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CZK: Gov't Assesses Flood Damage, Finance Ministry Holds Bond Auction

CZK
EM BulletCzech RepublicCentral and Eastern EuropeBulletGlobalEmerging Market NewsRegionCzechia
  • Prime Minister Petr Fiala said that the government will try to avoid imposing a "flood tax" and will prioritise other ways to deal with financing the repairs of the damage inflicted by torrential rains and floods. He explained that regional and senate elections will go ahead this weekend as a postponement would require declaring a state of emergency on the entire territory of the Czech Republic.
  • Trade and Industry Minister Jozef Sikela has been offered the international partnerships portfolio in Ursula von der Leyen's second Commission, with Seznam Zpravy flagging a sense of disappointment about Czechia's failure to take the trade or energy portfolio. Analyst Viktor Danek told the newspaper that "it is definitely not the portfolio that the Czech government was striving for."
  • The cabinet holds its weekly meeting this afternoon and ministers will discuss issues including setting pensions and the minimum wage for 2025.
  • The Finance Ministry will offer CZK5bn of 4.9% 2034 bonds, CZK2bn of 3.6% 2036 bonds and CZK2bn of 1.95% 2037 bonds at an auction today.
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  • Prime Minister Petr Fiala said that the government will try to avoid imposing a "flood tax" and will prioritise other ways to deal with financing the repairs of the damage inflicted by torrential rains and floods. He explained that regional and senate elections will go ahead this weekend as a postponement would require declaring a state of emergency on the entire territory of the Czech Republic.
  • Trade and Industry Minister Jozef Sikela has been offered the international partnerships portfolio in Ursula von der Leyen's second Commission, with Seznam Zpravy flagging a sense of disappointment about Czechia's failure to take the trade or energy portfolio. Analyst Viktor Danek told the newspaper that "it is definitely not the portfolio that the Czech government was striving for."
  • The cabinet holds its weekly meeting this afternoon and ministers will discuss issues including setting pensions and the minimum wage for 2025.
  • The Finance Ministry will offer CZK5bn of 4.9% 2034 bonds, CZK2bn of 3.6% 2036 bonds and CZK2bn of 1.95% 2037 bonds at an auction today.