Government, unions and employers agree on way forward to boost economy

The coalition government, trade union representatives as well as key employers have agreed on a way forward to boost the Czech economy, according to reports. The announcement came after a meeting on Thursday between representatives of all three “branches”. Among the key conclusions reached by the trio was that banks must be encouraged to loan money and that exports remain key to the Czech economy. Further, the trio also agreed that the government should attempt to assist companies in endeavours likely to create jobs or prevent employees from being dismissed. The purpose of such regular meetings is to ensure smooth relations with both the labour and business communities.