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Business NewsBusiness News
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
SpotlightKarlín – Prague’s first suburb
Prague’s leafy central suburb of Karlín may best be known outside of the
Czech Republic for the devastating floods that laid ruin to it in 2002, but
much of the world has been using the machines and products born of Karlín
factories for more than a hundred years and aside from that it is also
Prague’s oldest suburb – a point recalled by an exhibition being held
this year at the City Museum in Prague that was created by historian Dr.
Zdeněk Míka: 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
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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