Parliament has passed in its second reading a proposed amendment to the law which would motivate the unemployed to seek jobs more actively. The bill would lower the subsistence level, thereby lowering social benefits for the unemployed. It would also lower the amount of financial support given to people with large families allegedly to prevent parents from living off their children. Romany representatives have slammed the proposal calling it racist and discriminatory and arguing that many of them cannot find work no matter how hard they try.
While commuting long distances to work is a normal part of life in many countries, Czechs have traditionally been reluctant to commute. But the trend is now beginning to catch on in this country; and according to data released by the Statistical Office around 170,000 people commute to Prague every day.
Unemployment in the Czech Republic rose to 8.8 percent in July from 8.6
percent a month earlier, according to official figures released on
The lowest unemployment is in Prague - 2.6 percent, while the hardest hit region is around the town of Most in the north of the country -where unemployment has currently reached 22 percent.
The Cabinet has drafted a new conflict-of-interest law. It will not require the spouses of politicians and other public officials to disclose assets that are listed in their name alone, as organisations like the corruption watchdog Transparency International had been hoping for. Minister of Justice Pavel Nemec said the draft law improves upon previous legislation in setting out more precise guidelines.
Deputies pass bill allowing 72m crown bond issue to cover budget deficit, reject proposals to eliminate investment incentives, restrict shop hours; London-based think tank CEBR names Prague best 'region' of the 233 in Europe in which to do business; Former Finance Minister Ivo Svoboda fails to turn up at prison; Anti-Monopoly Office accuses three banks (CS, KB, and CSOB) of concluding cartel on fees; Unions hold back on railway strike
Railway workers unions have called off the possibility of a general strike for at least the next one hundred days as they allow new management at Czech Railways to consider their proposals. The unions have expressed concern - and threatened to strike - over the possibility of excessive lay-offs in line with Czech Railway's long-term business plans. An estimated 6,000 employees are expected to lose their jobs this year, the same number as in 2004. Overall Czech Railways employs close to 70, 000 people.
Deputies adopt legislation to soften ban on 'Svarc system', speed up commercial registrations, allow 'squeeze out' option for majority shareholders; World Bank says creditors in Czech Republic least likely in European Union to recover funds from bankrupt countries; Health Minister to ask for partial bail-out of VZP; $230m positive foreign trade balance recorded for March.
Unemployment in the Czech Republic stood at 9.4 percent in March,
according to figures just released by the Labour Ministry. The new
figures represent a slight drop on February, when unemployment was at
9.6 percent. Some 540,000 Czechs are now out of work. The number of
applicants per job is now 10.1, the lowest number in three years.
Meanwhile, year-on-year inflation in March fell to 1.5 percent, the lowest rate since December 2003.
Cabinet approves sale of Cesky Telecom to Telefonica; Communists want to link confidence vote with bill on assets declaration; Czech Airlines (CSA) buys 12 Airbus planes with aim of competing for European flights, Czech MEPs pushing Brussels for change in distribution of EU funds to poor regions; Zentiva, Pfizer row over anti-cholesterol 'generic equivalent'; Skoda Auto management agrees to workers' 7 pct wage hike
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