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Bartos Proposes Tax Increases To Curb Budget Deficit

CZECHIA
  • 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.

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