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The Czech Republic got 31 billion more than it gave from the EU in 2011;
15.6 billion may have to be returned to the EU due to errors in subsidies
use; petrol prices continue to reach new records; banks plan to open dozens
of new branches in 2012; Social Democrats propose bills to decrease
household indebtedness. More
Business NewsBusiness News
In this week’s business news: the government moves to shift the burden
from direct to indirect taxation, Standard & Poor’s raises Czech
sovereign ratings, Trade and Industry Ministry statistics reveal a drop in
FDI and the Czech Mint reports a surge of interest in investment gold. More
Current AffairsPoll reveals “shocking” levels of financial illiteracy among Czechs
A new poll commissioned by the Czech Finance Ministry and the central bank
showed that most Czechs lack basic financial knowledge, and do not
understand some of the fundamental principles of borrowing. Finance
Minister Miroslav Kalousek has described the results were “shocking”,
and said he would push for more financial education at Czech schools. More
Business NewsBusiness News
In this week’s Business News: Brewers look to price rises in spite of
consumption slump; Prima to hike ad charges by 10 percent; Škoda Auto
doubles profits on record car sales; banks step up home auctions for
mortgage defaulters; and biomass highlighted as next renewable power
problem. More
Current AffairsNGO raises alarm over boom in debt resolution companies
One business that is booming in these difficult times is the services
offered by debt resolution companies to people who find themselves with
financial problems. But the charity People in Need sounded an alarm about
such companies on Thursday, saying that the only difference they make is to
make the original debts even bigger.
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