Given the fact that no candidate for the Lower House’s speaker was proposed, its election will not be held today as previously planned. Separately, the President entered the post-election negotiations for the first time inviting the leader of the Greens, Christian Democrats and the Communists (for the first time ever) for talks. Talks with leader of ODS and CSSD are scheduled for today. The President mentioned to the Green’s leader that with the time passing a solution to the current deadlock involving the centre-right coalition partners is getting more difficult.
Our view: We believe that eventually an agreement between the two largest parties ODS and CSSD will be made, which has been already proposed by the CSSD. Otherwise early elections would seem the likely alternative. An agreement for the coalition would certainly be positive for CEZ given the both parties support for extension of the mining limits and nuclear capacities blocked by the Greens.