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A broad public opinion survey shows that the vast majority of Czechs have accepted the government's decision to increase taxes as a means of covering the cost of the recent floods. The STEM research agency, which conducted an opinion survey on the matter, said that the majority of respondents accepted the additional tax burden as inevitable.

The Czech unemployment rate has been growing for three months and reached 9.4 percent in August. In July, unemployment stood at 9.2 percent. Analysts say the situation has worsened due to inflow of fresh school graduates to the labour market.

The Czech government has approved a package of measures to raise extra money to finance repair of damage caused by the recent devastating floods. The government hopes to gain an extra 26 billion crowns for the state budget over the next two years.

Government approves a tax reform to raise extra money to finance repairs of flood damage. GDP growth slows down while unemployment continues growing and inflation remains extremely low. In this week's edition of Economics Report, we have an analyst comment on the latest economic developments.

Flood relief donations are also continuing in Europe. The Czech Embassy in London says people in Britain have donated almost 160,000 pounds, or more than eight million crowns, to a special fund for Czech flood victims.