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Business NewsBusiness News
In Business News this week: the government approves a far-reaching fiscal
consolidation plan to reduce the state budget deficit, a drop in deliveries
of Russian crude oil to the Czech Republic triggers speculation of a plan
to up the price and Škoda Auto posts record sales. More
Current AffairsBusiness analyst: government’s austerity plans should not undercut growth
The government on Wednesday approved far-reaching austerity plans to
gradually lower the gap in public finances to well below 3 percent of the
GDP. The strategy combines savings and tax hikes that are expected to
impact all strata of society. Radio Prague asked business analyst David
Marek whether such extensive austerity measures were called for and who
would bear the brunt of the fiscal reform. More
Current AffairsGovernment reaffirms commitment to extensive fiscal reforms
The centre-right Czech government weathered the latest in a series of
crises on Tuesday, putting aside its differences in the interest of what
the prime minister called its sole raison d’être – putting the
country’s finances in order. The three parties reaffirmed their
commitment to implementing budget savings and tax hikes which should bring
the budget deficit below 3 percent of GDP next year and down to 1.9 percent
in 2014. More
Business NewsBusiness News
In Business News this week: Czech industrial production speeds up; most
Czech companies want to hire employees as contractors; Saturday shifts at
Škoda Auto end over labour dispute, the North American brewing giant
Molson Coors buys Staropramen; and Prague’s Ruzyně airport marks 75
years since the first landing. More
Business NewsBusiness News
In Business News: Industry and Trade Minister confirms that Czech Republic
will try and further expand nuclear energy production; Rusatom Overseas
signs memorandum with potential subcontractors on Temelín; Škoda Auto
sees significant increase in sales in foreign markets; One-third of Czechs
will be unable to save a single crown a month this year, poll suggests; and
Czech nanotechnology firms make mark in Japan. More
Current AffairsEducation Minister Josef Dobeš resigns “over budget cuts”
The embattled Czech education minister, Josef Dobeš, has announced he will
step down. Mr Dobeš, who has come under severe pressure over a number of
issues including EU funds and his planned university reform, cited further
austerity measures as the reason. But observers point out that the minister
just seized the opportunity to resign before he would be forced out of
office. More
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