Europe

Amazon Hit With Record EU Data Privacy Fine

Amazon received a fine of 746 million euros (19 billion crowns) from the European Union for transferring personal data in violation of the rules for their protection, known as GDPR. The company said this in a detailed financial report that publicly traded companies in the United States are required to file with the Securities and Exchange […]

Eurozone GDP Rebounds 2% In 2nd Quarter

The European Union’s economy returned to growth in the second quarter. It thus emerged from the double recession caused by the covid-19 pandemic. Eurostat announced today in its first flash estimate that the EU’s gross domestic product (GDP) increased by 1.9 percent compared to the previous three months. Germany, Italy, and France showed rapid growth, and the Czech economy returned […]

EU Gives Google 2 Months To Improve Flight, Hotel Search Results

The European Union has given Google two months to improve search for hotels and flights, and to explain how search results are ranked. Otherwise, the company faces sanctions. This has been announced by the European Commission (EC) and European consumer protection authorities. The practices of the world’s most popular search engine run by the company have long been […]

agrofert andrej babis
Agrofert Sues The EU A Second Time

Mlékárna Hlinsko of the Agrofert Group has brought an action before the Court of Justice of the European Union. He complains to the EU tribunal about the suspension of subsidies, which resulted in a conflict of interest of the Czech Prime Minister Andrej Babiš (ANO) as a result of the audit. The dairy does not agree with […]

EU Approves Czech Recovery Plan

The European Commission today approved the Czech National Recovery Plan, which will open the way for the Czech Republic to 180 billion crowns in subsidies from the European Union’s emergency crisis fund. According to the commission, the plan meets the set ecological or digital criteria, but the Czech authorities will have to avoid a possible conflict […]

EU Set To Approve Czech Recovery Plan

The European Commission will complete the evaluation of the Czech recovery plan on Monday at the latest, on the basis of which the Czechia will receive approximately 180 billion crowns from the extraordinary pandemic fund.  “It is practically done, it will be official on Monday,” one of the sources for approving the Czech investment strategy. The […]

EU Unveils Sweeping Climate Change Plan

The European Union is preparing to expand the system of emission allowances in an effort to meet stricter climate targets. The European Commission has proposed that they should also be used to pay for air pollution from road or shipping transport and heating of buildings. As part of the most fundamental package of climate-friendly measures to date, […]

EU Approves A Dozen Pandemic Recovery Plans

The European Union has today approved the first 12 national recovery plans, which will allow member states to start drawing money from an extraordinary fund for economic recovery after the coronavirus crisis in the coming weeks. Among other things, the finance ministers approved contributions for Italy or Spain, which are the countries that will be the […]