Czech Business Today
Volume XX, 5-2022
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The Czech Republic convened an extraordinary Council of Ministers for Energy in Brussels
The Czech Republic convened an extraordinary Council of Ministers for Energy in Brussels on 9 September, chaired by… continue reading »
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The Confederation of industry of the Czech Republic hosted leaders of BUSINESSEUROPE
The newly elected President of the Confederation of European Business (BusinessEurope), Fredrik Persson, accompanied by… continue reading »
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High electricity and gas prices are only now becoming apparent for companies
According to the survey of the Confederation of Industry of the Czech Republic (SP CR), up to 80% of companies do not… continue reading »
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EESC Corner: REPowerEU Plan
The EESC as the representative of civil society, which is unduly affected by the current dramatic price increases… continue reading »
Flash news
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A VAGUE MESSAGE FROM BRUSSELS
The Czech solution should consist primarily in capping electricity prices for consumers. The estimated cost of compensation for the capping of energy prices is CZK 130 billion. An amendment to the Energy Act, which defines an “exceptional market situation” justifying price regulation, is being hastily prepared.
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THE FIRST LIQUEFIED GAS SHIP FROM THE UNITED STATES
The Czech Republic officially opens an LNG terminal in Eemshaven, the Netherlands, which can cover about one-third of the country’s annual gas consumption. On 20 September, the first liquefied gas ship from the United States arrived at the terminal, and gas will soon start flowing into the Czech Republic.
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SUBSIDIES FOR THE CONSTRUCTION OF WIND POWER PLANTS
Companies can start applying for subsidies for the construction of wind power plants. A total of half a billion Czech crowns are available for applicants. The subsidies are administered by the Agency for Enterprise and Innovation (API), which is established by the Ministry of Industry and Trade of the Czech Republic. Companies can submit more than one application. They can receive up to 80% of eligible expenditure back in the form of a grant, up to a maximum of EUR 15 million per company or project.
