Czech Business Today
Volume XIX, 4-2020
-
EU Recovery plan: The Czech Republic should start a “happy” economic period
On 27th May, the European Commission presented a plan to facilitate the recovery of the European economy after the… continue reading »
-
Competitiveness of EU companies is crucial for recovery
The European Commission presented its eagerly awaited proposal for a post COVID-19 crisis EU recovery plan. It is based… continue reading »
-
EESC Corner: EESC Employers Group contributing to the prepared opinion on the EU Action plan for Single Market
The European Commission stresses in its communication for the 2020 European semester: Country specific recommendations… continue reading »
Flash news
-
Recommendations for the Czech Republic 2020
In its 2020 recommendations to the Czech Republic, the European Commission recommends ensuring the resilience of the healthcare system, supporting employment through active labour market policies, supporting skills more effectively (including digital skills), supporting SMEs by making greater use of financial instruments to support liquidity, reducing administrative burdens and improving e-Government. The Commission also recommends focusing investments on green and digital transformation.
-
COVID loans for Czech businesses
Czech entrepreneurs will have the possibility to apply for soft loans in order to recover from the crisis. Loans will be granted by commercial banks and guaranteed by the Czech-Moravian Guarantee and Development Bank which will have a leverage effect on loans up to CZK 500 billion, thus supporting approximately 150,000 self-employed persons and SMEs. The programme called COVID III was approved by the European Commission in May 2020.
-
Czech businesses in tourism requests vouchers
The offer of advantageous vouchers for domestic stays, reduction of VAT on services in tourism and extension of the Antivirus program are considered essential by business representatives of the tourism sector which is suffering due to the COVID-19 crisis. Without these measures it is not possible to quickly restart the tourism sector and maintain jobs. The Czech government will defend, before the Commission, its legislation which allows travel agencies to issue travel vouchers instead of cash for cancelled trips. Vouchers can be rejected i.e. by persons 65+, handicapped people, schools, unemployed or parents on parental leave.
