The Ministry of Finance says it will be forced to revise its budget deficit figures for this year because of the worse than expected economic situation. The ministry promises a new version of the 2009 budget by mid-August which could see the deficit ballooning to 200 billion crowns or beyond. The ministry only in June said that the deficit should not exceed 170 billion crowns. Since then however it has deepened its prediction of how much the economy will shrink this year to 4.3 percent.
Jana Ciglerová: Americans say their lives are fantastic, Czechs say everything is terrible – neither is true
“There is good, better and then there is the USSR.” – New book depicts life in communist Czechoslovakia through memories of people who experienced it
CzechTourism head hints attracting tourists no longer agency’s main goal
Minister: Czech Republic won’t take in 40 child refugees from Greek camps
“The only solution is political” – Organisers of major anti-government protests in Czechia announce plans for the future