Wednesday, 11 December 2019

Bloomberg

Czech craft beer makers brew for Brexit

Bloomberg |
4 September 2019

A group of small brewers is hoping the U.K. will keep drinking through its political crisis.

A respite for Babis isn't bad news for Czechs

Bloomberg |
4 September 2019

If the prime minister doesn't have to face criminal charges, it'll mean more stability but not more illiberal excess.

Government on brink of split-up as ruling partners bicker

Bloomberg |
19 August 2019

Czech PM Andrej Babis pushed his minority government closer to the brink of a split-up, refusing to back the appointment of a ministerial candidate from his junior coalition partner. Babis, who previously had not opposed the nomination for culture minister from the Social Democrats, told TV Prima late Friday night that he wouldn't be in a government with his coalition partner's choice for the post. By reversing course, he aligned himself with political ally Czech President Milos Zeman.

Junior ruling party sets ultimatum for staying in cabinet

Bloomberg |
16 July 2019

The Social Democrats set a final condition for staying in the government, prolonging a political crisis that has brought the ruling coalition to the brink of collapse. The party said Monday it will leave the minority cabinet unless President Milos Zeman appoints their nominee for culture minister. A potential coalition breakup would be a blow for PM Andrej Babis. But the departure of his junior partner wouldn't automatically trigger early elections.

Czech billionaire claims first round in fight with New York fund

Bloomberg |
1 July 2019

Czech property billionaire Radovan Vitek is claiming victory in the first round of a transatlantic legal fight with New York hedge fund Kingstown Capital Management, which alleges he engineered a USD 1 billion fraud scheme.

Czechs shun Eurobond market as USD 6.5 billion repayments loom

Bloomberg |
21 June 2019

As its emerging-market peers flock back to the foreign debt markets, the Czech Republic has a plan to significantly curb its Eurobond sales after successfully testing an alternative route to global investors.

Global gloom not enough to deter top Czech hawk on rate hike

Bloomberg |
14 June 2019

The Czech economy warrants higher interest rates as domestic price pressures outweigh the effects of a global slowdown, according to central banker Vojtech Benda.

Billionaire Czech premier hits back at EU scrutiny

Bloomberg |
6 June 2019

Czech billionaire prime minister criticized the European Union for an audit that found him in a conflict of interest, calling the draft an attempt to destabilize the nation he runs. Under increased pressure, Premier Andrej Babis has shifted his rhetoric from having a pro-European attitude to a sharp criticism of the bloc that is scrutinizing his ties to business conglomerate Agrofert. "I will certainly ask Mr. Juncker how it's possible that he has such incompetent auditors," Babis told reporters on Wednesday.

It's 'permanent donations' instead of tax as Czechs target banks

Bloomberg |
5 June 2019

After a raft of countries across eastern Europe put the squeeze on banks to help fill gaps in their budgets, the Czech Republic is taking a different approach: asking for "permanent donations" from their annual income.

Hitler's henchman, Klimt's muse and a Czech castle in ruins

Bloomberg |
27 May 2019

Its heyday ended when the Nazis invaded. Now a chateau near Prague has a chance of a revival if a mystery buyer has deep enough pockets.

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