The number of dollar millionaires in the Czech Republic has increased to
28,140, which is an increase of nearly 11 per cent on the previous year,
according to figures released by the consultancy Capgemini on Monday.
The combined wealth of Czech dollar millionaires increased by 13 per cent over the past year, to 68.5 billion US dollars. Among the main factors behind the growing number of wealthy Czechs is the country’s increasing GDP and growing real estate prices as well as the strengthening of local investment markets.
The Communist Party will support the newly-appointed government of ANO and
the Social Democrats at its upcoming vote of confidence on Wednesday, the
Czech News Agency reported on Monday, citing the pre-negotiated tolerance
agreement between the Communists and the ANO Party.
The leaders of the Communist Party and ANO, Vojtěch Filip and Andrej Babiš, are set to sign the tolerance agreement on Tuesday. The Communist Party linked its support to a number of conditions, including a minimum wage hike and support for a law taxing Church restitutions
More than 40 bands from all over the world are set to perform at the 16th
annual Masters of Rock festival, which gets underway in Vizovice in south
Moravia on Thursday.
Among the main headliners of this year’s edition of Masters of Rock will be the German speed metal legend Helloween and metal group Powerwolf. The festival, which attracts around 25,000 visitors each year, will wrap up on Sunday with a performance by Kiss frontman Gene Simmons.
The flow of illegal migrants to Germany through the Czech Republic has
dropped since March, Interior Minister Jan Hamáček (Social Democrats)
told the Czech News Agency, following a weekend meeting between German and
Czech police officials.
Hamáček, who is currently also acting as the Czech foreign minister, credited increased cooperation between the countries’ police forces for stemming the tide. He did not provide specific figures. But his overall assessment contradicted that of Bavarian Interior Minister Joachim Herrmann, who said the traffic was on the rise and has called for the Schengen border between Slovenia and Croatia to be protected by its own Frontex mission.
Most illegal migrants travelling on the so-called Balkan Route pass through Slovenia and Austria before arriving in Germany.
The Czech external trade balance in goods ended in a surplus of 6.9 billion
crowns in May, down 8.2 billion crowns in annual terms, according to
preliminary data published by the Czech Statistical Office on Monday.
Year−on−year, the total balance was unfavourably influenced mainly by a decrease of surplus in 'motor vehicles' and a larger deficit in 'coke and refined petroleum products', 'other transport equipment' and 'chemicals and chemical products'. A lower deficit in 'computer, electronic and optical products' had the main positive effect on the total trade balance.
From January to May, the trade balance surplus reached 80.9 billion crowns, a decrease of 13.2 billion crowns in annual terms. From the start of 2018, exports decreased by 2.6% year-on-year and imports increased by 0.6%.
Cardinal Dominik Duka, the archbishop of Prague, has called the incoming
ANO-Social Democrat coalition government’s plans to tax restituted church
property "scandalous" and pledged to sue in court to prevent it
Under a 2012 agreement on compensating churches for property seized by the Communists, over a period of 30 years the churches would receive 75 billion crowns worth of land and property and nearly 60 billion crowns in compensation.
The Communists have conditioned their support for the minority coalition government of Prime Minister Andrei Babiš, which faces a confidence vote on July 11, on its support for the tax.
Prime Minister Andrej Babiš has said his centrist ANO party and the
centre-left Social Democrats plan to sign a coalition agreement on Tuesday,
and the Communists will sign a separate agreement the same day to tolerate
his minority government.
Mr Babiš will hold a confidence vote on Wednesday. ANO and the Social Democrats have only 93 seats in the 200-member lower house of Parliament and so will need the support of the Communists to win the vote.
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