July 22, 2022 08:08 GMT
- Yesterday, Czech VP Bartos urges government to increase some taxes to curb budget deficit, which is expected to exceed 300bn CZK this year.
- According to BBG, Bartos proposed steps that include windfall tax on electricity producers that could raise as much as 20bn CZK per year.
- Czech gas storage is about 79% full according to Ministry.
- EURCZK ticks lower this morning and continues to oscillate around the 24.50 level; ST resistance to watch on the topside stands at 24.6750. On the downside, support to watch below 24.50 stands at 24.30.