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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.
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Free AccessMNI POLITICAL RISK - Trump Rounds Out Cabinet Nominations
MNI POLITICAL RISK ANALYSIS - Week Ahead 25 Nov-1 Dec
Foreign Minister Fired For Opposing Sputnik Vaccine Purchase
The office of President Milos Zeman announced the removal of Foreign Minister Tomas Petricek just a week after Health Minister Jan Blatny was relieved of his position.
- Part of the reasoning behind the removal of Petricek and Blatny is seen as a reaction to both ministers' opposition to the use of the Russian-made Sputnik V vaccine in Czechia.
- Petricek also stated that his dismissal was in part due to his opposition to the potential involvement of Russia's state-owned nuclear power agency Rosatom in the completion of the construction of the Dukovany nuclear power plant.
- President Zeman, seen as one of the most pro-Russian national leaders in the EU, has vocally supported Russia's involvement in both the Dukovany plant and Czechia's COVID-19 vaccine rollout.
- Another factor behind Petricek's dismissal is likely to be his failed attempt last week to take the leadership of the centre-left Czech Social Democratic Party (CSSD), which sits as a junior partner to Prime Minister Andrej Babis' ANO party in the Czech gov't, with CSSD head Jan Hamacek recommending Petricek's dismissal.
- Lubomir Zaoralek, currently Culture minister and foreign minister in a previous gov't, is set to take over from Petricek. Zaoralek came in for criticism from opponents for being seen to be too friendly with China.
To read the full story
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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.