Ekonom weekly: Central Bohemia likely to face bankruptcy

The Czech weekly Ekonom writes that Central Bohemia, which has the country’s highest debt, may face bankruptcy. According to official figures from the Finance Ministry, the region’s debt amounts to some 3.7 billion Czech crowns. However, the actual debt is more than double that figure, the weekly writes, citing former MP Karel Machovec. Mr Machovec has said that the region is facing bankruptcy. Central Bohemia became the focus of intense media attention when its governor was caught with some 7 million crowns in cash on his person. He has been charged with corruption and mismanagement of EU-funds.

Author: Sarah Borufka