Free Trial

Fiala Under Pressure Over Credit Union Shares, Gov't Accelerates CZGB Issuance

CZECHIA
  • Prime Minister Petr Fiala's asset declaration received more scrutiny after Seznam Zpravy pointed to his failure to reveal shareholdings in a controversial credit union (as flagged in our morning summary yesterday). Seznam Zpravy noted that Fiala's team received a warning about the matter before the election but failed to act on it. Ruling coalition members have rallied behind the Prime Minister while ANO leader Andrej Babis called on Fiala to publish his annual tax return.
  • The Chamber of Deputies resumes its debate on legislation that would introduce postal voting for Czechs living abroad. The proposal is fiercely opposed by the ANO and SPD parties.
  • A statement from the Finance Ministry revealed that the government is looking to step up debt issuance next month, offering CZK22bn of CZGBs for sale up from January's CZK16bn.
  • The Constitutional Court will rule on the government's pension reforms tomorrow at 12:00GMT/13:00CET.

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.