The European Union’s economy returned to growth in the second quarter, emerging from a double-dip recession caused by the covid-19 pandemic. The EU’s gross domestic product (GDP) increased by 1.9 percent compared to the previous three months, the European statistical office Eurostat reported. He thus confirmed the preliminary data from the end of last month. The EU […]
The Czech Republic will be able to challenge the European Commission’s action against subsidies for companies from the Prime Minister Andrej Babiš’s trust fund. The Czechia should be represented by the Ministry of Foreign Affairs in the dispute. According to the statement of the Ministry of Finance, the Czech Republic will be allowed to go to court […]
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 […]
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 […]
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 […]
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 […]
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 […]
The average wage in euros in the Czech Republic is 1,368 euros (CZK 34,932), which is the highest value among the Visegrad Four countries (V4). The highest average wage in the whole of Central and Eastern Europe is in Germany, namely 3978 euros (101,578 CZK). It is followed by Austria with 3108 euros (79,363 CZK). The lowest average […]
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 […]