Archive: Business | Finance Finance

Parliament approves significant tax cut that will affect 4 million Czechs

02-11-2005 14:21 | Jan Velinger

The Czech Parliament on Tuesday passed a significant tax cut which will affect some 4 million Czech taxpayers next year. Employees will save an average of around 400 crowns per month - or about 13 US dollars. That isn't much but it is significant when one considers that in the Czech Republic the average monthly salary still averages only 18,000 crowns - around 800 dollars US. In that light, many Czechs will see the break as a significant step.   More

CNB rate hike signals 'end of the cheap mortgage'

01-11-2005 13:57 | Brian Kenety

The Czech National Bank surprised the financial markets by announcing a quarter point higher interest rate of 2.0 percent starting this Monday. The central bank governor said the board was concerned about inflationary pressures, in large part due to soaring global oil prices. But the minister of finance says the rate hike was premature. For the would-be Czech homeowner, it may spell the end of cheap mortgages.   More

Business News

27-10-2005 13:13 | Ian Willoughby

In this week's business news; two mobile operators to provide TV reception from next year; the OECD says of all its members the Czech Republic relies the most on social insurance to fill the state coffers; Czech Airlines records a 22 percent rise in passengers, while Prague airport also sees an increase in numbers; and real estate prices are either stagnating or falling in the Czech Republic.   More

Business briefs

21-10-2005 14:38 | Brian Kenety

Ceska Sporitelna predicts 2013 Czech entry into eurozone; Initial compromise reached with health insurance companies; Czech Republic has among the highest perceived levels of corruption in the EU; Group of Civic Democrats file criminal complaint over Unipetrol deal; Paroubek says France may be willing to relax labour market restrictions on Czechs; COI imposes record fine on Ahold supermarket chian   More

Business briefs

30-09-2005 13:55 | Brian Kenety

Tesco Hyundai to build $1.2bn car plant in the Czech Republic; Premier Jiri Paroubek has agreed to set up parliamentary commission on Unipetrol; Swedish broadcaster MTG buys $115m stake in TV Prima; State to sell 56 percent stake in Severoceske Doly to CEZ for $375m; Retailers Tesco (UK) and Carrefour (France) agree to asset swap in Taiwan, Czech, Slovak republics  More

Featured

Archive

June 2012

MoTuWeThFrSaSu
123
45678910
11121314151617
18192021222324
252627282930

May 2012

MoTuWeThFrSaSu
123456
78910111213
14151617181920
21222324252627
28293031

April 2012

MoTuWeThFrSaSu
1
2345678
9101112131415
16171819202122
23242526272829
30

Complete archive

Latest programme in English