Defense ministry scraps 25 billion crown armored vehicle deal
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The Ministry of Defense has canceled an order for armored vehicles worth 25 billion crowns, a decision met with immediate scrutiny over the state of national military spending. The move comes as the government refuses to guarantee certain European funds, though it still hopes to use them to buy aircraft for Ukraine.
Parliament is spending its Tuesday debating a motion of no confidence in the government of Andrej Babiš. While the opposition has the floor, it likely lacks the votes; the coalition is expected to survive the day. Elsewhere, police are investigating a former health insurance official who allegedly spent his time depositing 26 million crowns into various cash machines.
Financial disclosures show Mr. Babiš’s own SynBiol group recorded a loss of nearly half a billion crowns last year despite rising revenues. For the public, at least, there is some relief: diesel prices have begun to fall following the introduction of government price regulations.