February 2005
Emerging Europe Monitor: Central Europe & Baltic States;Feb2005, Vol. 12 Issue 2, p6
Country Report
Country Report
The article provides information about economical, political and business development news related to Czech Republic. Recent polls affirm that the Communist party is the second most popular party, ahead of the ruling Social Democrats that suffered crushing local and senate election results in November. Unexpectedly high fiscal revenues have prompted the government to forecast a 2004 state budget deficit of CZK100bn or less, rather than the CZK115bn originally targeted. A recent report by the Organization for Economic Cooperation and Development has located key flaws in the Czech labor market that obstruct the efficient allocation of labor resources.


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