Foreign trade development suggests a recovery. President Klaus has vetoed one of fiscal reform bills. Financial market supervision to be entrusted to one institution instead of the existing four. The Czech Republic fails to make it on Hyundai's shortlist for new car plant. Unipetrol privatisation has been postponed again. Czechs will face a series of price hikes from the New Year - including telephone, gas, and electricity. But before that, they may experience a blackout on the Christmas Eve.
Unemployment falls to below 10 percent. Food prices push Czech inflation slightly higher, reversing trend. Industrial production sees increase in September. Seasonally adjusted construction output at constant prices up 0.2% m-o-m. Government offers more money to bail out indebted hospitals. Czech farmers seek exception from EU bone-meal ban. Official: report of Czech illegal workers in U.S. exaggerated. North Moravian municipalities against planned nuclear plant. Czech Railways to lease Prague's main station to Grandi Stazioni of Italy.
The Labour and Social Affairs Ministry has said that unemployment has fallen to below 10 percent. A spokesman for the ministry said unemployment had dropped from 10.1 per cent in September to 9.9 per cent in October. The fall was greater than analysts had predicted, with just over half a million people now out of work. Economists said the floods of 2002 had undermined the Czech economy and that economic activity was displaying a comeback.
Two stories dominate today's front pages: Thursday's appeals hearing in the case of former Foreign Ministry official Karel Srba and the probable end of short-term work contracts. LIDOVE NOVINY and PRAVO lead with the verdict of the Prague High Court which on Thursday rejected the appeals of Karel Srba and his four accomplices; a lower court had previously found them guilty of plotting to murder an investigative journalist.
The determined rescue efforts that went into saving a group of eleven Russian miners trapped 700 metres underground for six long days has been a closely watched story - and today's papers finally bring relief - the struggle is over and the blackened, tired faces of the rescued miners look out from the front pages. It was a nightmare but it is over, one of them says.
Imagine you are a sales assistant in a supermarket, where you have been working for the last five years. You have not yet been made a permanent employee, but this doesn't seem to be a problem as every three months you simply sign a new short-term contract. One day, you come to work and your boss tells you that your contract is not going to be renewed. Suddenly you find yourself on the street. A change to the Labour Code, which is being proposed as part of the government's effort to bring Czech employment law into line with EU norms, aims to make
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