Czech Republic

Czech Republic delays Lisbon Treaty vote until February 3

Czech Republic delays Lisbon Treaty vote until February 3 Prague  - The Czech parliament's lower house Tuesday adjourned a session on the European Union's reform treaty until February 3 in a bid to postpone the vote on the pact.

The 200-seat house adjourned the session in a 159-8 vote, requested by the party of Czech Prime Minister Mirek Topolanek.

Topolanek's centre-right Civic Democrats want to barter their support for the Lisbon Treaty in exchange for opposition votes for a US plan to place a missile defence installation on Czech soil.

Czech premier's party urges Lisbon Treaty vote next year

Czech, PraguePrague- Czech Prime Minister Mirek Topolanek said his party's lawmakers were not ready to vote on the European Union's Reform Treaty on Tuesday and asked to delay the vote until early next year after his country's EU presidency starts on January 1.

The leader of the party's lawmakers, Petr Tluchor, warned that if the chamber enforced the vote on Tuesday, the treaty would be likely spiked as the party lacks enough votes in its favour.

The Czech Republic is the last member state to vote on the treaty, also known as the Lisbon Treaty, which has been stalled since Irish voters rejected it in June.

Czechs record first 2008 trade deficit amid slowing economy

Czech Republic FlagPrague - The Czech Republic recorded a foreign trade deficit of 3.95 billion koruny (200 million dollars) in October, the first gap in 2008, as exports fell significantly amid the global financial crisis, preliminary government data showed Monday.

The October trade balance was 12.1 billion koruny lower compared to the same period last year, the worst negative year-on-year change since 1994, the Czech Statistical Office said.

The statisticians said that exports dropped 10.7 per cent in October year-on-year, the biggest drop in nearly 10 years, while October imports were down 5.9 per cent annually.

Czech Republic's inflation slowed to 4.4 per cent in November

Czech Republic MapPrague - The Czech Republic's inflation slowed down in November to 4.4 per cent, lowest in a year, as the country braced for a fallout of the global financial crisis, government data showed Monday.

The November annual inflation rate dropped significantly from 6 per cent recorded in October chiefly owing to a lower rise in food and transport prices, the Czech Statistical Office said.

Consumer prices fell 0.5 per month-on-month as fuel prices kept falling for the fifth month. Falling inflation enables the central bank to further slash the country's borrowing costs.

Czech premier wins party leadership battle

Prague  - Czech Prime Minister Mirek Topolanek successfully defended place in his party's top post Sunday, a sign of continuity for the European Union as the Czech Republic prepares to chair the bl

Czech president cuts ties with premier's party before EU presidency

Czech, PraguePrague - Czech President Vaclav Klaus Saturday cut ties with the Civic Democratic Party (ODS) of Prime Minister Mirek Topolanek on the eve of the Czech Republic's EU presidency and a half year before European Parliament elections.

Speaking at a key party congress, Klaus said he "definitively" yielded honorary chairmanship of the party he founded nearly 18 years ago because he could not identify with the policies of its current leadership.

"I know for sure that these are not the policies with which I founded and led the ODS for many years," he told the shocked delegates.

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