PragueConnect.cz - Economy

PragueConnect.cz is providing resources for English speaking Business Professionals living in, visiting, or interested in Prague and Czech Republic. Browse our latest Economy articles, if you have interesting content to share with our users, please feel free to contact us anytime to discuss with us possible publication on PragueConnect.cz!

Babiš: State should provide lower export guarantees

Firms and banks insuring their exports via EGAP should pay up to twice as much than is the current 5%, according to Minister of Finance Andrej Babiš (ANO). The state has had very bad experience with the export bank registering many billions of irrecoverable debts, he added. It is no longer possible for the state to guarantee everything, he said. Commenting on this issue, the director general of the Confederation of Industry, Dagmar Kuchtová, said this was a bad step for the exporters’ competitiveness.

Source: www.cianews.cz 

 
 
 
 
Sign up for Prague’s hottest newsletters to stay up to date and know what’s going on in town! Prague Daily Monitor: Prague’s # 1 source for Czech news in English… delivered straight to your inbox daily. Sign up for free nowPrague.TV – Living Like a Local: 2x a week, our newsletter keeps you up to date with the HOTTEST and BEST news for Prague's Expats and English Language community. Exclusive price draws & Special partner offers for registered members. Sign up for free now!

 

Exchange rates
Upcoming Events