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 […]
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, […]
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 […]
The French competition authority has fined the US Internet company Google half a billion euros (CZK 12.8 billion) for failing to reach an agreement with news publishers. Google has faced accusations by French publishers APIG, SEPM, and the AFP news agency for not dealing with them in good faith about rewards for receiving their content. In April […]
The European Commission (EC) will postpone the plan to introduce a digital tax as an additional source of revenue. This was stated by a spokesperson at a press conference in Brussels today. The Commission originally wanted to present the proposal this month. The announcement came after Sunday’s review of the EU’s plan to tax large Internet companies, […]
The Slovak Constitutional Court has banned the holding of a referendum on calling early elections, the announcement of which was requested by a petition of over 585,000 Slovaks. It follows from today’s court verdict. At the instigation of President Zuzana Čaputová, the constitutional judges considered the referendum and concluded that it was not in accordance with the […]
The economic mood in the European Union reached its best level in 21 years in June. Its index rose by three points to 117 points. The European Commission announced it today. According to the commission, the economic mood index in the Czech Republic rose to 106.1 points from 99.4 points in May. The growth in the EU economic […]
The member states of the European Union today formally approved the so-called climate law, which sets binding rules for achieving the EU’s common emission targets. A key standard of the EU’s environmental strategy sets out how the Union should achieve climate neutrality by 2050. Thus, not to produce any greenhouse gas emissions, or to balance them, for […]