Morning News: Wednesday, October 12, 2022

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  • The heads of state of the four Central European countries belonging to the Visegrad Group are holding a summit in the Slovak capital Bratislava. Czech President Milos Zeman and his V4 counterparts are discussing the war in Ukraine, the global security situation and the energy crisis.


  • Labour Minister Marian Jurečka will submit to the government a proposal to raise the minimum wage from January. Minister’s proposal the minimum wage should correspond to 41 percent of the average wage in Czechia. According to current data, it would amount to around CZK 350. The minimum wage is now CZK 16,200.

  • Czechia has no plans to withdraw its diplomats from Ukraine or temporarily close its diplomatic mission in Kyiv, in connection with the bombings of Ukrainian cities, Czech Foreign Minister Jan Lipavský said in a statement for the Ukrainian news agency.


  • On Tuesday morning, shares of Czech energy group ČEZ fell nearly 7% on the Prague Stock Exchange, continuing a recent downward trend. The more significant drop started last week when the government announced the specific form of the so-called windfall tax, or windfall profits tax, which also applies to energy companies.


  • Czech President Milos Zeman will hold a round-table debate on energy issues at the presidential summer residence at Lany near Prague next Thursday, Presidential Office head Vratislav Mynar has told CTK.

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