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Economy / Czech Republic

Bumper Year For Growth

March 2008 | Ratings Update

The Czech-Moravian Chamber of Unions (CMKOS), the largest trade union in the Czech Republic, called a strike alert on March 3 over the government's tax and health reforms. This was partly due to government plans to raise the retirement age to 65 from 63 and concerns over pension reform. Widespread strikes are not as common as in other parts of emerging Europe, and with half a million people belonging to CMKOS, a large scale and drawn-out strike may prove damaging to the ruling government's popularity.

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