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CZECHIA: President Pavel Meets Ministerial Candidates

CZECHIA
EM BulletBulletGlobalEmerging Market NewsCentral and Eastern EuropeRegionCzechia
  • President Petr Pavel will meet with candidates for Industry and Trade Minister and Regional Development Minister, Lukas Vlcek and Petr Kulhanek. The first portfolio was vacated by Jozef Sikela, who joined the European Commission, while the latter was previously held by outgoing Pirate Party leader Ivan Bartos. Vlcek pledged to focus on energy policy, including the procurement of new nuclear reactors, while Kulhanek is planning to prioritise fixing the botched digitalisation of construction permit procedures and repairing the damage caused by recent floods. Both candidates will likely be appointed on Tuesday.
  • Far-right SPD party leader Tomio Okamura expressed readiness to form a coalition with ex-PM Andrej Babis's ANO after next year's parliamentary election, if it would open the possibility of forming government. ANO regularly comes first in opinion polls but may struggle to capture enough votes to govern alone.
  • Czechia's industrial output contracted by 1.5% Y/Y in August, which was a better outturn than projected (-2.2%). Meanwhile, trade balance unexpectedly flipped into a surplus of CZK14.3bn versus the median forecast of -CZK3.8bn. Construction output grew by 0.4% Y/Y.
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  • President Petr Pavel will meet with candidates for Industry and Trade Minister and Regional Development Minister, Lukas Vlcek and Petr Kulhanek. The first portfolio was vacated by Jozef Sikela, who joined the European Commission, while the latter was previously held by outgoing Pirate Party leader Ivan Bartos. Vlcek pledged to focus on energy policy, including the procurement of new nuclear reactors, while Kulhanek is planning to prioritise fixing the botched digitalisation of construction permit procedures and repairing the damage caused by recent floods. Both candidates will likely be appointed on Tuesday.
  • Far-right SPD party leader Tomio Okamura expressed readiness to form a coalition with ex-PM Andrej Babis's ANO after next year's parliamentary election, if it would open the possibility of forming government. ANO regularly comes first in opinion polls but may struggle to capture enough votes to govern alone.
  • Czechia's industrial output contracted by 1.5% Y/Y in August, which was a better outturn than projected (-2.2%). Meanwhile, trade balance unexpectedly flipped into a surplus of CZK14.3bn versus the median forecast of -CZK3.8bn. Construction output grew by 0.4% Y/Y.