Finance. The budget, which includes increased spending on the Prague Castle and Lány Chateau, must be approved by the government by the end of September. The overall state budget for 2024 is planned with a deficit of 230 billion CZK, continuing efforts to reduce the deficit from previous years.
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09/02/2024
A 23-year-old man from Prague was sentenced to 250 hours of community service by the Prague 1 District Court for approving the deadly shooting at the Faculty of Arts, Charles University, reported Hospodářské noviny daily. Last December, a student killed 14 people at the university before taking his own life. The sentenced man, Metoděj Matys, made statements in a bar threatening to shoot colleagues and praised the shooter. The court also ordered him to undergo mandatory alcohol and drug treatment. This is the first conviction in connection with approving the university shooting.
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09/02/2024
Czech President Petr Pavel inaugurated the school year at Zdeněk Petřík Primary School in Kladno, where he handed out sashes to first graders. He encouraged the children to embrace learning, likening school to a castle full of doors leading to new discoveries. The school, known locally as "Stará Amálka," is named after a a nearby village of Lidice teacher killed by the Nazis. Meanwhile, First Lady Eva Pavlová launched a back-to-school campaign in Hanušovice, offering material support through her foundation and the FandiMat app. Last year, Pavel began the school year in the Karlovy Vary region.
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