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PRAGUE (AP) — František Janouch, a Czech nuclear physicist who set up a foundation in Sweden while in exile to support the dissident movement in his communist homeland at the time, has died. The Charter 77 Foundation said Janouch died on Friday morning in Sweden's capital, Stockholm, where he had lived since the 1970s. Born on Sept. 22, 1931 in the town of Lysa nad Labem near Prague, Janouch studied nuclear physics at Charles University in Prague and at universities in Moscow and St. Petersburg in the then Soviet Union. Political Cartoons View All 253 ImagesAt the invitation of the Royal Swedish Academy of Sciences, he moved to Sweden in 1974. “František Janouch contributed significantly to the return of freedom to our country,” Prime Minister Petr Fiala said.

Persons: Janouch, Václav Havel, Havel, “ František Janouch, Petr Fiala Organizations: Charles University, Nuclear Physics Institute, Czechoslovak Academy of Sciences, Royal Swedish Academy of Sciences Locations: PRAGUE, Czech, Sweden, Sweden's, Stockholm, Lysa nad Labem, Prague, Moscow, St, Petersburg, Soviet Union, Soviet, Czechoslovakia, Swedish

PRAGUE (AP) — Labor unions staged a day of protests and strikes across the Czech Republic on Monday to voice their opposition to the government’s package of cuts and austerity measures meant to keep the ballooning deficit under control. The unions are also demanding more money for the education and healthcare sectors and are protesting proposed changes to the pension system. Some 74% or over 7,200 nursery, elementary and high schools across the country were either fully or partially closed Monday in the biggest such protest since the establishment of the Czech Republic in 1993, unions said. Among other measures, Czechs will pay more taxes on alcoholic beverages, including beer, and on medicine. According to the government, the measures should reduce the budget deficit by 97 billion Czech crowns ($4.3 billion) next year and by 150 billion ($6.7 billion) in 2025.

Persons: Petr Fiala, ” Fiala, Petr Pavel, Andrej Babis, Babis Organizations: — Labor, Auto, Fiala’s, ANO Locations: PRAGUE, Czech Republic

UKRAINE DIVERSIONReuters spoke to around a half dozen Czech and Polish defence companies and government officials who described renewed efforts to carve out a bigger share of the African arms market as the Ukraine conflict diverts Russia's attention. Privately-held defence and civil manufacturing company Czechoslovak Group - the biggest Czech defence company - said its ability to maintain and modernize armoured vehicles using Soviet-era standards has helped it win business in Africa. ...in Poland where our stand was visited by numerous delegations from African countries that appeared here for the first time," WB Group spokesman Remigiusz Wilk said. The effort to supply Ukraine has pushed Czech companies to boost production and expand supply lines, something Czech-based independent defence analyst Lukas Visingr said has burnished the region's reputation. "The Czech arms industry is stepping up its efforts towards certain African countries still using Soviet-style equipment but who start to see Russia as a problematic supplier," Visingr said.

Persons: David W Cerny, Jiri Hynek, Filip Kulstrunk, Andrej Cirtek, Pieter Wezeman, Sebastian Chwalek, –, Remigiusz Wilk, Petr Fiala, Tomas Pojar, Tomas Kopecny, Kopecny, Lukas Visingr, Visingr, Michael Kahn, Anna Koper, Alex Richardson Organizations: Aero Vodochody, REUTERS, Western, Central, Russia Czech, Defence, Western NATO, Warsaw, Defence and Security Industry Association of, Reuters, Aero, Privately, Czechoslovak Group, CSG, Stockholm International Peace Research Institute, WB Group, WB, Ivory, Thomson Locations: Odolena Voda, Czech Republic, Russia, Africa, PRAGUE, WARSAW, European, Western, Czechoslovakia, Czech, UKRAINE, Polish, Ukraine, Stockholm, China, Saharan Africa, Poland's, Poland, Ethiopia, Kenya, Ghana, Prague, Mozambique

☆ Volkswagen puts off east European gigafactory amid sluggish EV demand
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +2 min

A Volkswagen logo is seen during the New York International Auto Show, in Manhattan, New York City, U.S., April 5, 2023. It said earlier this year it was in no rush to make a decision. Czech officials said on Wednesday they would start offering their proposed site for Volkswagen's battery plant to other investors, saying they could not afford to wait any longer for a decision. "We cannot continue to hold the land for this project," Fiala told a news conference. Industry minister Jozef Sikela said talks were happening with five investors, with two of those projects on a similar scale to Volkswagen's plans.

Persons: David, Dee, Delgado, Oliver Blume, BEV, Blume, Petr Fiala, Fiala, Jozef Sikela, Jason Hovet, Louise Heavens, Mark Potter Organizations: New York, REUTERS, Rights, Volkswagen, Volkswagen's, Skoda Auto, Thomson Locations: Manhattan , New York City, U.S, Europe, Czech Republic, Hungary, Poland, Slovakia, Salzgitter, Germany, Valencia, Spain, St, Thomas, Canada, Volkswagen's Czech, Czech

The winner of the lucrative contract will then have an option to build three more nuclear reactors in the country. Last year, the Czech government excluded Russia’s energy giant Rosatom and China’s CNG from the tender process on security grounds. Political Cartoons View All 1227 ImagesPrime Minister Petr Fiala said Russian participation in the project, which is critical for the Czech Republic's energy security, was “unimaginable” following the Kremlin’s invasion of Ukraine. The Czech Republic already relies on six nuclear reactors to generate more than a third of its total electricity. In a separate deal, CEZ had signed a deal with U.S. energy giant Westinghouse Electric Co. to supply nuclear fuel for the Dukovany nuclear plant, eliminating dependence on Russia for such fuel.

Persons: Korea’s, CEZ, Petr Fiala Organizations: U.S, Westinghouse, France’s EdF, Union, Westinghouse Electric Co Locations: PRAGUE, Czech, Ukraine, Czech Republic, Dukovany, Austria, Germany, Central Europe, Slovakia, Hungary, Poland, Russia

PRAGUE (AP) — The Czech Republic's government on Wednesday approved a Defense Ministry plan to acquire two dozen U.S. F-35 fighter jets in a deal worth around 150 billion Czech koruna ($6.5 billion). The American aircraft will replace the 14 JAS-39 Gripen fighter jets from Sweden that are currently used by the Czech army. The Czechs will pay almost $5 billion to the U.S. for the aircraft, training of pilots, ammunition and other costs, Defense Minister Jana Cernochova said. The remaining money will be used to finance an upgrade of the Caslav air force base in central Czech Republic, fuel and training of staff, Cernochova said. Wednesday's announcement came after the government decided in May to acquire 246 CV90 armored combat vehicles from Sweden as part of a major modernization of the military amid Russia's war.

Persons: Petr Fiala, ” Fiala, ”, Fiala, JAS, Jana Cernochova, Cernochova, Karel Rehka Organizations: Defense Ministry, U.S, American, Gripen Locations: PRAGUE, Czech, Sweden, Czech Republic, Ukraine

☆ Czech protesters rally against government's pro-Western policies
▼ + stars: | 2023-09-16 | by ( ) www.reuters.com time to read: +2 min

[1/4] Demonstrators take part in an anti-government protest demanding the resignation of Czech Prime Minister Petr Fiala, in Prague, Czech Republic, September 16, 2023. And I do not want a puppet government any more," Raichl said, saying the Czech Republic should veto any attempt by Ukraine to join NATO. Under the current government, the Czech Republic has been a close ally of Ukraine, sending tanks, rocket launchers, helicopters, artillery shells and other material to help Ukrainian forces fighting Russia's invasion. Raichl hailed the nationalist policies of Hungarian Prime Minister Viktor Orban as a role model and called for an alliance of Central European countries to counter Brussels. Protester Marcela Hajkova, a mother-of-three, condemned the government's military aid to Ukraine, among other policies.

Persons: Petr Fiala, David W Cerny, Petr, Fiala, Jindrich Raichl, Raichl, Viktor Orban, Robert Fico, Marcela Hajkova, Jan Lopatka, David Cerny, Helen Popper Our Organizations: Czech, REUTERS, Rights, Ukraine, PRO, ., CTK, NATO, Hungarian, Police, Wagner Group, Thomson Locations: Prague, Czech Republic, Russian Czech, Moscow, Prague's Wenceslas, Ukraine, Central, Brussels

[1/3] Writer Milan Kundera is pictured in Prague, former Czechoslovakia, May 6, 1963. CTK Photo/Frantisek Nesvadba via REUTERSPRAGUE, July 12 (Reuters) - Czech-born writer Milan Kundera, author of the novel "The Unbearable Lightness of Being" who lived nearly five decades in Paris after emigrating in disillusionment from his Communist-ruled homeland, has died at the age of 94. French Prime Minister Elisabeth Borne said Kundera was "a writer and a voice that we will miss". "Milan Kundera's work is at the same time a deep, human, intimate and distant exploration," she said. Fellow Czech writer Karel Hvizdala told Czech Television he saw his friend last November and he was already in poor health.

Persons: Milan Kundera, Frantisek Nesvadba, Kundera, Petr Fiala, Petr Pavel, Pavel, Elisabeth Borne, Milan, Karel Hvizdala, Albert Camus, Daniel Day, Lewis, Juliette Binoche, Philip Kaufman, Timothy Garton Ash, Monde, Paris Mayor Anne Hidalgo, Czechoslovakia's, Jan Lopatka, Robert Muller, Elizabeth Pineau, Tassilo Hummel, Michael Kahn, Jason Hovet, Toby Chopra, Kevin Liffey, Mark Heinrich, Nick Macfie Organizations: CTK, REUTERS, Moravian, Prague Spring, Czech Television, Czechoslovak Communist, New York Times, Oxford University, Paris Mayor, Czechoslovakia's Communist, Thomson Locations: Prague, Czechoslovakia, REUTERS PRAGUE, Czech, Paris, Brno, France, Communist Czechoslovakia, Czechoslovak, Europe, Central Europe, French, Western

☆ NATO makes membership pledge to Ukraine as Zelenskiy drums up support
▼ + stars: | 2023-07-07 | by ( Robert Muller | ) www.reuters.com time to read: +5 min

[1/3] Ukraine's President Volodymyr Zelenskiy and Czech Prime Minister Petr Fiala visit the Velvet Revolution Memorial in Prague, Czech Republic, July 7, 2023. In Prague, he won a pledge of support for Ukraine to join NATO "as soon as the war (with Russia) is over", and in Sofia secured backing for membership "as soon as conditions allow". "There is strength in unity of NATO," he said, adding that undecided questions over Ukraine's future in NATO and Sweden's pending membership were "a threat to the alliance's strength". Zelenskiy has acknowledged that Kyiv is unlikely to be able to join NATO while at war with Russia. TALKS DUE IN TURKEYDespite Russia's anger, Czech Prime Minister Petr Fiala told a news conference with Zelenskiy in Prague that he expected all NATO allies to support Ukraine in its membership aspirations.

Persons: Volodymyr Zelenskiy, Petr Fiala, Zelenskiy, Jens Stoltenberg, Stoltenberg, Zuzana Caputova, Vladimir Putin, Fiala, Tayyip Erdogan, Jason Hovet, Pavel Polityuk, Timothy Heritage, Gareth Jones, Philippa Fletcher Organizations: Presidential Press Service, NATO, EU Zelenskiy, Zelenskiy, European Union, Thomson Locations: Czech, Prague, Czech Republic, Ukraine, PRAGUE, Slovakia, Bulgaria, Turkey, Russia, Sofia, Bratislava, Vilnius, Lithuanian, Brussels, Russian, Russia's, TURKEY, Europe, Kyiv, United States, Istanbul

☆ Turkey's Erdogan to host Putin, hopes for Black Sea grain deal extension
▼ + stars: | 2023-07-07 | by ( Can Sezer | ) www.reuters.com time to read: +3 min

ISTANBUL, July 8 (Reuters) - Turkey's President Tayyip Erdogan said on Saturday that he was pressing Russia to extend a Black Sea grain deal by at least three months and announced a visit by President Vladimir Putin in August. Erdogan said work was under way on extending the Black Sea grain deal beyond its expiration date of July 17 and for longer periods beyond that. The deal would be one of the most important issues on the agenda for his meeting with Putin in Turkey next month, he said. "Our hope is that it will be extended at least once every three months, not every two months. Russia, angry about aspects of the grain deal's implementation, has threatened not to allow its further extension beyond July 17.

Persons: Tayyip Erdogan, Vladimir Putin, Volodymyr Zelenskiy, Zelenskiy's, Erdogan, Putin, Zelenskiy, Petr Fiala, Stringer, Dmitry Peskov, Ezgi Erkoyun, Oleksandr Kozhukhar, Orhan Coskun, Elaine Monaghan, Huseyin Hayatsever, Jonathan Spicer, Gareth Jones, Diane Craft Organizations: Ukraine, United Nations, Zelenskiy, REUTERS, NATO, Western, Thomson Locations: ISTANBUL, Russia, Turkey, Bulgaria, Czech Republic, Ukraine, Czech, Prague, Crimean Tatars, Istanbul

☆ Czech government will try to meet 2023 budget deficit target, PM says
▼ + stars: | 2023-06-04 | by ( ) www.reuters.com time to read: +1 min

PRAGUE, June 4 (Reuters) - The Czech government will try to meet its 2023 budget deficit target of 295 billion crowns ($13.4 billion) although the gap almost expanded to that level already in May, Prime Minister Petr Fiala said on Sunday. The central state budget deficit reached 271.4 billion crowns in January-May, its highest level ever for that period, hit by higher pension payments, spending on energy price subsidies and growing debt servicing costs. "It has not been evolving well, but I still cannot say that we will not meet (the deficit target)," Fiala said in a live debate on CNNPrima News TV station. Finance Minister Zbynek Stanjura said on Thursday that his ministry will next week propose savings worth at least 20 billion crowns in this year's budget to stem the swelling deficit. ($1 = 22.0100 Czech crowns)Reporting by Robert Muller; Editing by Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.

Persons: Petr Fiala, Fiala, Zbynek Stanjura, Robert Muller, Emelia Sithole Organizations: CNNPrima News, European Union, Finance, Thomson Locations: PRAGUE, Czech

[1/2] A Vietnamese officer tries a weapon at the stalls of Czech security firms, including Colt, at the Vietnam International Defence Expo 2022 in Hanoi, Vietnam, December 8, 2022. REUTERS/Khanh VuHANOI, April 24 (Reuters) - Vietnam is in talks with the Czech Republic for military supplies, including aircraft, radars, upgrades of armoured vehicles and firearms, a Czech government source told Reuters, as Hanoi aims at diversifying its mostly Russian arsenal. Hanoi ordered a dozen L-39NG light-combat aircraft in 2021 from Czech manufacturer Aero Vodochody, with delivery to begin this year. Of the 15 companies that composed the Czech business delegation, four were security firms. The Vietnam foreign ministry and the Czech embassy in Hanoi had no immediate comment.

☆ Biden to meet Philippine President at White House on May 1
▼ + stars: | 2023-04-21 | by ( ) www.reuters.com time to read: +2 min

[1/2] Philippine President Ferdinand Marcos Jr. delivers a speech as part of a joint press statement with Czech Prime Minister Petr Fiala, at Malacanang Palace, in Manila, Philippines, April 17, 2023. Ezra Acayan/Pool via REUTERSSummary Treaty allies to reaffirm partnership - Philippines presidential officeTwo leaders to discuss economic cooperation - White HouseMarcos' second trip to U.S. since SeptemberApril 20 (Reuters) - U.S. President Joe Biden will meet his Philippine counterpart Ferdinand Marcos Jr at the White House on May 1 to discuss deepening economic cooperation and the Indo-Pacific region, Manila and Washington said on Friday. The two leaders will also discuss further economic cooperation, White House spokesperson Karine Jean-Pierre said in a statement. "During the visit, President Biden will reaffirm the United States' ironclad commitment to the defense of the Philippines, and the leaders will discuss efforts to strengthen the longstanding U.S.-Philippines alliance," the statement said. Reporting by Eric Beech in Washington and Costas Pitas in Los AngelesOur Standards: The Thomson Reuters Trust Principles.

☆ Thousands of Czechs turn out for anti-government protest
▼ + stars: | 2023-04-16 | by ( ) www.reuters.com time to read: +2 min

[1/5] Demonstrators take part in an anti-government protest rally in Prague, Czech Republic, April 16, 2023. REUTERS/Eva KorinkovaPRAGUE, April 16 (Reuters) - Thousands of Czechs demonstrated in Prague's central square on Sunday, calling on the government to quit as they protested over high inflation and energy prices. Police did not give estimates of the size of the protest, named "Czechia against poverty". The Czech Republic, like other countries in Europe, has been hit by rising inflation that has soared into double digits in the past year and high energy prices that are cutting into household budgets. Reporting by Eva Korinkova, writing by Jason Hovet; Editing by Sharon SingletonOur Standards: The Thomson Reuters Trust Principles.

☆ East Europe governments urge tech firms to fight disinformation
▼ + stars: | 2023-03-29 | by ( ) www.reuters.com time to read: +3 min

PRAGUE, March 29 (Reuters) - Ukraine and seven other central and eastern European nations have called on the world's top tech firms to act to fight disinformation on their social media platforms by hostile powers which they say undermine peace and stability. "Big tech companies should be vigilant and resist being used as means of advancing such goals. The letter was signed by the prime ministers of Ukraine, Moldova, Poland, Czech Republic, Slovakia, Estonia, Latvia and Lithuania, and released by Czech Prime Minister Petr Fiala's office. The Computer and Communications Industry Association (CCIA), whose members include Meta, Twitter and Google (GOOGL.O) among others, said it backed measures to fight disinformation such as Europe's Digital Services Act (DSA). Platforms should dedicate enough staff and funding for content moderation, address the growing threat of deepfakes and artificial intelligence-generated disinformation, it said.

☆ Czechs have sent 89 tanks, hundreds of pieces of heavy machinery to Ukraine -PM
▼ + stars: | 2023-02-22 | by ( ) www.reuters.com time to read: +2 min

WARSAW, Feb 22 (Reuters) - The Czech Republic has supplied hundreds of pieces of heavy military equipment to Ukraine over the past year, including 89 tanks, and will continue supporting efforts to aid Kyiv, the country's prime minister said on Wednesday. The Czech Republic has been one of Kyiv's earliest and strongest backers. The U.S. embassy in Prague last week said the United States would provide $200 million to the Czech Republic for military upgrades and replacement of equipment sent to Ukraine. The Czech Republic has also agreed to repair Ukraine's armoured vehicles as part of it help to the country. "We will continue to support Ukraine's efforts to this end, as long as necessary," the countries' statement said.

[1/9] Czech presidential candidate Petr Pavel and his wife Eva Pavlova react at his headquarters, after results are announced for the country's presidential election, in Prague, Czech Republic January 28, 2023. Pavel, a 61-year-old retired general running for office for the first time, won 58.3% of the vote with all voting districts reporting final results, defeating billionaire ex-premier Andrej Babis, a dominant but polarising force in Czech politics for a decade. Pavel has also fully backed continued support for Ukraine in its defence against Russia's invasion. Babis, 68, a combative business magnate who heads the biggest opposition party in parliament, had attacked Pavel as the government's candidate. Ukrainian President Volodymyr Zelenskiy congratulated Pavel on his election on Twitter and said he looked forward to close cooperation.

The Polish government convened an emergency security and defense meeting Tuesday and agreed to increase its military readiness, government spokesman Piotr Mueller said, after an explosion killed two people near the border with Ukraine. It was not clear what caused the explosion in the southeastern town of Hrubieszów, Mueller said after the emergency meeting was convened. The longer Russia feels impunity, the more threats there will be to anyone within reach of Russian missiles,” Ukrainian President Volodymyr Zelenskyy wrote on Telegram. We must act.”The prospect of Russian missiles possibly hitting Poland, a member of NATO, triggered fears that the war in Ukraine could intensify sharply. Estonia is ready to defend every inch of NATO territory,” the country’s foreign minister said via Twitter.

☆ Donetsk battles are 'hell', Ukraine's Zelenskiy says as Kherson mops up
▼ + stars: | 2022-11-13 | by ( ) www.reuters.com time to read: +6 min

[1/3] Ukraine's President Volodymyr Zelenskiy speaks during a joint news conference with Czech Prime Minister Petr Fiala (not seen), as Russia's attack on Ukraine continues, in Kyiv, Ukraine October 31, 2022. Ukraine's success in Kherson, where its troops now control more than 60 regional settlements, as well as in other places, benefited partly from resistance in the Donetsk region, despite repeated Russian attacks, Zelenskiy added. "There it is just hell - there are extremely fierce battles there every day," he said. In a telephone call, Russian President Vladimir Putin and Iranian President Ebrahim Raisi emphasised "further enhancing cooperation in the political, trade and economic fields, including the transport and logistics sector," the Kremlin said on Saturday. The visit followed accusations by Ukraine and the West that Russia has used Iranian drones to target Ukraine's energy infrastructure.

☆ Zelenskiy: 'We are getting Kherson back', hails historic day
▼ + stars: | 2022-11-11 | by ( ) www.reuters.com time to read: +1 min

Nov 11 (Reuters) - Ukrainian President Volodymyr Zelenskiy on Friday said special units of the armed forces were already in the southern city of Kherson following Russia's withdrawal and described the moment as historic. We are getting the south of the country back, we are getting Kherson back," Zelenskiy said in an evening video address. Ukraine's President Volodymyr Zelenskiy speaks during a joint news conference with Czech Prime Minister Petr Fiala (not seen), as Russia's attack on Ukraine continues, in Kyiv, Ukraine October 31, 2022. But special units are already in the city," he continued. Zelenskiy said that measures to make Kherson safe - in particular, efforts to remove what he called a lot of mines -would start as soon as possible.

☆ Ukraine's Zelenskiy discusses financial aid, Iran sanctions with EU's von der Leyen
▼ + stars: | 2022-11-06 | by ( ) www.reuters.com time to read: 1 min

[1/2] Ukraine's President Volodymyr Zelenskiy speaks during a joint news conference with Czech Prime Minister Petr Fiala (not seen), as Russia's attack on Ukraine continues, in Kyiv, Ukraine October 31, 2022. REUTERS/Viacheslav RatynskyiKYIV, Nov 6 (Reuters) - Ukraine's President Volodymyr Zelenskiy spoke with European Commission President Ursula von der Leyen on Sunday to discuss macro-financial aid for Ukraine and further sanctions on Iran, Zelenskiy said. "Noted the importance of continuing the grain initiative for world food security. Discussed increasing sanctions & opposing actions of Iran, which supports aggression," Zelenskiy wrote on Twitter. Reporting by Max Hunder; Editing by Hugh LawsonOur Standards: The Thomson Reuters Trust Principles.

☆ Ukraine says it will press on with Black Sea grain deal
▼ + stars: | 2022-10-31 | by ( ) www.reuters.com time to read: +1 min

KYIV, Oct 31 (Reuters) - Ukrainian President Volodymyr Zelenskiy said on Monday that his country would continue exporting grain from its Black Sea ports under a U.N. programme despite Russia's pullout because the shipments offered stability to world food markets. Russia announced on Saturday that it was suspending its role in the U.N.-backed initiative that escorts cargo ships through the Black Sea. "On our side, we are continuing with the grain initiative because we understand what we offer the world. Russia said on Monday it was "unacceptable" for shipping to pass through a Black Sea security corridor as Ukraine was using it to "conduct military operations against the Russian Federation". Reporting by Felix Hoske, Editing by Timothy Heritage, Ron Popeski and Cynthia OstermanOur Standards: The Thomson Reuters Trust Principles.

☆ Czechs rally against rising extremism and voice support for Ukraine
▼ + stars: | 2022-10-30 | by ( ) www.reuters.com time to read: +2 min

"Thank you for coming to face your fear," the group's founders said in unison to the crowd. "We will not let Russia drag us or the whole world into darkness," said in Ukrainian. High energy prices, fuelled by the war in Ukraine, have piled pressure on governments across Europe to cushion the blow of mounting energy costs for consumers and businesses. In the Czech Republic, Prime Minister Petr Fiala's government has signed up to EU sanctions against Russia and taken a tough stance over Moscow's invasion of Ukraine. It has also adopted a string of measures, including financial aid for companies and price caps on electricity for households.

☆ Czech protesters call for new government, direct gas talks with Russia
▼ + stars: | 2022-10-28 | by ( ) www.reuters.com time to read: +1 min

[1/5] Demonstrators take part in an anti-government protest rally advocating for the country to bypass EU-backed sanctions against Russia and purchase gas directly from Moscow, in Prague, Czech Republic, October 28, 2022. The organising group "Czech Republic First!" Protesters waved Czech flags, chanted "Resign, Resign" and carried signs calling for an exit from NATO and the EU. "This is a new national revival and its goal is for the Czech Republic to be independent," event organiser Ladislav Vrabel said. The Czech government of Prime Minister Petr Fiala has signed up to EU sanctions against Russia and taken a tough stance over the invasion of Ukraine.

☆ Prague bourse warns govt about rattling markets the way UK did
▼ + stars: | 2022-10-21 | by ( ) www.reuters.com time to read: +2 min

PRAGUE, Oct 21 (Reuters) - Czech politicians should avoid rattling markets the way Britain has recently, as the country discusses plans for a windfall tax, the Prague Stock Exchange's chief said on Friday, after comments from ruling party members this week sent stocks tumbling. The Czech government has been discussing imposing a windfall tax on excessive profits in the energy and banking sectors since the summer, which has weighed on markets. "Trust is the fundamental value that every capital market aims for in its investors," Prague Stock Exchange chairman Petr Koblic wrote in a commentary in financial daily Hospodarske Noviny. The Czech government is putting a windfall tax in place to fund measures such as a cap on electricity prices, aimed at easing the impact of Europe's energy crisis on its citizens. Czech Finance Minister Zbynek Stanjura said late on Wednesday the government was still "leaning" towards applying it from 2023.

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