Free Republic

Andrej Babiš has said there is ‘no way’ the Czech Republic will agree to Brussels’ demand that the nation accept a quota of migrants from the third world. Speaking in the country’s parliament on Thursday, the recently elected Czech Prime Minister slammed the European Union’s (EU) mandatory quota scheme as “ineffective” and divisive. “It is certain that we will not accept anyone, and we are fundamentally against anyone dictating to us who should live and work in our country,” local media reported him saying. “We consider it absurd that the European Commission sues us for something that is nonsense,” Babiš...

Warsaw. (Interfax-Europe) - Top Polish fuel firm PKN Orlen signed a contract with the Czech National Property Fund (FNM) to buy a 63% stake in Unipetrol, the biggest Czech downstream oil firm, for EUR 417 mln, Orlen said in a market statement on Friday. The Polish fuel firm promised to pay CZK 13.05 bln (EUR 417 mln) for Unipetrol, 9.76% of its subsidiary Spolana and receivables owed to some of the companies in the Unipetrol group. However, the agreement allows the buyer to adjust the price after an audit, down by as much as 25% and up by as much...