Czech PM-designate Jiri Rusnok has chosen former Prime Minister Jan Fischer to be Finance Minister and deputy Prime Minister in his caretaker government, CTK news agency reported. Fischer is a 62-year old economist, who led a technocratic caretaker cabinet in 2009-2010. He ran for the presidential elections earlier this year. Fischer said he would aim to restore economic growth rather than focusing on austerity.
Czech President Milos Zeman appointed on June 25 Rusnok to form an interim cabinet to replace the centre-right coalition government of Petr Necas who resigned last month in the wake of a bribery and spying scandal. The President is expected to appoint the new cabinet on Wednesday (July 10). Rusnok’s government will have to win a vote of confidence in parliament to rule until scheduled general elections in May 2014 but no party has so far announced it will support it.
Moscow-based development bank International Investment Bank (IIB) has priced its denominated private placement transaction with three-year floating rate notes in koruna of CZK501mn, the bank said in ... more
International steel and mining company ArcelorMittal said on April 13 it has proposed a divestment package to the European Commission in a bid to obtain approval for its planned acquisition of ... more
Finland has issued a second and final permit for the construction of the controversial Nord Stream II pipeline that is to pump gas from Russia directly to Germany via a Baltic Sea route, the Regional ... more