The Czech Foreign Ministry today called on Russian diplomats to step down over their country’s invasion of Ukraine in order not to become complicit in the “revealing catastrophe” of a sovereign state. “Colleagues, we call on those of you who have a conscience and who retain the ability to recognize evil: get out of this […]
Tag: Czech Republic
Czech Republic: The key interest rate at the highest level since 2001
The Czech National Bank raised its key interest rate by 50 basis points to its highest level since 2001 on Thursday and said it was ready to tighten its policy further to keep inflation expectations steady as the war in Ukraine pushes prices higher. The central bank board voted 5-2 to raise the two-week CZCBIR […]
Visegrad Summit canceled – Prague and Warsaw ‘turn their backs’ on Budapest
A meeting of Visegrad’s group scheduled for Wednesday in Budapest has been canceled following a decision by the Polish and Czech defense ministers not to attend because of Hungary’s ties to the Kremlin. “A meeting of the defense ministers of the so-called V4 group will take place at a later date,” the Hungarian defense ministry […]
Poland and the Czech Republic abstain from the Budapest Summit on Ukraine
The defense ministers of Poland and the Czech Republic will not attend a meeting in Budapest of the Visegrad Group (V4) today due to Hungary’s ties with the Kremlin, officials said. Polish Minister Marius Blazak “will not go” to Budapest, it was announced today in the French Agency by his press office, without further clarification. […]
Czechs to take care of Ukraine ‘wives and children’, PM says
Czech Prime Minister Petr Fiala has said his country will take care of “wives and children” fleeing Russia’s invasion of Ukraine, which has led some 3 million Ukrainians to seek refuge in the eastern part of the EU. Fiala, who traveled to Kyiv earlier this week with his Polish and Slovenian counterparts to meet with […]
Czech Republic: Inflation at 11.1%, the highest level since 1998
Inflation in the Czech Republic in February exceeded 11% for the first time since mid-1998, according to the statistical office, increasing pressure on the central bank will tighten policy further as energy prices and growth concerns rise. Central banks in central Europe have already raised interest rates sharply since last year as inflation rises, and […]
Czech Republic: President Zeman to award highest state honor to Zelensky
Czech President Milos Zeman, who has long sympathized with Moscow, said yesterday that he would award the highest state honor to Ukrainian President Volodymyr Zelensky for his bravery and courage in dealing with the Russian invasion. Zeman has backed closer ties with Russia since taking office in 2013, but described Russian President Vladimir Putin as […]
Market intervention by the central banks of the Czech Republic and Poland
The Czech central bank followed its Polish counterpart and intervened in the market to strengthen its currency as Central European policymakers sought to support markets in the wake of post-Russian invasion of Ukraine. The Polish central bank coordinated its intervention with the Czech, a source told Reuters. The Czech bank had earlier said it was […]
N. Dendias will meet with his Czech counterpart tomorrow
Foreign Minister Nikos Dendias will meet with his Czech counterpart Jan Lipavský tomorrow, Thursday, March 3, in Athens. The two foreign ministers will have a private meeting at around 12:00, which will be followed by extended talks. Talks between the two ministers are expected to focus on bilateral relations and the situation in Ukraine following […]
Czech Republic: Prague stops issuing visas to Russian citizens
The Czech Republic will stop issuing visas to Russian citizens, the Czech Prime Minister announced today, after the Russian attack on Ukraine. “We are suspending the processing of visa applications by Russian citizens in all our diplomatic missions, except in the case of humanitarian affairs,” Petr Fiala told a news conference, announcing the closure of […]