Europe

The European Commission (EC) has approved state aid for the Czech Republic worth 5.2 billion euros (CZK 142 billion) for exporters affected by the coronavirus pandemic. Companies with at least twenty percent of their annual revenue from export sales will be eligible for assistance. Statement from the European Commission: The European Commission has approved an […]

• 05/05/2020
• By Petr Dubinsky

The Council of Europe Development Bank (CEB) has approved a loan of EUR 300 million to the Czech Republic. The loan is to finance medical expenses to combat the COVID-19 pandemic. The bank also praised the Czech Republic’s rapid response to the pandemic. “The CEB loan will support the Czech government in its efforts to […]

• 21/04/2020
• By Matt Atlas

The European Commission (EC) approved CZK 1 billion in aid for Czech firms producing medical supplies needed to combat coronavirus. The European Commission has approved a Czech aid scheme of up to CZK 1 billion (approximately €37 million) to support investments by small and medium-sized enterprises (SMEs) in the production of products that are relevant […]

• 15/04/2020
• By Petr Dubinsky

The concentration of nitrogen dioxide has declined when the measures adopted due to the coronavirus outbreak have been in force in the Czech Republic, as evidenced by the comparison of satellite images, Jachym Brzezina, from the Czech Hydrometeorological Institute (HMU), has said.The cause is not quite clear and there may be probably a combination of […]

• 17/04/2020
• By Matt Atlas

The emergency measures imposed by the governments of some Member States must be limited and respect the values of the European Union, Ursula von der Leyen said. Adding that governments cannot fight coronavirus at the expense of freedom of expression or the media. The head of the EU commission appealed to member countries the day […]

• 31/03/2020
• By Petr Dubinsky

The adverse economic effects of coronavirus will push the European economy into a recession. But, the gross domestic product should rebound in the second half of the year. “I think the first half of the year will be very bad. Europe will enter a recession,” de Guindos said. “But I believe we will see growth […]

• 23/03/2020
• By William Malcolm