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Czech Republic: Gloomy Prospects for Economy

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.

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…

This article includes a total of 480 words.

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