According to the World Bank, further EU sanctions on Russia could significantly harm both sides. Russian government's revenue would decrease by 10 per cent of GDP. European gas prices would surge 50 per cent or about 0.15 percent of GDP. Ukraine situation is estimated to have eroded 1 percentage poi...

On its meeting on 9th May Czech government started the debate on Czech national budget for 2015. Fulfilling one of its electoral promises the government drafted budget incomes and expenditures where the deficit would not be higher than promised 3 % of GDP. As for the numbers it should be 100 bn Czec...

Ahead of the first session of the new European Parliament on 1 July, the process of formation of the political groups is in progress. This heated background talks could affect the power balance of the new Parliament substantially. As expected, many eurosceptic and anti-EU parties had good election r...

According to the refined estimate of the Czech Statistical Office for the first quarter of 2014 the Czech Republic did not stagnate. It grew and in comparison to the previous period it strengthened by 0.4 % and year-on-year its GDP grew by 2.5 %. Jiří Moser, PwC Czech Republic Executive Partner, sai...