CZECHIA: Babiš Says New Gov't May Not Be In Place Until December
Oct-16 07:50
- The police have launched an investigation into offensive social media posts by Filip Turek of the Motorists for Themselves (AUTO) party, who up until recently was a leading candidate to become the next Foreign Minister. Meanwhile, President Petr Pavel called on presumptive PM candidate Andrej Babiš to think twice whether he would like to risk a 'major embarrassment' by appointing Turek to a Cabinet position, while almost half of respondents in an NMS survey said that Turek should quit politics and two-thirds were against him becoming chief diplomat. Babiš's ANO continues coalition talks with the SPD and Motorists, but the scandal has thrown sand in their gears. In a latest update on his Facebook page, Babiš said that the new government may not be in place until December.
- In the same recording, Babiš urged President Petr Pavel to intervene after outgoing Finance Minister Zbyněk Stanjura refused to re-submit the 2026 draft budget to the Chamber of Deputies, calling it a 'pointless exercise'. The government submitted its draft fiscal plan by the September 31 deadline, but the subsequent dissolution of parliament terminated the bill. Parliamentary election front-runners ANO pledged to revise the budget and substantially increase the deficit target.
- Czechia's industrial PPI, one of the bellwethers of inflationary pressures in the economy, cooled to -1.0% Y/Y in September from -0.8% prior. Agricultural producer prices rose by 7.1% Y/Y, construction work prices were up by 3.0% Y/Y and service producer prices increased by 4.5% Y/Y.
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