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Current AffairsLandlords, lawyers say big room for legal improvements as rent deregulation landmark looms
The Czech Republic’s slow and painful steps from regulation to market
regarding for rented flats will take a big step forward at the start of
next year when rent controls end for around 450,000 apartments. Last week
the government proposed accompanying laws rebalancing the relationship
between landlords and tenants. But the former say these don’t go far
enough, and experts are warning that the courts could be swamped by tens of
thousands of cases over rent levels. More
Business NewsBusiness News
In this week’s Business News: World Bank releases upbeat growth forecast;
deal nears on refloating Czech shipyard; ministry seeks to raise real
estate taxes; new law for landlords and tenants ahead of expected New Year
clash; and charter flight marriage smacks of shotgun wedding. More
Current AffairsSenate approves government’s austerity bills
The Czech Senate met for the final session in its present formation on
Friday with one all-important item on the agenda: approving the
government’s austerity measures before the Civic Democrats lose their
majority in the wake of recent elections for one third of the seats in the
upper house. The opposition Social Democrats say the fast-tracked vote was
unconstitutional, while a group of protesters briefly held up proceedings
by blocking the Senate’s entrance. More
Current AffairsCzech trade unions call one-day strike against cuts in public sector salaries
Czech trades unions have called a one-day strike next month in protest
against a government plan to cut the salaries of public sector employees.
Over half a million people are expected to take part in the strike, the
biggest such protest since the fall of communism. For its part, the Czech
government has reiterated a pledge not to back down. More
Talking PointNational Gallery’s Milan Knížák warns budget cuts will force gallery to opt for drastic solution: to shut down in winter months
Prague’s National Gallery, one of the country’s most respected cultural
institutions which includes a number of venues including Veletržní
palace, has, along with other state-funded organisations, been told by the
austerity government to save 15 percent of its budget next year. The cuts,
following the earlier financial crisis, are expected to hit the gallery
hard. While some steps have already been taken – a reduction in the
number of exhibitions, a cutting back on acquisitions, a lowering of the
number of staff – it is not likely to be enough. As a result, this week
gallery head Milan Knížák warned of a more drastic solution if
additional funds aren’t found. More
Business NewsBusiness News
In this week’s Business News: forecasts concur on higher growth this year
but lower next; steel giants agree peace deal; public finances give out
mixed signals; Agrofert arbitration claim suffers setback; and flying the
flag for Czech food and drink. More
Business NewsBusiness News
In this week’s Business News: Brewers look to price rises in spite of
consumption slump; Prima to hike ad charges by 10 percent; Škoda Auto
doubles profits on record car sales; banks step up home auctions for
mortgage defaulters; and biomass highlighted as next renewable power
problem. More
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