Czech news in brief for May 2: Saturday's top afternoon headlines

The ongoing war in Iran could bring another economic shock to Czechia through higher energy prices, disrupted supply chains, and rising inflation, economists warn. Petrol prices have already risen by more than CZK 8 per liter since late February, while diesel is up by CZK 10. Analysts expect inflation could climb toward 3 percent and economic growth slow to around 1.5 percent if the conflict continues, with risks including weaker consumption and possible currency pressure.

Czech Prime Minister Andrej Babiš has appointed former ambassador to NATO Jakub Landovský as the government’s coordinator for meeting alliance defence commitments. The role will focus on ensuring Czechia reaches NATO spending targets, including at least 2 percent of GDP on defense. The move comes amid political disputes over how defence spending is calculated and whether current targets are being met.

The world’s most valuable postage stamp, the One-Cent Magenta from 1856, will be displayed in Prague for the first time this summer at the Obecní dům, organizers said. Valued at more than CZK 250 million, the unique British Guiana stamp is part of an exhibition of rare philatelic items, including the US “Inverted Jenny.” The total value of exhibits is close to one billion crowns.

Police are searching for a 21-year-old inmate who escaped from Jiřice prison near Nymburk on Friday afternoon. Investigators say Samuel Šťuka likely dug under the facility fence and fled around 1:30 p.m. A large search operation, including a helicopter with thermal imaging, is underway. Authorities say he may have changed out of prison clothing and warned the public not to approach him.

Czech pensioners over 80 could receive automatic pension increases every five years under a proposed government reform. Starting next year, pensions would rise by CZK 500 at ages 80, 85, 90, and 95, with an extra CZK 1,000 at age 100. The draft also proposes restoring stronger annual pension growth from 2028 and increasing benefits for retirees who keep working. The changes would raise long-term pension spending significantly.