A Czech legal expert on why trust funds are perfect for protecting wealth
Creating trust funds in Czechia only became possible a decade ago, but is quickly becoming a popular vehicle for transferring assets between generations.
VAT drops, but not all foods in Czechia have become cheaper – why?
A study comparing four major retail chains in Czechia has found that, since a change in the country's VAT system, prices have generally declined.
A compromise between cards and cash? Czech banks launch new payment system
The new tool which negates the need for a classic payment terminal, helps reduces fees for businesses and is open to all bank clients.
Less bureaucracy, more foreign talent: Could these reforms save the Czech economy?
To counter Czechia's faltering economy, the NERV advisory body has revealed 37 recommended changes to the labor market, public administration, and more.
Leader Talks: Orlen Unipetrol CEO Tomasz Wiatrak on the fuel industry's race to a sustainable future
We talked to a Central European petrochemical and fuel industry leader about the global energy transformation and the future of fossil fuels in Czechia.
EXPLAINED: A step-by-step guide to car insurance for foreigners in Czechia
From finding the right provider to choosing the right coverage, our guide to insuring your ride will help you (legally) hit the road.
EXPLAINED: Why Czech PM is saying 'not yet' to euro adoption
In a program statement, Fiala definitively ruled out talks about adopting the single currency until late 2025 – he says the country is not prepared yet.
Supermarkets pledge to reduce food prices – but will they drop in 2024?
The drop in the VAT rate for food – from 15 to 12 percent – has raised hopes for a drop in supermarket prices in 2024. However, this may not be a reality.
Czechia navigates pivotal 2024 with elections, tax reform, and nuclear questions ahead
Elections for one-third of the Senate will serve as a crucial test for political parties leading up to the 2025 general elections.
Euro adoption pros and cons: Czech economists react to the president's speech
Political analysts and economics shared mixed views on Czech President Petr Pavel's New Year's Day speech which advocated for euro adoption.
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Water and heating prices to increase in Prague next year
Gas and electricity prices, however, will remain stable, while the cost of public transportation tickets will also remain the same.
EXPLAINED: How Czechia's state budget works – and why the deficit could affect your finances
Next year’s budget aims to curb spending and increase revenue by ramping up taxes and ending tax concessions. What does this mean for everyday citizens?
Czechia welcomes a BMW icon reborn with fully electric drive
The new 5 Series Sedan is available in a range of options including fully electric, underlining BMW’s commitment to sustainable premium mobility.
EXPLAINED: What's driving the record-low approval of Czech politics?
Many accuse the government of not doing enough to tackle the country’s soaring cost of living and criticize the state’s fiscal policies.
Czechia's average wage surges by 7 percent, but declines in real terms
Despite a sizable increase in nominal wages, rampant inflation seen in much of the past two years has actually devalued salaries.
Brace for winter: Heating prices set to rise in 2024 across Czechia
The cancellation of state subsidies and increase in value-added tax will cause a double-digit rise in heating prices next year.