Consumers Feeling The Pinch

Despite failing to secure support from the opposition Social Democrats and the Communists, the ruling Czech coalition government has agreed to try and get its pension reform plan passed through parliament. The reforms will involve raising the retirement age to 65, as well as increasing to 35 years (from 25) the minimum time spent in employment needed to quality for the full pension. The reform will prove vital to maintaining a balanced budget in the long-term and will prove a key test for the coalition, especially at a time when the leftist opposition is maintaining its lead in the

To read the full article, please choose one of the following options: