Business
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Recession should reduce Czechs’ relatively high “environmental footprint”, says scientist
The Czech Republic ranks 14th in the world in terms of per capita “ecological footprint”, according to a newly released report from the World Wide Fund for Nature…
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MPs pass austerity package for 2010
On Friday the Czech Parliament’s lower house passed an austerity package, designed by the interim government to curb next year’s budget deficit. After two days of…
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Business News
In Business News this week: Orco fails to convince creditors; a sigh of relief for tax dodgers; Hyundai officially opens its Czech plant amid more closure news from other…
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Klaus to UN: blame governments, not markets for world economic crisis
President Václav Klaus has once again appealed to world leaders not to sacrifice the sanctity of the free market in looking for ways to tackle the global economic crisis…
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Call for state funding of political parties to be halved
Czech political parties have probably never been at a lower level of public estimation. So a proposal to halve the generous cash payments to parties by the state as part…
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Divided views over budget deficit and debt threat
The Czech budget deficit and overall public debt have been thrust into the spotlight. Caretaker Prime Minister Jan Fischer repeated this week he would only stay on until…
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Business News
In this week’s Business News: the rebounding budget proposal; the ever-strengthening crown; new bosses to pilot Czech Airlines; a sour taste for a top coffee seller; and a…
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Swine flu vaccine will be available for those at greater risk
On Tuesday the Czech Health Ministry released information on swine flu vaccines ahead of an expected surge in the epidemic in the Czech Republic this autumn, revealing…
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Deficit cutting budget proposal now given higher chance of success
The Czech budget has taken centre stage in political discussions after Tuesday’s surprise retreat from early October elections. Caretaker Prime Minister Jan Fischer has…
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Caretaker government demanding fresh mandate and consensus on 2010 budget
Emotions ran high and politicians traded insults on Tuesday, after the Social Democrats unexpectedly pulled the plug on early elections, deepening uncertainty over the…
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Business News
In Business News this week: the Czech economy is out of recession, but new GDP figures are worse than expected; a draft 2010 budget has been approved, with a whopping…
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Threat of record budget deficit looms ever larger
The Czech government has just approved a draft budget for 2010 that includes a record deficit of 230 billion crowns, or more than 13 billion USD. The caretaker cabinet has…
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