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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
In this week’s business news: Prime Minister Petr Nečas announces
estimated additional cuts of 26 billion crowns to the state budget; a Czech
MEP has praised the country’s refusal to join the fiscal compact; the
Agriculture Minister is set to dismiss the CEO of a state-owned brewery;
the country’s nuclear energy exports reach a record level; and, a poll
finds that the majority of Czechs consider the current economic situation
poor indeed. More
Current AffairsFirefighters fear more budget cuts will mean dismissing a third of the force
Firefighters in the Czech Republic are greatly concerned at the course
their budgets are taking. As the money from the Ministry of the Interior
steadily decreases, the firemen’s union warns that further cuts may lead
to substandard services. 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 AffairsParliament approves 2012 budget conceding revision likely in the spring
The 2012 state budget on Wednesday sailed thought the lower house of
Parliament despite heated protests from the opposition who labeled it
“misleading” and “unrealistic”. The budget which anticipates a
reduced deficit amounting to 3.5percent of GDP was tailored according to
April’s growth forecast and the government has admitted that a
significant revision can be expected in the spring. More
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