The state spending watchdog, the Supreme Audit Office, has issued a report putting the spotlight on ongoing failures how ministries manage the wide variety of companies under their control. In spite of past government resolutions and instructions, clear guidelines and policies are often still lacking with ministries appearing to take an ad hoc approach.
The Czech government is debating the future of the Paskov mine, one of the last deep coal mines in the country, after its owner OKD announced its possible closure at the end of 2016. The mine is one of the biggest employers in the Moravian-Silesian region and its closure would put 1,800 employees and almost as many more doing business with the mine out of work.
The Czech headline unemployment rate in November remained at the level of 5.9 percent, according to the figures released by the country’s Labour Office on Tuesday, unchanged from October. This follows a continuous decline over the previous three months. The latest figure still shows the jobless total at its lowest level since March 2009.
The popular Czech beverage maker Kofola went public on Wednesday, December 2nd, with trading launching on the Prague Stock Exchange. Within a week’s time, the trading of Kofola shares will begin also in Warsaw. With interest rates at record lows and equity funds reporting surplus cash, investor interest on the regulated market is expected to be high.
The number of reported crimes in the Czech Republic involving the theft of metals dropped by over 50 percent between March and November compared to the same period last year. According to the Ministry for the Environment, police recorded just over 3,400 such crimes so far this year, compared with over 8,000 during the same months last year.
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