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ARTICLE · 12 JULY 1996

Czech News - June 96 - Post-Elections Coalition Agreement

Czech RepublicStrategy
The stated economic goals of the new coalition government following the June elections include:

  • overall reduction of the burden of taxes;
  • preparation and implementation of the banking privatisation strategy;
  • integration of health and sickness insurance;
  • increase of the capital market transparency;
  • amendments to the inheritance and gift tax legislation;
  • changes in the depreciation regimes to support investment activities;
  • preparation of anti-dumping legislation;
  • the main objectives of the economic policy are declared to be currency stability, reduction of inflation, maintaining the 5% annual growth of GDP and maintaining the low level of unemployment.

It is expected that the process of legislative changes may be more time consuming than in previous years. All new laws must be approved by the Parliament, where the coalition parties have lower support based on the elections results.

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