Wednesday, 12 June 2019
Finance | Reuters

The Finance Ministry's new digital tax will apply to internet companies with global turnover of more than 750 million euros and taxable income in the Czech Republic of more than CZK 50 million in a year, Lidove noviny reported on Tuesday. The Czech government is seeking to put in place the digital tax in the middle of next year with a rate of 7% as it seeks to boost budget income as economic growth cools.

Finance | Sport | Brno Daily

On Monday, the Czech government approved a proposal to increase its grant to the Brno MotoGP by CZK 16 million, taking its total contribution to CZK 55 million. The move follows CZK 10 million that was guaranteed by Brno City Council in April, and should put the event on a sustainable financial footing, for this year's event at least.

Business | Nasdaq/Reuters

It would be best if the Czech central bank followed its current pause in monetary policy changes with more interest rate increases, because rates are still not at normal levels, the head of the central bank said on Tuesday. Governor Jiri Rusnok said there was no need to rush with further policy changes, following a rate increase last month that brought the main repo rate to 2.0%.

Business | ING Think

While both the market and the CNB expected a further price slowdown in May, inflation accelerated to 2.9% on the back of strongly growing food and alcohol prices. However, we expect inflation will gradually decelerate in the coming quarters.

Business | Radio Prague

The unemployment rate in the Czech Republic fell to a new low in May, at 2.6% down from 2.7% the previous month. The drop was in line with expectations and is attributed to seasonal work. Labour offices registered 200,675 unemployed in May, with vacancies far exceeding that number at 346,552. The number of vacancies was up by 6,600 compared to the previous month, reflecting greater demand for seasonal workers in the construction industry, gastronomy, tourism, agriculture, and forestry, among others.

Business | Reuters

The Czech government approved a bill on Monday intended to give the Czech National Bank wider powers to regulate the mortgage market, the Finance Ministry said. It is the second time the bill, which gives the bank the authority to set limits on mortgages in relation to borrowers' income, will go to parliament after lawmakers rejected it in August 2017, two months before the last election.

National | Business | Arutz Sheva

Since 1989 and, in particular, since 2004, Israel has acquired new friends in Europe – and the Czech Republic is the outstanding case.

Business | Analytics India Magazine

With the number of deaths caused by road-related issues and accidents reaching 400 per day in countries like India, it has become imperative to find solutions to minimise road fatalities. Added to this there is also loss of time for daily commuters. To tackle the never-ending traffic woes, a Czech based startup RCE Systems proposes an aerial solution to troubles on ground.

Business | Laser Focus World

The ELI Beamlines Institute in Dolni Brezany near Prague with an international team of more than 300 people is now operational.

Business | Telecompaper

Mobile operator T-Mobile Czech Republic has launched public Wi-Fi services on trams between the towns of Most and Litvinov. The services are available along the whole route. It also enables to access a special web portal.

Business | Radio Prague

The German Central Bank has published a prediction on the country's expected economic growth for 2019. It lowered its expectations from 1.6 percent to 0.6 percent. The Czech manufacturing sector is very dependent on German economic strength. However, analysts questioned by the Czech News Agency say that changes in the forecast were expected and will not affect the Czech economy.

Business | Forbes

Taking on the challenge of how national governments can together raise a new generation of entrepreneurs, Forbes brought together the best from both worlds in Bratislava as part of the Forbes Under 30 Global Retreat. On stage, Czech PM Andrej Babiš talked politics and innovation with Jakub Havrlant, founder and CEO of Rockaway Capital and Andrej Pančík, cofounder of Represent, Prizeo and Blue Vision Labs.

Business | Brno Daily

"The city quickly got under my skin," says Nenad, a Training Specialist and Coordinator at Lufthansa InTouch Brno. Brno Daily sat down with him to discuss his career path and adapting to a new life in a different city. Moving from the Croatian city of Rovinj to start a new job in Brno turned his life around, for the better.

Business | Prague Leadership Institute

"Never go out to meet trouble. If you will just sit still, nine cases out of ten someone will intercept it before it reaches you." I love the common-sense and calm Calvin Coolidge's quote always inspires in me. It reminds me of how often we react so quickly to some things and, by doing so, make them more difficult.

Business | Sport | BBC Sport

England's Euro 2020 qualifier against the Czech Republic being played on a Friday night in Prague "is a concern", says the Football Association's head of security Tony Conniford.