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In Business News: The government debt has reached almost 40 percent of the
GDP; unemployment in January rose to 9.1 percent; the Czech state loses an
estimated 25 to 30 billion crowns every a year on account of tax evasion;
union representatives have rejected a 2.5 percent salary bump offered by
car manufacturer Škoda Auto; the sale of winter clothing and apparel –
including winter wear for dogs – has jumped markedly in the cold snap. More
Business NewsBusiness News
The Czech Republic got 31 billion more than it gave from the EU in 2011;
15.6 billion may have to be returned to the EU due to errors in subsidies
use; petrol prices continue to reach new records; banks plan to open dozens
of new branches in 2012; Social Democrats propose bills to decrease
household indebtedness. More
Current AffairsSurvey finds garbage, graffiti and poor system of cycling routes negatively impact Prague life quality
Air quality, the unemployment rate and the cost of public transportation
– many factors influence the perceived quality of life in urban spaces. A
fresh survey suggests that there is much left to improve when it comes to
the quality of life in the Czech capital, with the most-cited nuisances of
Prague residents being garbage and graffiti. By contrast, public
transportation is viewed as adequate and fairly priced by most. More
Business NewsBusiness News
In today’s business news: Consumer prices have risen by 4.7 percent
following a VAT hike, the American Anheuser-Bush purchases the
Budějovický měšťanský brewery in hopes of improving its chances in an
ongoing trademark dispute, public health insurer VZP may see a budget
deficit of up to three billion Czech crowns in 2012, regular and diesel
fuel reach record prices, and the forecast for the Czech construction
sector for 2012 is the worst among the Visegrad Four. More
Current AffairsRise in unemployment especially problematic for graduates and unemployed persons over 50
More than 500,000 Czechs are currently out of work, with the rate of
unemployment growing from 8 percent in November of last year to 8.6 percent
in December. While a jump in unemployment figures is not unusual for this
season, experts warn that the growing number of persons aged 50 and over
who find themselves out of a job and with little chance of getting hired
poses a serious long-term problem for the economy. Former finance minister
and Raiffeisenbank’s chief economist Pavel Mertlík speaks about expected
labor market developments for 2012. More
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