Business News - All stories | Radio Prague International

Government to increase taxes to cover flood damage

29-08-2002

The Czech government said it wanted to obtain money for financing repairs of flood damage by increasing indirect taxes, including the VAT and consumer tax on petrol, tobacco and alcohol.

Authorities fear electricity shortage in winter

Vladimír Tax

22-08-2002

How the floods affect the Czech economy

Vladimír Tax

22-08-2002

Government to ask Lower House to postpone budget debate

Vladimír Tax

22-08-2002

Premier Vladimir Spidla said he would ask the Chamber of Deputies to postpone the deadline for submitting a draft state budget for 2003 until the end of October.

Insurers to pay CZK 19 billion for flood damages

Vladimír Tax

22-08-2002

The Finance Ministry and the Czech Association of Insurance Companies estimates that Czech insurers will have to pay around 19 billion CZK in compensation.

Unavailable statistical data might hamper EU accession

Vladimír Tax

22-08-2002

Flood damage to reach 2 to 3 billion USD

Vladimír Tax

22-08-2002

The government has estimated flood damage at between 60 and 90 billion Czech crowns, which is 2 to 3 billion USD.

Jet fighter deal cancelled

Vladimír Tax

22-08-2002

As one of the austerity measures, the government has scrapped plans to buy two dozen supersonic jet fighters for the Czech air force.

Transport complicated, Railways offers cheaper fare

Vladimír Tax

15-08-2002

Czechs to spend billions on flood prevention in coming years

Vladimír Tax

15-08-2002

The agriculture ministry said the Czech Republic would invest 4 billion Czech crowns in flood prevention by 2005. The investment will be covered partly from the state budget and from a loan from the European Investment Bank.