Emerging from the meeting of EU finance ministers in Luxemburg on Monday, Czech Finance Minister Miroslav Kalousek (TOP 09) told reporters that as a part of the European Financial Stability Mechanism (EFSM), of which all the EU member states are members, the Czech Republic may be obliged to contribute Kč 3.5 billion towards guarantees for a second Greek bailout package.
The Prague Quadrennial bills itself as the world’s largest performance design event, with 62 countries participating. The biggest section will be at the National Gallery’s Veletržní palác. But anyone walking past the National Theater would have noticed a temporary structure being built that will house planned exhibits as well as happenings.
Following a 45 percent year on year drop in foreign direct investment (FDI) in Central and Eastern Europe (CEE) in 2009, capital inflows began to pick up again in 2010, according to an Erste Group report. The Czech Republic led the pack, with FDI inflows more than doubling last year at almost 4 percent of GDP.
The level of employment for women across the EU-27 drops for each child that the woman has, according to statistics released by Eurostat to mark International Women’s Day on March 8. The Czech Republic follows the same trend. Men, on the other hand are more likely to work after the first and second child. There were seven times as many single moms across the EU as single dads, which rose in the Czech Republic to nine times as many single moms.
Germany, the largest European economy and the Czech Republic’s top export market, set a strong example of fiscal discipline before and during the financial crisis. Now, the German economic way of thinking is being adopted by more and more countries that had been living beyond their means prior to the downturn, says Mark Cliffe, chief economist of the ING Group.