Business
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Right-wing parties willing to introduce some form of progressive taxation
Although on Wednesday the cabinet approved a draft budget for 2012 envisaging a deficit of 105 billion crowns, the right wing parties have not given up pushing for an…
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Cabinet approves draft budget for 2012
The Czech government on Wednesday approved the framework of the 2012 state budget counting on a deficit of 105 billion crowns or 3.5 percent of GDP. Although this draft…
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No agreement yet by coalition on new VAT rate or spending cuts
A meeting between government coalition leaders on Monday failed to produce conclusive results on how the government will offset falling tax revenues. But two variants…
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Business News
In today’s business news: The European Commission launches an antitrust investigation into the Czech energy giant ČEZ, self-employed individuals may be among those who…
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Czech state may have to pay billions of crowns to Slovak pensioners
As the coalition government moves to push a badly needed overhaul of the pension system through the lower house, fresh clouds have appeared on the horizon. It has emerged…
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D1 highway to undergo massive reconstruction in coming decade
This Tuesday marks the 40th anniversary of the opening of the first section of the Czech Republic's busiest highway, the D1. However, the road - which sees scores of fatal…
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Business News
In today’s business news: The Czech antimonopoly watchdog launches a probe into the controversial Promopro contract, industrial production in the Czech Republic has grown…
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Business News
In this week’s business news: Finance Minister Miroslav Kalousek has presented three different options for state budget cuts, the Labor Ministry has announced a tender for…
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Former Czech FA chief sentenced for credit fraud
The former head of the Czech football association, František Chvalovský, has been sentenced to ten years in prison after being convicted of credit fraud. Mr Chvalovský was…
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Business News
In today’s business news: The Czech prime minister speaks out against using EFSM funds to bail out Greece; the agrochemical giant Agrofert holding is to acquire eight new…
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Business News
In today’s business news: Czech Railways has released an estimate of the damages that the strike caused the company, Prague’s taxi drivers and hotel owners benefit from…
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Business News
Economic growth exceeds expectations; exports up by 30% in 2010; Škoda Auto enjoys high sales in May; inflation speeds up to 2.0; Wizzair boosts Brno airport traffic with…
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