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Visegrad Group Meets For Summit In Prague

CZECHIA
  • Leaders of the Visegrad Group (V4) countries meet in Prague to discuss energy security, the EU's strategic goals and migration policies today. The four Prime Ministers are expected to hold a press briefing at 12:15GMT/13:15CET. Relations between the CEE countries have been fraught with tensions amid their divergent positions on Russia's invasion of Ukraine, which escalated after Robert Fico's return to power in Slovakia. Polish Prime Minister Donald Tusk said that this week's summit will help determine "if the Visegrad Group still makes sense or not," adding that he was planning to openly discuss with Hungary's Viktor Orban and Slovakia's Robert Fico their ambiguous comments on the Ukraine situation. Meanwhile, Seznam Zpravy reported that despite their common views on the Russo-Ukrainian war, Polish-Czech bilateral relations have not been very intense, as Prague found itself on the "fringes" of Poland's diplomatic interest amid Warsaw's turn towards Germany and France.
  • Prime Minister Petr Fiala said that Czechia's initiative to purchase ammunition for Ukraine has the support of 15 countries, including France and the Netherlands. Fiala said that European and Ukrainian production capacity should reach sufficient levels in 2025, but there is a need to fill the gaps during the bridge period.
  • The CNB's monthly Financial Market Inflation Expectations report showed that "inflation expectations one year ahead are continuing to fall," while the "three-year outlook remains stable." A large majority of respondents said that the Bank Board will likely cut the key rate by 50bp at the next meeting.
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Political Risk BulletEM BulletHomepageBulletPolitical RiskEmerging Market News

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