Ministry of Industry and Trade Jan Mládek sees Czech economic growth this year at 3.5 percent, that’s a slight drop from the 4.5 percent expected this year. One of the reasons for the slowdown will be diminished pumping of EU funds which probably contributed one percentage point to growth this year.
In line with a government proposal approved by Parliament late last year the country’s close to 3 million pensioners will be paid out a one-off bonus of 1,200 crowns in February to make up for the low valorization of pensions in 2016. Following lengthy disputes on the issue in the lower house, the government now says it wants to be able to increase pensions without Parliament’s consent in the future.
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