The Czech Republic was rated 28th in a ranking by the U.S.-based Heritage Foundation, with a score of 70.4 points, up by 0.6 points, the 2011 Index of Economic Freedom report showed. The country registered progress in five of the 10 economic freedom categories. The Czech Republic is ranked 14th out of 43 countries in the Europe region, and its overall score is higher than the regional and global averages. The improvement in the ranking was supported to a strong commitment to structural reforms aimed at developing a modern and flexible economy. Further growth in economic freedom in the country will require strengthened management of public finances, better protection of property rights, and more effective elimination of corruption. The government is placing a high priority on fiscal discipline and striving for budgetary balance after years of fiscal deficits. |
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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
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
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