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08/17/2023
Danuše Nerudová plans to stand in next year’s European Parliament elections for the Mayors party. The economist, who came third in elections to the Czech presidency earlier this year, announced her decision on Thursday.
Mrs. Nerudová said she wished to head the Mayors’ candidates list, a post which the grouping’s Jan Farský is also reported to be interested in.
She said she felt a responsibility toward those who had voted for her in the presidential elections and wished for change.
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08/17/2023
The cabinet has added three more names to the national sanctions list created on the basis of the Czech Magnitsky Act approved by Parliament last year. They are Russian businessman Boris Obnosov who produces weapons systems for Putin's regime and his daughter and son-in-law Olga and Rostislav Zorikov, who are profiting from the business. The family owns luxury real estate and cars in this country.
The Czech Foreign Ministry will also propose placing these three individuals on the EU sanctions list.
The Czech Magnitsky Act allows the government to impose sanctions on foreign entities violating human rights, supporting terrorism, or committing cybercrimes. The sanctions include asset-freezing and a ban on entering the country.
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08/17/2023
The Czech government is planning to tax the profits of large multinational companies that are based abroad but operate in this country. The proposed draft law on tax equalization was approved by the cabinet on Wednesday and Finance Minister Zbyněk Stanjura said he would like to see it approved in a fast-track procedure. The proceeds for the state budget could be up to CZK 6 billion if the current corporate tax rate of 19 percent remains unchanged. The opposition ANO party has said it will support the bill, but is against a fast-track procedure, saying it wants time to table proposed amendments to the bill.
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08/16/2023
A severe storm with torrential rain and hailstones flooded cellars, felled trees and disrupted traffic in Prague on Wednesday evening. Firefighters were called to around 80 emergencies around the capital. The premises of the State Opera House were badly flooded as was Prague’s main train station. Czech Railways and the Prague City Transport company both reported disruptions in traffic due to fallen trees and flooded roads. The storm also affected TV broadcasts when shortly after 6pm lightning struck the headquarters of public broadcaster Czech Television resulting in a brief outage of satellite transmission.
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08/16/2023
Thursday should be clear to partly cloudy with temperatures between 26 and 31 degrees Celsius.
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08/16/2023
Prime Minister Petr Fiala has signed the Czech-American Defense Cooperation Agreement, thus completing the document’s ratification. It was earlier signed by President Petr Pavel and approved by both chambers of Parliament.
The Defense Cooperation Agreement sets a legal framework for possible deployment of US troops on Czech territory, dealing with issues from jurisdiction over foreign troops to environmental issues or rules for operating vehicles.
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08/16/2023
One in five first-year secondary school students in Czechia are financially illiterate, according to a report from the Czech School Inspectorate. One in three demonstrated an excellent level of financial literacy. The students were questioned about everyday financial activities such as safe payment behaviour and household management. Although some schools have introduced financial literacy classes the main source of information regarding money is still the family.
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08/16/2023
After a year’s break, the state-owned company EGAP (Export Guarantee and Insurance Corporation) has once again started insuring the business interests of Czech companies in Ukraine. It has opened a special fund for this purpose and has already received about two dozen applications in three weeks. The companies interested are mainly agricultural equipment manufacturers and food producers. The state fund for companies doing business in Ukraine has 340 million crowns at its disposal. The applications received by the insurance company so far amount to 200 million.
The Export Guarantee and Insurance Corporation (EGAP) is a specialised state-owned credit insurance company focused on the insurance of territorial and non-marketable commercial risks connected with exports of goods, services and investments from the Czech Republic.
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08/16/2023
According to the news site Seznam, the director of the Institute of Clinical and Experimental Medicine (IKEM) in Prague, Michal Stiborek, made tens of millions of crowns in recent years by lending money at exorbitant interest rates and high contractual penalties. Seznam says that in at least one case, a court found that the interest on late payments was immorally high. Stiborek dismissed the claims as an attempt to discredit him and remove him from the hospital's management. Prime Minister Petr Fiala said he considers the findings serious and is calling for the matter to be clarified as soon as possible.
According to Seznam, the company Glenias House, of which Stiborek is the sole managing director and owner, lent money through Califica, to which it gradually sent at least 54 million crowns. Califica, controlled by Jaroslav Holan, who was convicted in an embezzlement case, subsequently lent money to individuals at an interest rate of 48 percent per year and with contractual penalties of 140,000 crowns per day.
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08/16/2023
Clean-up work is underway in the Karlovy Vary region where severe storms flooded streets, felled trees and even caused mudslides on Tuesday afternoon. Firefighters were called to 18 emergencies in the space of an hour. Moravská Street in the historical centre of Karlovy Vary, where torrential rain undermined cobblestones, will reportedly be closed for some time. According to preliminary estimates the damage caused will amount to tens of millions of crowns. A storm warning for the whole country remains in place on Wednesday.
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