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In this week's Economics Report, we take a look at Prime Minister Vladimir Spidla's remarks regarding the Czech banking sector and his proposal that the banks should do more to support the government's economic policy. We talk to an economic analyst to get some feedback on why this is unlikely to happen. Also, a review of the latest economic headlines which are making news in the Czech Republic. More
Business NewsUnemployment continues growing
The Czech unemployment rate has been growing for three months and reached 9.4 percent in August. In July, unemployment stood at 9.2 percent. Analysts say the situation has worsened due to inflow of fresh school graduates to the labour market.
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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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