Czech manufacturing business sentiment beat expectations in November, reaching its highest point since August 2018, the Markit Purchasing Managers’ Index (PMI) showed on Tuesday. The headline PMI reading rose for the seventh consecutive month to 53.9 in November from 51.9 in October, moving further away from April’s low, data compiled by IHS Markit showed. Facebook Notice for EU! You need to login to view and post FB Comments!Continue Reading

A tender to decide who builds a new unit at a Czech nuclear power plant may face delays after security services and opposition parties raised concerns about the possible participation of bidders from China and Russia, officials said. According to a document seen by Reuters, a working group of intelligence and foreign policy officials under the Interior Ministry wants conditions imposed to ensure bidders from countries that pose a security risk are disqualified. Facebook Notice for EU! You need to login to view and post FB Comments!Continue Reading

Czech Finance Minister Alena Schillerova said on Monday she would plead with the upper house of parliament to scale back a record tax reduction worth over 2% of gross domestic product approved by the lower house against the government’s wishes. Deputies from both ruling coalition and opposition parties voted on Friday for proposals from both sides of the aisle to slash taxes by about CZK 130 billion from next year. Facebook Notice for EU! You need to login to view and post FB Comments!Continue Reading

The number deaths in the Czech Republic linked to Covid-19 doubled in November and passed the 7,000 mark, health ministry data showed on Saturday. Recorded fatalities reached 7,021 as of Saturday, compared with the 3,523 recorded by the end of October, according to the figures. Facebook Notice for EU! You need to login to view and post FB Comments!Continue Reading

Donald Trump would be wiser to acknowledge losing the U.S. presidential election and quit, Czech President Milos Zeman, an early Trump supporter, said on Thursday. “I personally believe that it would be much more reasonable to give up, not to be embarrassing, and allow the new president to take office,” he said. Facebook Notice for EU! You need to login to view and post FB Comments!Continue Reading