Morning News: Thursday, November 3, 2022

  • Global credit ratings agency Moody’s has downgraded its outlook for banks in Czechia, as well as in Germany, Italy, Hungary, Poland and Slovakia, from “stable” to “negative”, Reuters reported on Wednesday.


  • From January 1, 2023, Czechia will close its Embassy in Kabul, Afghanistan. The Czech News Agency reported on Wednesday stating that the decision was made by Foreign Minister Jan Lipavský.


  • Senator Miloš Vystrčil from the Civic Democratic Party was re-elected as speaker of the Czech upper-house of Parliament on Wednesday after receiving 73 out of 80 votes in a secret ballot.


  • The Czech Republic will from now on present itself as “Czechia” for the purposes of international sports, according to a decision by the executive committee of the Czech Olympic Committee (COV) yesterday.


  • The domestic economy grew by 1.6 percent year-on-year in the third quarter of this year. In contrast, gross domestic product (GDP) fell by 0.4 percent compared to the previous quarter. Economists say the Czech Republic is entering a recession.

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