On 18 July, the Czech centre-right coalition government won another vote of confidence in the 200-seat lower house of parliament, the fourth since taking power in 2010. The no-confidence motion, which was called by the opposition Social Democratic party, fell 12 votes short of the 101 needed to dismiss the government. The vote was held amid corruption allegations surrounding Finance Minister Miroslav Kalousek, after investigators of a military procurement deal concluded that the transaction was overpriced. The government had already survived another confidence vote only three months ago, after the three-party coalition, composed of the right-wing Civic Democratic Party (ODS), the Tradition Responsibility Prosperity 09 Party (TOP 09), and the Public Affairs Party (VV) decided to terminate their partnership. Although the country has again avoided a crisis of governance, the government now commands a slim majority in parliament, relying on votes by VV's rebel faction. Against this backdrop, analysts suggest that support for the government remains fragile and opposition to further austerity measures is rising, even among deputies from the ruling coalition, jeopardising the implementation of the budget cuts.
Czech Republic Other
Government survives fourth confidence vote in less than two years
July 18, 2012
Looking for forecasts related to Other in Czech Republic? Download a sample report now.
Czech Republic Economic News
October 24, 2016
The economic sentiment indicator published by the Czech Statistics Office (CSO) rose from September’s 97.1 points to 97.5 points in October, marking a nine-month high.
October 10, 2016
In September, consumer prices fell 0.2% from the previous month, matching August’s reading.
October 7, 2016
Industrial production grew 13.1% year-on-year in August, which sharply contrasted the 14.1% fall registered in July and was the best result since May 2011.
October 3, 2016
The manufacturing Purchasing Managers’ Index (PMI) produced by IHS Markit rose from August’s 50.1 to a four-month high of 52.0 in September.
September 29, 2016
At its meeting on 29 September, the Czech National Bank (CNB) decided to leave the two-week repo rate unchanged at its so-called “technical zero” of 0.05%.