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CZECHIA: ANO Joins New Right-Wing EU Political Group, Budget Data On Tap

CZECHIA
  • Main opposition ANO party leader Andrej Babis joined Hungarian PM Viktor Orban and Austrian Freedom Party's Herbert Kickl in inaugurating a new "political formation" ("Patriots for Europe") intended to attract nationalist forces from across the EU. Babis has turned to far-right parties after his party left the liberal Renew Europe caucus.
  • A fresh Kantar opinion poll showed that ANO remains the most popular political party with a support rate of 34%. PM Petr Fiala's ODS is in second place with 16%, followed by the Pirate Party (9%), STAN (8.5%) and SPD (6%). The Spolu coalition (ODS, TOP 09 and KDU-CSL) could garner 22.5% of the vote, should the three parties decide to contest an election together.
  • Finance Minister Zbynek Stanjura denied the claims of his predecessor and current chairman of the ANO caucus Alena Schillerova, who accused him of working on a new tax package.
  • Czechia's S&P Global Manufacturing PMI deteriorated to 45.3 in June from 46.1 prior, missing the consensus forecast of 45.8. Accompanying commentary noted that S&P's "current forecast expects the picture for industrial production to improve as the year progresses, with a rise of 1.7% on the year in 2024."
  • The Finance Ministry will release budget data for the month of June at 13:00BST/14:00CEST.
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