Johnny Munkhammar skrev på denna blogg från 2004 till sin död 2012. Bloggen är upprätthållen som ett minne och som referens till Johnnys arbete av Johnny Munkhammars minnesfond.

This blog was operated by Johnny Munkhammar from 2004 until 2012 when he passed away. This blog is now in a memorialized state and operated by the Johnny Munkhammar fund.
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Friday 29/03/2024, 02:43:16

18/04/2005 12:17:49 pm
Booming Prague. The purcasing power of the average citizen in Prague, the Czech capitol, is 153 per cent of the EU average. And that is apparent for any visitor; clean streets, renovated buildings, new cars, exclusive shops and restaurants. It is the result of the economic boom following the collapse of the planned economy and the Wall - and it has intensified following EU membership. Growth this year is estimated to be some 4,5 per cent. By 2010, the Czech Republic will probably have introduced the euro - they are already close to fulfilling the criteria - which is likely to boost exports and investments even more. They will probably also lower their corporate tax from 28 to 24 per cent, due to competition from other new EU members. Tax competition does not only affect Old Europe.

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