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Government approves a tax reform to raise extra money to finance repairs of
flood damage. GDP growth slows down while unemployment continues growing and
inflation remains extremely low. In this week's edition of Economics Report,
we have an analyst comment on the latest economic developments.
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Business NewsFlextronics to leave Czech Republic
Over the past few years, the Czech Republic has attracted an enormous volume of foreign direct investment due to a combination of factors - cheap and skilled labour, ideal geographic location for supplying European markets, and generous investment incentive schemes.
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Current AffairsBrno expects a wave of lay-offs
The Czech Republic's second largest city, Brno, is preparing for massive redundancies at several local companies. Although the lay-offs are expected to cost thousands of jobs in a city of half a million people, the local authorities say they they will have little chance of finding new jobs unless a new strategic investor arrives. Vladimir Tax has more.
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Business NewsUnemployment rises to 8.7 percent in June
The Czech unemployment rate in June rose to 8.7 percent after it stagnated in May after a series of declines in the previous four months down to 8.6 percent.
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Business NewsUnemployment keeps falling
The Czech unemployment rate in May decreased to 8.6 percent from 8.8 the previous month.
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Business NewsUnemployment drops to 8.8 pct
The Czech unemployment rate decreased to 8.8 percent in April from 9.1 percent in March. In April 2001, unemployment stood at 8.3 percent. The development is in line with expectations of economic analysts.
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Business NewsUnemployment in March: slight decrease
Unemployment in the Czech Republic decreased in March to 9.1 percent from 9.3 percent in February. In March 2001, the unemployment rate stood at 8.7 percent. According to the Ministry of Labour and Social Affairs, there are now 471,000 jobless people in the country.
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