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Industrial production figures met with disappointment; President Klaus
expected to rename Tuma as CNB governor; Securities commission places Sati
brokerage under forced administration; Kiekert of Germany to invest $26m in
auto plant; Ranks of the unemployed swell, number of entrepreneurs down;
Czech Rep shows world's fourth-highest growth in high-speed Internet
connections.
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2005 budget approved at deficit of over 80bn crowns; Current account
deficit up in October; Electricity and gas markets set to liberalise; Orco
Property group to list shares on Prague bourse; Subsistence level
allocation raised; cuts in welfare still planned
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Current AffairsState budget for 2005 approved
The Lower House of Parliament on Wednesday approved the state budget for
2005. It envisages a deficit of over 80 billion Czech crowns (2,700
million euros), a figure which just falls short of the EU requirement that
the gap in spending should not exceed 3% of GDP.
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Current AffairsLow dollar generally favourable to Czech economy
From an all time high of 42 CZK in 1997, the value of the US dollar against
the Czech crown has been plummeting in the last year or so. The mighty
greenback is now only worth around 23 CZK.
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OECD raises estimate of Czech GDP growth; Skoda Praha signs $95m deal with
Mexico's Genermex; Parliament considers land appropriation bill; Ernst
& Young names 'Entrepreneur of the Year'; Pirated software down in the
CR
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