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Mr. Janota's tip for lower wages and contributions.

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| June 01, 2009 | COPYRIGHT 2009 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Access Czech Republic Business Bulletin)

Czech Republic: The Minister of Finances Mr. Eduard Janota plans cuts in expenditures to keep the deficit of the state budget on the level of CEK 165 bil in 2010. This is a historically record deficit. If the economy measures of Mr. Janota are not realized, the state budget deficit will be CEK 220 bil in 2010. The state budget deficit for Jan-May 2009 was CEK 71.4 bil. Mr. E. Janota ...

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