login
login

Europe Daily Bulletin No. 9487

25 August 2007
GENERAL NEWS / (eu) eu/economy
Czech Republic tightens its belt

Brussels, 24/08/2007 (Agence Europe): - In a tight vote earlier this week (101 votes in favour and 99 against), the Czech parliament endorsed a package of austerity measures to improve the country's finances. The reforms include a simplified income tax of 15% in 2008, falling to 12.5% in 2009. Company tax will fall from 24% to 21% in 2008, followed by a further 1% fall in 2009 and again in 2010. Cuts will be introduced in healthcare (sick pay, child allowance for the first child and family...