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Business NewsPension reform draft is on the table but is it a real reform?
The government has presented a pension reform proposal as the first
government since 1989 to have the courage to make any real steps towards
what no-one doubts is urgently needed. However, while Trade Unions expres
worries about the pensions of low-income groups, analysts say the proposal
seems like "too little, too late".
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Current AffairsFreedom Union conference survives rebellion
The smallest party of the Czech coalition government -the right wing
Freedom Union-DEU survived a minor earthquake at its party conference over
the weekend. After failing to push through his proposal to elect new party
leadership, the leader of the small right wing platform DEU Ratibor
Majzlik stormed out of the party conference announcing the end of this
political alliance.
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Press ReviewPress Review
The government's plans for pension reform, the withdrawal of the Czech
field hospital from Basra and the unveiling of a Franz Kafka statue in
Prague have all received front page coverage in Lidove Noviny. Pravo has
highlighted the shaky position of Foreign Minster Cyril Svoboda within his
own party, while Mlada Fronta Dnes carries a detailed front page report on
Transport Minister Simonovsky's proposal to get tough with undisciplined
drivers.
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Current AffairsCzech Republic's pension system needs fundamental reforms
The Czech Republic faces a deep crisis of its pension system caused by
changes in the structure of the population. Parliament recently approved
increasing the retirement age to 63 years. However, experts believe this
will not solve the problem.
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Business NewsBusiness News
Leaders of the three ruling parties have agreed on pension reform
principles based on the Swedish model. Czech retail sales advanced at the
fastest annual rate in three and a half years in September. Czech producer
prices jumped 0.6 percent month-on-month in October. Most of Central
Europe's largest economies not expected to join the euro zone until 2009,
a survey showed. Czech Telecom warns of slipping into a loss,
redundancies, unless allowed to hike prices. TDC said has pulled out of
Ceske Radiokomunikace, stays in Contactel. Half of Czech travel agents may
go under in 2004.
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ArtsLeading Czech singer-songwriter Jaromir Nohavica releases new album
This week one of the Czech Republic's most respected singer-songwriters,
Jaromir Nohavica, released his first album in almost three and a half
years. Entitled "Babylon", the new Nohavica album features a
wide variety of styles, including several trademark acoustic songs, such
as the second track "Marenka", which is dedicated to the late
Karel Kryl, perhaps the greatest single influence on Nohavica's music.
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Press ReviewPress Review
All of today's papers lead with the same story, the government's plans to
reform the public finance system. Canada's victory over Sweden in the
finals at the World Ice Hockey Championships also makes the headlines in
most of the main dailies. On the international front, it's US President
George Bush's dissatisfaction with his team in Iraq and the recent car
accident that left three Czech soldiers injured in Basra, that make the
front pages.
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