PragueConnect.cz - Business News in English

Business News from Czech Republic by PragueConnect.cz and several sources, collected all on one platform! Want to have your business news listed with us?  Contact us

Managers twist information about state firms

According to the Security Information Service (BIS), the number of state-firm managers who conceal real financial management status from Supervisory Boards is increasing. Some state decisions are thus based on misleading information. Minister of Finance Jan Fischer therefore created a working group to present the first draft of a possible solution by the middle of November. However, better control may be implemented by his successor-to-be.

Source: www.govdaily.cz/en/