PM Gross calls for mandatory private retirement plans, OECD says social mobility in the Czech Republic stagnant due to limited access to higher education, City of Ostrava begins spending 100m from bond issue, and FinMin expects GDP of 3.2 pct next year, 10.4 pct unemployment.
PM Gross calls for mandatory private retirement plans
OECD says social mobility in CR stagnant due to limited access to higher education
Young Czechs have less chance to improve their social station than other OECD member states, a study by the Paris-based Organisation for Economic Co-operation and Development has found. Limited access to higher education is the biggest factor, sociologist Petr Mateju noted in an interview with the business daily Hospodarske Noviny, and is seen as one reason why the Communist Party and anarchist movements are increasingly popular with young people.
City of Ostrava to begin spending proceeds of 100m euro bond issue
FinMin expects GDP of 3.2 pct next year, 10.4 pct unemployment
The Finance Ministry has said it expects GDP growth at 3.1 per cent this year and 3.2 per cent in 2005. The forecast is more optimistic than the previous estimates the ministry issued in April. Inflation should reach 2.9 per cent this year and 2.8 per cent in 2005, the Finance Ministry said in a macroeconomic forecast made public on its website. Unemployment is predicted to reach 10.3 per cent this year and 10.4 per cent next year.