Czech government to buy back stake in Aero Vodochody from Boeing for symbolic price; CVVM poll shows majority of people think Czech economy is in "bad" shape; 'Youth' loans proposed instead of 'Newlywed' loans; U.S. not to impose higher import duties on glass; CzechTourism becomes first gov't agency to agree to join 'Viva Etika' project
Czech government to buy back stake in Aero Vodochody from Boeing for symbolic price
Majority of people think Czech economy is in "bad" shape - CVVM poll
A poll by the state-funded Centre for Public Opinion Research (CVVM) found that 53 percent of respondents consider the Czech economy to be in "very bad" or "bad" shape. Only 9 percent of people surveyed said they were happy with the current economic situation. According to the business daily Hospodarske noviny, the economy is in better shape than at any time since the start of 2000.
'Youth' loans proposed instead of 'Newlywed' loans
Housing Minister Jiri Paroubek this week revealed the conditions for the government's much-touted "newlywed" loans — for starters, they are now to be called "youth" loans, as unmarried couples will also be eligible to apply. The loans will be available in January to couples if at least one of them is younger than 36 and they have a child. Single parents will also qualify and income is not a factor. The repayment period will be at most 20 years, at 2 percent interest.
U.S. not to impose higher import duties on glass
EU and Czech officials have convinced the United States to drop plans to impose certain higher import duties that could have hurt Czech glass companies. Those producing exclusively for the U.S. market had faced financial ruin. Deputy Prime Minister Martin Jahn reportedly told U.S. negotiator Robert Zoellick that the duty would be discriminatory.