Outgoing government and opposition agree on anti-crisis package

08-04-2009

The outgoing centre-right government and the opposition Social Democrats have agreed on an anti-crisis package aimed at curbing the impact of the global economic downturn on the Czech economy and stimulating growth. The measures include faster tax write-offs for companies, cuts in social insurance payments made by employers, amendments to the insolvency law, higher unemployment benefits and financial incentives to scrap old cars currently proposed at 30,000 crowns for the purchase of a new car of up to 500,000 crowns. Pending approval, the proposed measures sure remain in place until the end of 2010.