By Organisation for Economic Co-Operation and Development
ISBN-10: 9264007164
ISBN-13: 9789264007161
Read or Download Oecd Economic Surveys: Czech Republic - 2004 Issue 17 (Oecd Economic Surveys) PDF
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Extra resources for Oecd Economic Surveys: Czech Republic - 2004 Issue 17 (Oecd Economic Surveys)
Example text
There are structural mismatches in skills Structural mismatch between the skills of the labour force and the demands of employers also hampers the labour market. Shortages in skilled labour are frequently reported by employers and in the press. A recent study by Czech researchers confirms this (National Employment and Education Observatory and the National Training Fund, 2003). 11 To some extent labour shortages are part and parcel of economic restructuring. But they also reflect issues in the level and mix of educational attainment and weaknesses in the education system.
Total annual FDI inflows have been equivalent to between 9 and 12 per cent of GDP over the past few years (with the exception of 2003 when privatisation receipts were very low), with manufacturing-sector FDI representing between 1½ and 4 percentage points of the total. Alongside the successful manufacturing operations, some traditional largescale enterprises have not weathered the economic transition process easily. The most notable examples are coal mining and steel production. These sectors have been supported by considerable subsidy in the past.
More shifts were made in May 2004, but not as many as were aimed for in the second tax package agreed in February 2004. 1. 7 Ministry of Finance, Budget Outlook, 2003-2006 (2003). 2. 3 Ministry of Finance, Budget Outlook, 2003-2006 (2003). bly, a VAT increase on hotel services has been postponed and planned increases on a number of items including water, sewage and cultural events have been cancelled altogether. In addition it was decided to lower the standard VAT rate from 22 to 19 per cent and to introduce one-off compensation to households for the VAT-related price increases (neither of these measures was in budget proposals).
Oecd Economic Surveys: Czech Republic - 2004 Issue 17 (Oecd Economic Surveys) by Organisation for Economic Co-Operation and Development
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