TITLE

CZECH REPUBLIC: RISK SUMMARY

PUB. DATE
October 2005
SOURCE
Emerging Europe Monitor: Central Europe & Baltic States;Oct2005, Vol. 12 Issue 10, p6
SOURCE TYPE
Country Report
DOC. TYPE
Country Report
ABSTRACT
The article presents political and economic news related to Czech Republic. Fresh allegations of financial scandal in the government threaten to undermine the efforts of Czech Prime Minister Jiri Paroubek to rescue his party after the political crisis earlier in 2005. The upsurge in global oil prices in the wake of Hurricane Katrina in the United States has been felt by Czech drivers, as petrol prices jumped up overnight. The price movement caused queues at petrol stations amid fears that further hikes could lie ahead. The government has approved a proposal to revamp the country's bankruptcy law, with the aim of reducing the length of bankruptcy proceedings and the potential for corruption.
ACCESSION #
18320360

 

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