Czech Republic to pay more to EU budget after GDP revision.

By bne IntelliNews November 22, 2011
The Czech Republic will have to contribute CZK 4.99bn (EUR 195mn) more to the EU budget this year after the statistics office published a revised data on the countrys GDP for 2010, Hospodarske Noviny reported. The revision, announced in September 2011, showed that the countrys gross domestic product (GDP) rose by 2.7% in 2010, compared to previously estimated 2.3%. The revised figures take into account earnings from non-registered companies, the size of the grey economy, and criminal earnings, such as from drugs and prostitution. Now the Czech Republic has to pay over CZK 37bn (EUR 1.4bn) to the EU budget this year instead of the originally agreed CZK 32.25bn, according to Hospodarske Noviny.

Related Articles

Czech CSSD proposes 2014 general and European elections to be held together.

Social Democrats (CDDS), the major Czech opposition party, proposed next year's general and European elections to be held on the same day, CTK news agency reported. CSSD leader Bohuslav Sobotka ... more

Tesco Czech faces fine for selling products containing undeclared horsemeat

The Czech unit of UK retailer Tesco faces a fine of up to CZK 3mn (EUR 116,000) for selling beef lasagne containing undeclared horsemeat, Radio Prague reported. The state-run Agricultural and Food ... more

Czech Senate votes to limit immunity of lawmakers, judges.

The upper house of the Czech parliament, the Senate, voted on March 20 a constitutional amendment to limit the immunity of lawmakers and constitutional judges, Radio Prague reported. Out of the ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss