MNI: Canada Apr-Jul Deficit Grows To CAD7.3B From CAD1.2B

CANADIAN JULY GDP +0.2% VS +0.1% EXPECTED, PRIOR 0.0%

MNI China Daily Summary: Friday, September 27

MNI: PBOC Net Drains CNY238.9 Bln via OMO Friday; Rate Cut

MNI: PBOC Sets Yuan Parity Lower At 7.0101 Fri; +4.14% Y/Y

MNI BRIEF: PBOC To Cut RRR and Key Rates From Sept 27

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL SEP INDEX 70.1

EZ/UK Bond Supply Calendar: BoE APF on Monday

MNI: US AUG PERSONAL INCOME +0.2%; NOM PCE +0.2%

CANADA: Politics Week: Parliament Opens With Early Election Threats

AUSTRALIA: Albanese Lines Up Budget for May Election

AUSTRALIA: Albanese Lines Up Budget for May Election

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

CZECHIA: ANO Expected To Increase Its Presence In Senate After Run-Offs

CZECHIA
EM BulletHomepagemarkets-real-timePolitical RiskCentral and Eastern EuropePolitical Risk BulletBulletGlobalEmerging Market NewsRegionCzechia

Czech citizens will cast their votes in the senatorial run-offs held in 22 districts where none of the candidates managed to secure an outright majority in the first round. Polling stations will open this afternoon and close on Saturday.

  • Five races were decided in the first round, which was a new record. Two seats were captured by ANO, while KDU-CSL, TOP 09 and SOCDEM won one each. The total of 27 seats are up for grabs in this election. This is because Senate elections are staggered, with one-third of all senators elected for six-year terms every two years.
  • Prior to the election, the upper house was dominated by representatives of the ruling coalition, who held 71 out of 81 seats. The position of Senate President was occupied by Milos Vystrcil from Prime Minister Petr Fiala's ODS party. The main opposition ANO party had just 5 senators.
  • The Senate does not have much real political power. It can merely delay legislation and its consent is needed to approve some nominations. However, this election is seen as a litmus paper of the popularity of the ruling coalition ahead of the much more consequential 2025 lower house election.
  • In the lead-up to senatorial run-offs, the government remains in disarray. The poor showing from the Pirate Party in last week's regional polls led to the resignation of its leader Ivan Bartos. This removed an obstacle for PM Fiala to sack him as Regional Development Minister, following intensive criticism of his botched attempts to reform the construction permit system.
  • The senatorial run-offs are contested by 19 ANO candidates, which gives the party an opportunity to increase its presence in the upper house. Political scientist Josef Mlejnek told iDNES that the "everyone against ANO" pattern will manifest itself, but will not be as strong as two years ago.
  • The outcome of the election may determine whether Marian Jurecka will seek re-election as KDU-CSL leader in around three weeks. There has been speculation that South Moravian Region Governor Jan Grolich could be a potential successor. Grolich told Seznam Zpravy that "the mood in that party is such that that change will happen."
349 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Czech citizens will cast their votes in the senatorial run-offs held in 22 districts where none of the candidates managed to secure an outright majority in the first round. Polling stations will open this afternoon and close on Saturday.

  • Five races were decided in the first round, which was a new record. Two seats were captured by ANO, while KDU-CSL, TOP 09 and SOCDEM won one each. The total of 27 seats are up for grabs in this election. This is because Senate elections are staggered, with one-third of all senators elected for six-year terms every two years.
  • Prior to the election, the upper house was dominated by representatives of the ruling coalition, who held 71 out of 81 seats. The position of Senate President was occupied by Milos Vystrcil from Prime Minister Petr Fiala's ODS party. The main opposition ANO party had just 5 senators.
  • The Senate does not have much real political power. It can merely delay legislation and its consent is needed to approve some nominations. However, this election is seen as a litmus paper of the popularity of the ruling coalition ahead of the much more consequential 2025 lower house election.
  • In the lead-up to senatorial run-offs, the government remains in disarray. The poor showing from the Pirate Party in last week's regional polls led to the resignation of its leader Ivan Bartos. This removed an obstacle for PM Fiala to sack him as Regional Development Minister, following intensive criticism of his botched attempts to reform the construction permit system.
  • The senatorial run-offs are contested by 19 ANO candidates, which gives the party an opportunity to increase its presence in the upper house. Political scientist Josef Mlejnek told iDNES that the "everyone against ANO" pattern will manifest itself, but will not be as strong as two years ago.
  • The outcome of the election may determine whether Marian Jurecka will seek re-election as KDU-CSL leader in around three weeks. There has been speculation that South Moravian Region Governor Jan Grolich could be a potential successor. Grolich told Seznam Zpravy that "the mood in that party is such that that change will happen."