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Two Czech ministers have clashed over how the government should support the country’s exports. Foreign Minister Karel Schwarzenberg, whose office has put a lot of effort into promoting Czech businesses abroad, dismissed a new export strategy designed by the Industry and Trade Ministry. In spite of the squabbles, however, the government’s support for exporters is bearing fruit: Czech exports have reached record levels and are a major driving force behind the Czech economic recovery. More

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NewsForeign minister says refusing to join EU’s fiscal pact was bad decision

Current AffairsCzech Republic and Britain alone withhold signatures from EU treaty

Twenty-five of 27 EU member states signed the European Union’s new fiscal compact in Brussels on Friday - but the Czechs were not among them. Prime Minister Petr Nečas together with British Prime Minister David Cameron have opted not to support the treaty, which is aimed at enforcing budget discipline in the union and prevent meltdowns within the eurozone as was seen with Greece. More

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