Maláčová: Govt to discuss entry into key companies

(ČIA) The government will discuss the proposal put forth by Prime Minister Andrej Babiš (ANO) that the state could enter into key companies if they faced problems due to the economic impact of the coronavirus epidemic. This statement was made by Minister of Labour and Social Affairs Jana Maláčová (ČSSD) on Czech Television’s debate, Otázky Václava Moravce. She added that the privatisation of ČSA had been a mistake in the past and if the state gets rid of strategic firms, it needs to save them in times of crisis anyway. However, the profits will remain private and losses will be public. CERGE-EI economist Filip Matějka added that large firms can be secured by banks that will find a way how to help them. The state should focus on flat assistance, especially to small and mid-sized companies.



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