Government representatives announced last week that intense negotiations were under way with all the major Czech banks to provide low-cost loans and financing for EU structural fund projects starting next year.
After years of focusing on less profitable corporate clientele, small- and medium sized enterprises (SMEs) are now all the rage in the Czech banking sector. The past two years have seen a boom in the SME business.
The four bodies currently overseeing the Czech financial market will gradually merge over the coming years, resulting in one institution overseeing the market by 2009 or 2010, according to the Finance Ministry, the Czech National Bank (CNB) and th
The European Bank for Reconstruction and Development (EBRD) has identified flaws in the legal framework for business and the bankruptcy process in its latest assessment of the Czech Republic.
Central European governments are rightly betting that slashing their base corporate tax rates will attract more direct foreign investment (FDI). As the 1 May 2004 date of EU enlargement approaches the race to the bottom is heating up.
CSOB Leasing, a leader on the Czech leasing market last year, signed contracts with a total value of 10.1 billion Czech crowns ( Kc ) from January-September this year, up 5.7 percent year-on-year.
Central Bohemia is the most popular Czech region among foreign investors. It has attracted investment worth US$2.4 billion, according to CzechInvest, the government agency charged with attracting foreign investment.
The government yesterday approved a strategy for adopting the euro in 2009 or 2010.
A VAT Act amendment has passed into law that will increase VAT rates for selected services as of 1 January 2004. This is far from being the only important change for taxpayers.
The Czech Credit Bureau (CCB), the company in charge of a privately run register of the credit risk of individuals for seven Czech banks—including the three largest—had reason to celebrate as it clinched two deals last week to run similar register
