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Government Approves Budget for 2020

The Government on Monday approved a draft budget drawn up by the Finance Ministry for upcoming years, according to which the general government deficit in 2020 should stand at 0.49 percent of GDP and at the...
Bratislava, 21.10.2019 more...
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President Zeman calls on China to continue mutual cooperation

President Miloš Zeman has called on his Chinese counterpart, Xi Jinping, to continue cooperation between the Czech Republic and China. In a letter to the Chinese head of state, published on Prague Castle’s...
Prag, 18.10.2019 more...
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State subsidies drive up bus passenger numbers

State-subsidised travel for senior citizens and students has led to full buses in the Czech Republic, iDnes.cz reported. Experts say the government scheme is encouraging existing passengers to travel more....
Prag, 17.10.2019 more...
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Czechia now ahead of Spain in GDP per capita, but still below EU average

The Czech Republic is now ahead of Spain in terms of GDP per capita adjusted to purchasing power parity (PPP). At least according to the latest OECD data, which show the country ranked 27th among the...
Prag, 16.10.2019 more...
Foto : Ilustration
Government Approves Budget for 2020

The Government on Monday approved a draft budget drawn up by the Finance Ministry for upcoming years, according to which the general government deficit in 2020 should stand at 0.49 percent of GDP and at the...
Bratislava, 15.10.2019 more...
Foto : Ilustration
NKU: Budgetary Targets Unrealistic, Government Has to Save

The Supreme Audit Office (NKU) warned the Government about problems with meeting the state-budget targets and the need to prevent the general government deficit and gross debt from increasing, according to...
Bratislava, 12.10.2019 more...
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Bakers: Minimum Wage Increase to Hit Food Sector’s Stability

Bakers view the minimum wage increase from €520 to €580 per month approved by the Government on Wednesday (October 2) as a reckless intervention in the stability of the food sector, the Slovak Association of...
Bratislava, 11.10.2019 more...
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Minimum wage increase is the highest in 17 years

The central bank warns of the potential negative effects of the increase passed by the government.Tens of thousands of people working in Slovakia for the lowest salaries will improve their income by €60 in...
Bratislava, 10.10.2019 more...
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Foreign trade development in August 2019 and in the first eight months of 2019

In August 2019, the total export of goods reached the value of EUR 5 991,1million with a 2,8 % year-on-year decrease. The total import of goods decreased by 1,1 % to EUR 6 203,1 million. The foreign trade...
Bratislava, 09.10.2019 more...
Foto : Ilustration
Moody’s raises Czech credit rating for first time in 17 years

Moody’s has raised the Czech Republic’s credit rating by one level. It cited the country’s strong budget performance and low debt as the main reasons for its first upgrade since 2002. Moody’s believes that...
Prag, 08.10.2019 more...
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