OECD's recently published Pensions at a Glance 2015 report says that about half of OECD countries have taken measures in the past two years to make their systems more affordable in the long term. A third have made efforts to strengthen safety nets and help some vulnerable groups of pensioners. The report also highlights the challenge of the current low-growth, low-interest rate environment for savers and financial service providers offering life insurance and annuities. In addition, the mortality tables used by insurers in many countries do not take fully into account projected improvemetns in life expectancy. Read details about the Czech Republic...

The Czech Government decided today that Minister of Industry and Trade Jan Mládek will not support a joint initiative of 

seven Central European states against the expansion of the Nord Stream natural gas pipeline...

In terms of living conditions, our Member States have been drifting apart instead of moving closer together...economic growth and social fairness must go hand-in-hand...We want to prioritise investment without forgetting human capital and related social investment, said EU Commissioner for Employm...

According to recent Eurostat data, in every EU Member State, energy taxes generated by far the largest part of environmental tax revenues in 2013. Energy taxes were particularly prominent in Lithuania (94%), the Czech Republic and Luxembourg (both 93%) where they accounted for more than 90% of tot...