The minimum wage will increase to CZK 15,200 next year. The proposal was approved by the Government of the Czech Republic last week. The minimum wage will increase by CZK 600. It will thus reach 42.4% of the average wage. The minimum wage in the Czech Republic is currently CZK …
What is Brexit? Brexit is the name for the process of UK withdrawal from the EU. A referendum was held in the United Kingdom on June 23, 2016, in which the British voted in favour of the UK’s withdrawal from the EU by a 51.9% majority (17.2 million votes). Following …
Coronavirus and anti-epidemic measures have reduced business activities and diminished income in almost every business sector all around the world. The Czech government prepared various subsidy programs and financial reliefs to partially compensate these outages. We are bringing you an overview of the available financial support for business now affected …
The compensation bonus will follow the proven model from the spring months of this year (for self-employed, small s.r.o. companies and part-timers on DPP or DPČ). For each day of closing the establishment or direct impossibility or restriction of business, the Financial Administration will pay CZK 500 per day. Applicants …
One of the largest startup events in Europe, the Startup World Cup & Summit (SWCSummit), will take place in Prague on October 14, 2020. The bottom line of the program will be the continental final of the Startup World Cup competition. A total of 12 finalists from previous regional rounds …
The national INOSTART Program, created in cooperation with the Ministry of Industry and Trade, Czech-Moravian Guarantee and Development Bank and Česká spořitelna, a.s., is aimed at supporting the innovative activities of start-ups and small and medium-sized enterprises that have been in business for less than 3 years and that do …
The Ministry of Industry and Trade (MIT) in cooperation with the Ministry of Culture (MK) has published a call for the COVID-Culture program. The Program aims to provide financial support to businesses in the field of the culture whose business activities have been restricted in connection with the negative effects …
The fifth edition of the Business Guidebook: Czech Republic – The Country for Investment in Challenging Times was recently issued by The Association for Foreign Investment (AFI). This guidebook provides comprehensive information about investing in the Czech Republic for incoming and existing businesses. The authors of the individual articles are …
The Czech Republic is among the leading places to invest in for this year, according to CEOWORLD. The Czech Republic ranked as the 10th most attractive nation for investors and businesspeople. As one of the most stable economies in the EU and one of the most advanced CEE countries, the …
From 2021, all Prague trams will be equipped with a multi-installation receiver of satellite navigation systems, which will help to significantly improve the location of trams in the streets. On the basis of more than two years of cooperation of Prague’s Public Transit Company (‘Dopravní podnik hl. m. Prahy‘), the …