Word: czech
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United States sources hint at the possibility of an agreement between Russian and Czech officials to permit the plane to land in Prague...
John Leddy, Assistant Secretary of State for European Affairs has also notified the Czech ambassador of the serious ness with which the United States views the arrest. The U.S. embassy in Prague has asked for consular access to Kazan-Komerak...
Last week Czech economists were putting the finishing touches on an economic reform program designed to rectify that disastrous situation. It shatters the rigidity of central planning, establishes realistic prices and eliminates subsidies, forces each Czech factory to pay its own way or close down. In its sweep and good sense, it transcends any other reform plan in Eastern Europe...
...competition enough among domestic producers to keep prices healthy, though he does not rule out the need for price-fixing at the top, if need be, to control inflation. On the foreign-trade level, he hopes that competition in the realistic world of market prices will force specialization on Czech industry. "At present," he explains, "we produce 78% of the total world spectrum of types of machinery. This is impossible for a small country. Thus we hope our measures will hasten specialization." Already some 1,300 "redundant" Czech factories have been closed, and another 1,400 of them may shut...
...nonsensical precisely because it tried to determine future trends without knowing what the technological trends would be." Now central planners will only advise the banks about the climate of investment to guide them in their credit policies. Instead of handing out fat subsidies as in the past, the Czech central bank will charge 6% interest on capital loans-a price that should "make plant managers all the more concerned to develop in the right direction. Already the Czechs have established Western-style business-administration schools to teach the new economic skills to managers who in the past were totally unaware...