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Press ReviewPress Review

27-08-2003 | Daniela Lazarová

The first ever trial of a left-wing radical commands a great deal of attention since a regional court in North Moravia is now expected to set an important precedent - can people be jailed for propagating communism?  More

Press ReviewPress Review

26-08-2003 | Vladimír Tax

All the main dailies today lead with reports of heightening tensions between the government and the trade unions nation-wide over the planed fiscal reforms. On the international front, the papers carry shocking photos from the Indian port city of Bombay, which was hit by two huge bomb blasts.  More

Letter from PragueSummer's getting hot

26-07-2003 | Vladimír Tax

It's been an extremely hot summer here in the Czech Republic. Well, the older generation would say just another hot summer - only young skeptics talk about a possible climate change. Many enjoy the amount of sun we've been having, but for others, it is yet another reason to complain about their plight - such as farmers who never fail to be surprised by the seasonal changes in the weather, and are always demanding compensations from the government for what other entrepreneurs have to take as business risk. Nevertheless, the farmers only add to the countless hands stretched towards the treasury.  More

Press ReviewPress Review

25-07-2003 | Vladimír Tax

"Prime Minister Spidla wins first battle", that's how today's papers describe the approval of a package of government-proposed public finance reforms by the Lower House. The cabinet has pegged its future on parliamentary approval of the reforms. But, as the papers point out, this was only the first out of three readings.  More

Business NewsUncertain future of fiscal reforms weakens Czech koruna

24-07-2003 | Vladimír Tax

Vladimir Pikora This week, Czech lawmakers started debating a package of fiscal reforms as proposed by the centre-left government of Prime Minister Vladimir Spidla. Mr. Spidla has staked the future of his three-party coalition cabinet on the success of the reforms which are vital for cutting a widening public finance deficit to meet the Maastricht criteria for euro adoption. However, the government has only the tiniest majority of one vote in the Lower Chamber. Some coalition MP have already voiced their objections to the shape of the reforms and suggested they may seek alterations to some of the dozen or so bills, combining tax hikes with wage freeze in the state sector and cuts in social welfare. Although the reform has been criticised from both right and left for being either too mild or too radical, pundits agree that it is a step in the right direction. However, the uncertain future of the reform package and fears of potential collapse of the government has had a negative impact on the Czech currency, which fell to 32.40 to the euro, its weakest level in a year and a half. I discussed this and other aspects of the current uncertain situation with economic analyst Vladimir Pikora from the Prague branch of Volksbank.  More

Current AffairsOpposition Civic Democrats will strive to bring down government

24-07-2003 | Daniela Lazarová

Miroslav Topolanek, photo: CTK The strongest opposition party in Parliament, the centre right Civic Democrats have declared their intention to try to bring down the three-party coalition government and trigger early elections. The public announcement made by the party's leader Miroslav Topolanek, comes in the wake of a fresh blow for the governing coalition: one of its deputies broke ranks on Tuesday, seriously endangering the government's razor thin majority in the Lower House.  More

Press ReviewPress Review

23-07-2003 | Ian Willoughby

Two stories dominate Wednesday's front pages: the killing of Saddam Hussein's two sons by United States forces in Iraq, and the threat to the governing coalition posed by the surprise resignation of Josef Hojdar from the Social Democrats' group in the Chamber of Deputies.  More

Current AffairsCoalition government reels under new blow

23-07-2003 | Daniela Lazarová

Josef Hojdar, photo: CTK As the Lower House prepared to debate the government's fiscal reform package on Tuesday, a deputy for the ruling Social Democratic Party let off a bombshell. He announced that he was leaving his party's deputies group and might not support the crucial reform package all the way. For a government with a razor thin majority in the Lower House this news could mean the end of the road.  More

Current AffairsThe government faces a new test: pushing through public finance reform

22-07-2003 | Jan Velinger

Finance minister Bohuslav Sobotka Regardless of the final outcome July will be remembered as a month in which the government once again put its political future on the line. After a turbulent year that saw the fragile coalition weather discord over a proposed tax hike, and further disunity during presidential elections, the government has now rested its future on the passing of its public finance reforms, a process that begins today expected to culminate in September. This time: have coalition members agreed to agree? Or will the government fail from within, eventually facing embarrassing defeat?  More

Current AffairsShadow defence minister expects further budget cuts and introduces his own military reform plan

16-07-2003 | Dita Asiedu

Petr Necas, photo: CTK The Czech defence sector is in dire need of reform. The Defence Ministry's plan to transform the Army into a fully professional one has been dealt a heavy blow by the government, which has drastically cut defence spending as part of an attempt at reducing the state budget deficit and reforming public finances. As a result, Defence Minister Miroslav Kostelka has come up with a new reform plan, which calls for soldiers to be laid off and army bases to be closed down. Steps that shadow Defence Minister Petr Necas says do not go far enough, given that more defence budget cuts can be expected. Dita Asiedu reports:  More

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