New Business Platform Launched by CzechInvest to Unite Companies and Government in the Fight Against Coronavirus
The new platform aims to connect as many companies as possible that are willing and able to help the state control the spread of COVID-19. It also enables companies to…
Czech Government To Support Self-Employed With CZK 25,000 Lump Sum Payment
Self-employed workers affected by the pandemic will receive a one-time payment of CZK 25,000 from the state, announced Finance Minister Alena Schillerová after a government meeting on Tuesday afternoon. Photo:…
In Brief: Government Adopts New Financial Measures to Support the Self-Employed
Self-employed workers affected by the pandemic will receive a lump sum of CZK 25,000 from the state, announced Finance Minister Alena Schillerová after a government meeting on Tuesday afternoon. Title…
Czech National Bank (CNB) Slashes Interest Rates For The Second Time In Ten Days
The board of the CNB cut its main interest rate by at its meeting on Thursday. It also made a clear statement of its willingness to take further steps to…
Chamber of Commerce: ‘The Government Needs to Do More to Help Businesses’
After the tsunami of regulations aimed at controlling the spread of COVID-19, many businesses and individuals are faced with the prospect of economic collapse. The government has taken action. But…
Czech Government Announces Relief On Tax Obligations Due To Covid-19 Pandemic
The measures are designed to relieve pressure on businesses adversely affected by the coronavirus outbreak, and also to limit the need for public offices to open during the state of…
Czech National Bank Indicates That It Will Not React Immediately To the Coronavirus Situation
Whilst the US Federal Reserve announced an emergency half percent cut in interest rates on Tuesday, the Czech National Bank (CNB) is giving out the message that they are not…
Employment Rate in the Czech Republic Up By 4% in The Past Decade
Over the past decade, seven out of eight Czech regions* saw an increase in their employment rate, with an average of 4%. Most of the countries in the European Union…
European Investment Bank Support for Czech Projects Doubled in 2019
In 2019, EIB Group’s investments in the Czech Republic reached almost EUR billion, more than twice the figure for 2018. The funding was mainly directed towards SMEs and the transport…
Coronovirus, How Worried Should We Be About The Economic Effects?
Panic about the coronavirus is spreading. There are widespread reports of empty shelves in Czech supermarkets and Czechs cancelling trips abroad. This is before even one case of the virus…