February 06, 2023 08:44 GMT
Zeman Ditches Idea Of Front-Loading Key Judicial Nomination, Czech Trade Deficit Narrows
- Prime Minister Petr Fiala emerged from his regular meeting with President Milos Zeman last night, announcing that the outgoing head of state has abandoned his controversial idea to bring forward the nomination of the Constitutional Court chief, whose term expires in August. Bowing to the pressure from several corners of the Czech political and legal scenes, Zeman will leave the decision to his successor Petr Pavel, who is set to take office on March 9. Fiala also said that Zeman will meet with Pavel next Monday to facilitate a smooth transition of power.
- Czechia's trade deficit shrank to CZK1.2bn in December from the revised CZK24.5bn recorded in November versus CZK19.0bn expected. Separately, industrial output grew slower than forecast at 1.3% Y/Y compared with the 3.3% median estimate.
- The Czech National Bank will publish changes to its balance sheet in the 10 days ended January 31 later today.