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In Business News this week: the budget deficit is significantly lower than predicted; the prime minister signals an end to state support for building savings; the euro could be adopted as late as 2019, says the governor of the central bank; almost half the foreigners working in the Czech Republic would like to leave, citing trouble finding employment corresponding to their qualifications; and after years of growth, the number of mobile phone text messages sent on New Year’s Eve fell slightly. More

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There is no love lost between Czech President Václav Klaus and Prime Minister Mirek Topolánek, but at their traditional New Year’s lunch on Wednesday they put their differences aside and showed journalists a united front. Political analysts perceive this show of mutual support as an indication that the Civic Democrats are prepared to go to great lengths to secure President Klaus’ re-election in the February presidential elections.  More

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