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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
Business NewsBusiness News
In this week’s Business News: the Czech Republic finds itself in a
recession; women are earning a quarter less then their Czech counterparts;
bankruptcy declaration reach a four year high; computer sales are set to
soar in 2012 and a new law is giving the government the muscle to tackle
shady employment practices. More
Business NewsBusiness News
In this week’s Business News: the most absurd bank fee is announced; a
study finds that a third of young Czechs are working flexible hours; fears
that eurozone unemployment could hit Czech exports; the Finance Ministry is
seeking to lure investment funds into the country and Czech Railway
cutbacks mean fewer train conductors. More
Current AffairsFinance minister tells Czechs to brace for succession of lean years
Although the Czech government has refused to sign up to the EU’s fiscal
discipline pact, frugality has become the order of the day and the finance
minister has warned the nation that, come what may, fiscal discipline will
be observed in the interest of bringing the country’s public finances
under control. On Monday the cabinet’s economic ministers are meeting to
debate austerity measures for 2013 which far surpass those previously
undertaken.
More
Business NewsBusiness News
In Business News: Fuel prices reach new highs at Czech gas pumps; the Czech
crown weakens mid-week; zero-percent growth is projected for the Czech
Republic in 2012; food giant Hamé says it will mend its ways. More
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