Czech banking stocks tumbled after billionaire Prime Minister Andrej Babis said he’s willing to discuss new taxes on selected industries, a measure embraced by other eastern European Union states that he once opposed.
Following the introduction of industry-specific levies by regional peers including Poland, Slovakia and Hungary, Babis’s ruling coalition could debate introducing them on lenders and telecommunications companies, according to Czech Television. The discussions could start as early as Monday.
The Prague-based PX Index fell the most among global stock benchmarks on April 29, led down by Komercni Banka AS. Austria’s Erste Group Bank AG and Raiffeisen Bank International ...
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