As expected, the Cabinet won a confidence vote in the lower house of Parliament on Friday. Moreover, all government-proposed public-finance bills, a major component of the government's effort to combat the state’s dire public deficit, were approved. As a result, the corporate-income-tax rate should decline from the current 31% to 24% by 2006, the reform is still a subject to Senate’s approval and president’s signature.
Jiří Soustružník