For the first time ever, the value of Czech crowns in circulation has exceeded 500 billion crowns. The figure was reached on Friday, the Czech National Bank revealed. The amount translates into more than two billion individual banknotes and coins. At some point though the country is slated to join the Eurozone, giving up the crown for the euro – the only question is when.
The lower house of Parliament has agreed to raise taxes on gambling from the current 20 percent to 28 percent. According to news website iDnes, among the most affected will be venues offering gambling machines such as video lottery terminals. Under the ruling coalition proposal, tax on lotteries and betting agencies will also increase, to 23 percent.
With the ending of current sanctions expected to come as soon as the start of next year, Iran is now the target for trade delegations and missions from around the world. The Czech Republic is no exception and, after a ground breaking visit by the foreign minister, is now looking at the practical steps needed to exploit the opportunities when full two way trade resumes.
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