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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
Current AffairsIcy temperatures pose threat to Prague homeless, Czech capital opens tent shelter
With temperatures in Prague expected to drop as low as minus 20 degrees in
the coming days, the Czech capital’s homeless are at high risk. Due to
the harsh weather, homeless shelters are already close to operating at full
capacity. To help battle deaths from exposure city hall officials have
arranged for a large heated tent to be put up for those with no roof over
their heads. 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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