The Czech governing coalition pushed a tax package through the lower house on Wednesday that will increase the price of tobacco, hard liquor and gambling as well as levelling a one-off tax on insurer’s reserves. The opposition, which vehemently opposed the effort, has slammed the ruling coalition for breaking its promise not to raise taxes.
Ripping off unsuspecting foreigners is a relatively widespread practice in
Prague's grocery stores, according to the results of a study conducted
by Czech economists and published in the Journal of Behavioral and
In the study, the authors put 260 Prague grocery stores to the test with the help of volunteers posing as foreigners who are not well acquainted with the Czech currency, and are therefore easy targets. They were ripped off in a fifth of the stores tested.
Prime Minister Andrej Babiš hopes that Toyota will expand its investment in the Czech Republic and start manufacturing hydrogen powered cars in its factory in Kolín, Hospodářské Noviny reported on Thursday. The car manufacturer is a world leader in alternative fuel automobile technology and is considering increasing its production in mainland Europe in case of Brexit complications.
The lower house has approved the 2020 state budget draft in its first
The proposed budget, which envisages a 40 billion crown deficit, passed through its first reading thanks to support from the ruling ANO and the Social Democrats as well as the Communist Party which however said it would table a number of proposals for amendments in later readings, particularly as regards more money for social services.
The centre-right opposition parties voted against the bill, criticizing the size of its deficit at a time of economic growth.
The lower house of Parliament is expected to approve a government tax
package at its session starting on Tuesday. It includes a proposal to raise
taxes on alcohol and tobacco products, and an increase in parental
The basic parental allowance could rise from 80,000 crowns to 300,000 crowns. MPs are also due to start discuss the draft state budget for 2020, which counts on a 40 billion crown deficit.
In the initial round, MPs will approve the budget’s basic parameters, i.e. revenue, expenditure and deficit. MPs have tabled dozens of amendments to the tax package, only some of which the Committee on Budgets has supported thus far.
On Friday, Prime Minister Andrei Babiš (ANO) and Communist party leader Vojtěch Filip agreed to allocate an additional 4.9 billion crowns for the health sector. Originally, 334 billion crowns was earmarked for the sector.
Communist Party leader Vojtěch Filip announced on Friday that his deputies
will likely support the 2020 state budget proposal presented by the finance
The government of Prime Minister Andrej Babiš (ANO) in mid-September proposed a 2020 budget with a deficit of 40 billion crowns, the same as planned for this year.
Filip’s announcement came following a meeting with Mr Babiš and Minister of Finance Alena Schillerová (ANO). The minority coalition government with the Social Democrat relies on Communist tolerance.
The Communists have used their role as kingmaker several times to win major concessions. ANO was obliged to support their proposal to tax compensation awarded churches in lieu of property seized by the former regime that could not be returned in restitution.
Prime Minister Andrej Babiš and Finance Minister Alena Schillerová are
due to discuss next year’s state budget with representatives of the
Communists on Friday, iDnes.cz reported. The party’s executive committee
will be holding an extraordinary meeting that day and the government
officials hope to persuade them to back a CZK 40 billion deficit when the
2020 budget is voted on.
Communist MP Miloslava Vostrá, who is chair of the lower house’s budget committee, said at the end of August that she would recommend her party leadership support the budget, despite the CZK 40 billion deficit. The party had previously demanded that the deficit not exceed CZK 30 billion.
Under an agreement, the Communists support the minority government of ANO and the Social Democrats on key votes.