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.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.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.Continue Reading