Volume XXII, 2-2024

REACHING AGREEMENT ON CORPORATE SUSTAINABILITY DUE DILIGENCE

Member States have given the green light to the agreement reached in the trialogue on the sustainability of businesses… continue reading »
PROPOSED AMENDMENTS TO LABOUR LAW THREATEN VULNERABLE GROUPS: CONCERNS RAISED BY CZECH CHAMBER OF COMMERCE

The governing coalition could negotiate agreement modifications as early as this week. Discussions in the expert group… continue reading »
DIGITAL SAFARI. ARTIFICIAL INTELLIGENCE CAN ENHANCE COMMUNICATION BETWEEN TRADERS AND THE STATE

The Ministry of Industry and Trade of the Czech Republic (MPO) is exploring waysto integrate artificial intelligence… continue reading »
EESC CORNER: POSTING DRIVERS: TWO YEARS WITH NEW RULES

The topic of posting drivers in road transport aroused great passion during the discussion of the European mobility… continue reading »

CEBRE calendar

THE EU WILL RELEASE OVER 70 BILLION TO THE CZECH REPUBLIC FIRMS AND HOUSEHOLDS FOR ECOLOGICAL PROJECTS

The European Union will allocate over 70 billion crowns to the Czech Republic for ecological projects. The money comes from the EU Modernization Fund, which uses revenues from trading emission allowances. Part of the funding, approximately 32 billion crowns, will be allocated to the construction of photovoltaic power plants, while 22.4 billion crowns will go to the modernization of transport, including rolling stock and mass transport. Another 12.5 billion crowns are reserved for investments in the heating industry, with the aim of reducing carbon dioxide emissions. In total, the Czech Republic received 267 billion crowns from this fund.
CZECH NATIONAL BANK CUTS BASE INTEREST RATE TO 5.75 PER CENT

On the 20th of March, the Czech National Bank’s Bank Board cut the base interest rate to 5.75 %, making interest rates on mortgages and corporate loans therefore expected to fall. The Bank Board’s decision should not significantly impact the exchange rate of the Czech crown, as the currency is technically stable. The last interest ratethis low was almost two years ago. Analysts expect that the current pace of the reduction will not slow down; in fact, there is a real possibility of it gaining momentum.