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Current AffairsCzech government approves belt-tightening budget for 2011
The Czech government on Wednesday approved a belt-tightening budget for
2011 limiting the public finance deficit to 135 billion crowns or 4.6
percent of gross domestic product. The budget proposal is based on a series
of controversial cost-cutting measures that –in one way or another - will
affect all groups of the population.
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Current AffairsFormer finance minister says budget plans based on over optimistic forecast of economic growth
Analysts and economists began getting to grips with the final format of
next year’s budget on Thursday morning. Former Social Democrat finance
minister, Pavel Mertlík, now chief economist at the Czech unit of
Raiffeisen Bank, gave his impressions of the overall package.
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One on OneEconomist Jan Bureš: Czech economy relatively healthy, but cuts still essential
Jan Bureš is chief economist at Poštovní spořitelna, which is part of
the banking group ČSOB. Aged 31, he is one of the most visible Czech
economists of his generation, frequently appearing on TV and penning a
column for the magazine Respekt. Earlier on Monday I spoke with Jan Bureš
at ČSOB’s Prague HQ. My first question: almost exactly two years after
the collapse of Lehman Brothers triggered an international economic crisis,
what state is the Czech economy in today?
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