Czech Republic

Tax rates are a political decision with fiscal impacts. And despite the fact that all voters are influenced by taxes, at least voters who have a strong opinion on the issue of excise duties (e.g. alcohol, tobacco, etc.) affect the election outcome.

The Centre for Economic and Market Analyses published a study about the shadow economy in the Czech Republic. The study deals with the theoretical aspects of shadow economy, methodology and definition, it includes international comparison, determination of driven factors as well as provides a further analysis of chosen industries.

We have the pleasure the present you the third of the series of our policy papers that we will be publishing in the near future. The publication discusses the issue of Internal Market and the EU-Russia Sanctions and examines experience of Visegrad Countries one year on. Enjoy your reading!

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.

KSCM has no intention to transform itself into a modern leftist party. Its stance, supported by the extraordinary orthodox program, is close to pure Marxism and their proponents repeatedly tend to doubt the post-revolution development, deny the communist crimes and to praise the socialist era as something what should be followed

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.