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Current AffairsCzechs unlikely to take advantage of newly-opened German labour market
If you’d stopped a Czech citizen on the street twenty years ago and told
him he was free to live and work in Austria or Germany, he would have
looked at you in amazement. But on May 1st, that’s exactly what happened
- the two countries lifted their final restrictions on Czech workers - and
what’s truly amazing is that it’s happened with an almost total absence
of fanfare, or even coverage in the media. Equally amazing, perhaps, is
that hardly any Czechs will take advantage of it. More
Current AffairsEU ministers in Moravian spa town to discuss labour market reforms
The EU's Labour and Social Affairs ministers have been meeting in the
Moravian spa town of Luhačovice to discuss further liberalisation of
Europe's labour market. That continues to be something of a thorny issue,
as citizens from the 10 countries that joined in 2004 - including the Czech
Republic - still can't work everywhere in the EU. The meeting, chaired by
Czech minister Petr Nečas, is aimed at persuading those countries that
still restrict their labour markets - chiefly Germany and Austria - to lift
those restrictions sooner rather than later. Rob Cameron is in Luhačovice
– and has more:
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Business NewsBusiness News
In this week's Business News: the Czech Central Bank slashes interest rates
by three-quarters of a percentage point, while downscaling its GDP growth
forecast again; the majority French-owned Czech bank Komerční Banka has
posted profits of 9.94 billion crowns for the first nine months of 2008; a
new survey suggests that Czechs are likely to spend significantly less
during the Christmas period than last year; the Czech government is seeking
to write-off the majority of a nearly one billion crown debt owed by Russia
since the Soviet era and Czechs and Poles are increasingly losing interest
in working in Britain.
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