Minister of Finance Andrej Babis suggests that adoption of the euro currency should depend more on a dialogue with citizens of the Czech Republic. Therefore, he would like to organize a referendum on adopting euro. And the referendum should be tentative.
Fiscal policy is not just about taxation. And, moreover, the ongoing debates often miss actual numbers. And what are the actual recent fiscal numbers in the Czech Republic? Let’s look into that.
In 2014, the Czech economy did well. All reports have forecasted the same for 2015. The publication of the Czech Statistical Office dealing with the development of the Czech economy in the first quarter of 2015 confirms it. So how well did we do after all?
The energy issue is one of the most important, i.e. most frequently discussed topics in every country in the world. And so it is in the Czech Republic.
On Monday, April 13, 2015, Vit Jedlička, a Czech politician and a liberal economist, put up the flag and established a new sovereign state called Liberland on the territory of former Yugoslavia. On the 7 square kilometers of Terra Nullius claimed by none of its neighbouring countries (Serbia, Croatia) the liberal values shall take reign.
The look back at 2014 will include mainly good news. While comparing to traditional benchmark – the average performance of the European Union – the Czech GDP growth rate was significantly higher than the growth rate of the EU. The Czech economy has had a faster growth than the EU in five quarters in a row.
According to the analysis provided by the Czech Statistical Bureau, which was devoted to the macroeconomic aspects of tourism in the Czech Republic, tourists still spend more money in the Czech Republic than Czech tourists do abroad.
The debt which was devalued at the Prague Castle, has been back in 32 minutes and 51 seconds. And then again. And again. And again.
The most negative impact is definitely going to hit Russian citizens themselves, because prohibiting of food imports dramatically lowers their utility, reduces economic activity, including job creation, and last but not least it cuts disposable income in their wallets.