Czech Republic: Gloomy Prospects for Economy

People ♦ Published: July 12, 2013; 15:48 ♦ (Vindobona)

The Czech economy is shrinking. According to experts, new Prime Minister Jiri Rusnok will not be able to change much. Enterprises have started to cut back on investments.

Czech Republic: Gloomy Prospects for Economy / Picture: ©

The Czech Republic has a new government. However, the cabinet of experts has not received a warm welcome by the economy. A government that has already had a concept and vision, and was taking action against corruption was replaced by a cabinet without any noteworthy plan, industrialist Igor Fait complains to newspaper “Hospodarske noviny”. His intentions of doing business in the…