Czech Business Today
Volume XIX, 7-2020
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EU Hydrogen revolution
The European Commission presented a Hydrogen Strategy on 8th July 2020. It sets, among other things, that from 2025 to… continue reading »
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MEP Corner
“Renewable resources have made a significant technological leap in the past years. They used to be very expensive, but… continue reading »
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EU-Mercosur Trade Deal – too good to fail
It has been over a year since the EU and Mercosur reached a political agreement on a trade deal between the two, which… continue reading »
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To be or not to be disconnected! Is it a question?
With its report currently under the consideration of the Committee for employment and social affairs (EMPL), the… continue reading »
Flash news
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New COVID support programmes
The Czech government presented new support programmes to help sectors hit the most by the COVID-19 crisis. They focus on the cultural sector (CZK 750 mil.), sport sector (CZK 500 mil.) and bus drivers (CZK 1 bn.). Apart from that, a successful Rent programme will continue with an additional CZK 1.2 bn. to support retail businesses by covering half of the costs of their rentals.
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Czechia supports 55% climate target
After changing the initial critical approach, the Czech government supported the goal of reducing CO2 emissions by 55% by 2030. However, the goal should be set for the EU as a whole, should take specific conditions of each Member State into consideration, should be accompanied by clear and detailed rules and, most importantly, by instruments that will allow EU Member States to increase their ambitions in this area.
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Huge environmental potential in building renovation
The recent publication of the Renovation Wave Strategy by the European Commission could have a significant impact on the Czech Republic vis-à-vis the climate targets. According to the Director of the alliance Chance for Buildings, Petr Holub, up to three quarters of the energy efficiency and more than half of the emissions reduction goals could be achieved through building renovation.