Czech Finance Minister Andrej Babiš has apologized on Twitter and Facebook for his recent statement that Vietnamese owners of grocery shops "do not pay taxes, as is well known." I have been given to understand that there are Vietnamese who do pay taxes and I apologize if I offended their feelings, Mr. Babiš wrote in a statement on social networks. The apology was demanded by the Czech-Vietnamese Society, which argued that a vast majority of Vietnamese entrepreneurs pay their taxes and that the finance minister's statement was an unacceptable generalisation. The finance minister mentioned Vietnamese salesmen when defending the introduction of the planned online registration of sales during a question-and-answer session in the lower house. “Online registration of sales will apply to restaurants and retail, to brick-and-mortar shops and also to the Vietnamese who, as is well known, do not pay taxes,” Babiš said.
Average mortgage rates in the Czech Republic have again fallen, reaching a record low of 2.27 percent in February, according to an index kept since 2003 by financial services providers Fincentrum. The previous low – of 2.34 percent – had been registered in January. The highest figure recorded by Fincentrum was 5.82 percent in August 2008. However, Czech mortgage rates were considerably higher in the first decade after the fall of communism.
In Business News this week: the current account of Czech Republic’s balance of payments shows the first surplus ever recorded; Czech household debt reached 1.7 billion crowns last year; Czechs spent over 13 billion crowns in foreign online stores in 2014; Honeywell expands its innovation centre in Brno; Skoda Auto launches production of new Superb:
Czech President Miloš Zeman has said he will in all likelihood nominate former finance minister and caretaker prime minister Jiří Rusnok to be governor of the Czech National Bank when incumbent Miroslav Singer steps down. Zeman made the comments in an interview with the Czech daily Mladá Fronta Dnes. Singer’s mandate finishes in one year, Rusnok was Zeman’s first appointment to the Czech central bank when he was placed on the board in March last year. The president has previously said he want a new governor who will reverse the current low crown policy and will back early Czech adoption of the euro.
Finance Minister Andrej Babiš has proposed that all public institutions should have to publish the details of contracts signed worth over 50,000 crowns, including still valid contracts signed in the past, the ctk news agency reports. The minister told the news agency he is pushing for greater transparency in public spending both at the national and regional level and will propose a draft amendment to that effect in April of this year. According to the proposal public institutions would have to make public certain in-voices as well.
New foreigners’ law to change conditions for non-EU nationals
Czech foreign ministry reports record number of visa applications
Restaurant tells visitors to “clear their plates” or pay a 50 crown fine for wasting food
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