Related articles
Current AffairsNo agreement yet by coalition on new VAT rate or spending cuts
A meeting between government coalition leaders on Monday failed to produce
conclusive results on how the government will offset falling tax revenues.
But two variants, narrowed down, are on the table: to introduce new
spending cuts at most government ministries as well as in some social
benefits to bring the public finance deficit down to 3.5 percent of GDP in
2012. Or, alternatively, to raise the VAT to a uniform 19 percent (with
minimal exemptions on books, medicines, newspapers & magazines). More
Business NewsBusiness News
In today’s business news: The European Commission launches an antitrust
investigation into the Czech energy giant ČEZ, self-employed individuals
may be among those who profit from an overhaul of the Czech pension system,
a new law eliminates advertising on two public TV channels, Czech tennis
star Petra Kvitová’s marketing potential receives a significant boost
due to her Wimbledon victory, the regional brewery Svijany posts record
profits in 2010 and Czechs pay up to 20 percent more for mobile phone
services than clients in neighboring countries. More
Current AffairsNATO chief slams Czechs over reduced military spending
NATO Secretary General Anders Fogh Rasmussen has criticized the Czech
government for reduced military spending. According to media reports, the
NATO chief sent Prime Minister Petr Nečas a letter warning that his
government might not be able to fulfil its commitments to the alliance
should these cuts continue in the coming years. More
+1
+10
