{"id":2009202,"date":"2023-08-23T11:39:02","date_gmt":"2023-08-23T15:39:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/czechs-to-seek-lower-loan-from-eu-recovery-fund\/"},"modified":"2023-08-23T11:40:55","modified_gmt":"2023-08-23T15:40:55","slug":"czechs-to-seek-lower-loan-from-eu-recovery-fund","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/czechs-to-seek-lower-loan-from-eu-recovery-fund\/","title":{"rendered":"Czechs aim for reduced EU recovery fund loan."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fczechs-to-seek-lower-loan-from-eu-recovery-fund%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2009202&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<p><h2>Government of Czech\u200b Republic to Scale Back EU Loan for COVID \u200bRecovery<\/h2>\n<\/p>\n<p>The \u2063Czech government has announced that \u200dit will reduce its planned loan from the European\u2063 Union&#8217;s post-COVID recovery fund.\u200b Initially, \u2064the loan was \u200dset at 137 billion crowns,\u200b but it \u200bwill now \u200bbe <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/economists-push-for-another-round-of-stimulus-checks\/\" title=\"Economists Push for Another Round of Stimulus Checks\">scaled back<\/a> to 19.4 billion crowns, according to\u200c Industry \u200cMinister Jozef Sikela.\u2062 The decision was\u2062 made after consultations with the European Commission, which determined that some of the necessary funding could be obtained through other channels.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>The decision\u2062 to reduce the loan amount comes\u200d after criticism from non-government economists who \u2063argued\u200d that it would increase debt and deficits\u200b in the coming years. The government is already <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/treasury-secy-yellen-gop-senators-discuss-economic-crisis\/\" title=\"Treasury Secy. Yellen, GOP senators discuss economic crisis\">proposing tax hikes<\/a> and \u2064spending cuts to address the budget gap. \u200b <\/p>\n<p>The loan will be sourced from the EU&#8217;s Recovery and Resilience Facility (RRF), in addition to the grants already provided. The government aims to secure an \u200cadditional 33.4 billion crowns in\u2064 grants.<\/p>\n<p>Industry Minister Jozef Sikela explained,\u2062 &#8220;The\u2064 lowering \u200cfollows consultations\u200d with \u200dthe European Commission \u200dwhich clearly showed that some type of projects\u200b will better be financed from the state\u200d budget or, such\u200d as in transportation projects, through loans from \u2063the European Investment Bank.&#8221;<\/p>\n<p>The loan\u2062 will\u200c be\u2063 utilized\u2062 for projects \u2062related\u200b to digitalization, development \u2064of computer chips, \u200dand\u2062 affordable housing.<\/p>\n<p>(1 euro\u200d = 24.0769\u200d Czech crowns)<\/p>\n<\/p>\n<p>  \u200d (Reporting by Jan Lopatka; Editing by Bernadette Baum)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/czechs-to-seek-lower\/attachment\/file-photo-eu-energy-ministers-discuss-measures-to-rein-in\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h3>Other News:<\/h3>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>BRICS could be\u2064 America&#8217;s Legion of Doom,\u200b John Eastman turns himself in and \u200dDo Not Comply \u2064when \u200dfaced with mandates.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Former\u200d President Donald\u2064 Trump is skipping the first Republican\u200b presidential primary Wednesday evening. Arizona gubernatorial candidate Kari Lake hailed Trump for the decision, saying\u200d the race is \u2062already over. One America&#8217;s <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>The president has returned to his vacation after visiting \u2063Maui on \u200bMonday, two \u200bweeks following the deadly wildfire\u200b that has officially claimed the lives of at least \u200d115 \u2063people, including children.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Dr. Mandy Cohen is the \u200dnew CDC director after\u200c being the secretary \u2062of North Carolina&#8217;s Department of Health and\u200c Human Services. <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By\u200d Yuvraj Malik (Reuters) -Grab Holdings\u2062 forecast \u200ba \u200d<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/scientists-solve-the-genetic-puzzle-of-sex-related-y-chromosome\/\" title=\"Scientists crack the genetic code of the Y chromosome, unraveling the mystery of sex determination.\">smaller operating loss<\/a> for the \u200dcurrent year and pulled forward its profitability timeline \u2064on\u2026 \u2063 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>(Reuters) -Signups \u2062for Netflix in\u2064 the United States remain \u2063elevated despite a fall from June&#8217;s\u200c record high after the\u200c <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/czechs-to-seek-lower-loan-from-eu-recovery-fund\/\" title=\"Czechs aim for reduced EU recovery fund loan.\">video-streaming pioneer&#8217;<\/a>s\u200c crackdown\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>(Reuters) -Nvidia\u2063 shares\u200c rose\u2063 0.5% on Wednesday on growing expectations that the chip designer will deliver another \u2064strong outlook and boost\u2062 markets\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Sam Tobin LONDON (Reuters) \u200d-A teenage\u200b member of the Lapsus$ \u2063hacking group was \u200don Wednesday found by\u200d a London \u2063jury to\u2026 <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>PRAGUE (Reuters) &#8211; The Czech government will reduce its loan from the EU&#8217;s post-COVID recovery fund to 19.4 billion crowns (805.75 million euros), down from the initial plan of 137 billion crowns, according to Industry Minister Jozef Sikela. The decision was made in consultation with the European Commission, which found some projects unnecessary.<\/p>\n","protected":false},"author":66,"featured_media":2009203,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-2009202","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2009202","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2009202"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2009202\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2009203"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2009202"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2009202"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2009202"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}