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Czech Republic

Adoption of Euro in 2009-2010

The government yesterday approved a strategy for adopting the euro in 2009 or 2010. The prerequisites for the transfer to the European currency are a successful consolidation of public budgets, a sufficient level of real convergence, and progress in structural...

#bank

Factoring to attract VAT in amendments to Act

A VAT Act amendment has passed into law that will increase VAT rates for selected services as of 1 January…

#debt collection#financial services#receivables


Credit bureau to set up new registers

The Czech Credit Bureau (CCB), the company in charge of a privately run register of the credit risk of individuals…


Rushed euro adoption risky

Rushed adoption of the European single currency by the Czech Republic would be risky for the economy, which could suffer…


Study predicts adoption of Euro in 2009/2010

The Czech economy should adopt the euro in 2009-2010, says a document compiled jointly by Czech National Bank (CNB) and…

#bank#economy


Finance Ministry: corporate tax rate unlikely to fall beyond...

No additional cuts in the corporate tax rate are likely beyond the government's current plan to reduce the rate from…

#forum#investment


Foreign investment inflow reaches Kc 1.27 trillion

The Czech Republic has attracted foreign investment worth Kc1.27 trillion (Kc127,000 per capita) the largest amount in central and eastern…


Parliament approves gradual decrease in corporate income tax

The Chamber of Deputies, the Czech lower house of parliament, has approved an amendment to the income tax cutting corporate…


SME rating agency enters pilot phase

Promising increased transparency and easier access to financing for small-and medium-sized businesses (SMEs), the Prague Chamber of Commerce, Czech Credit…


Ceska Sporitelna launches energy conservation loan programme

Savings bank Ceska Sporitelna is to launch a new money-lending programme Finesa that will provide loans to small- and medium-sized…

#bank#international#investment


Parliament overturns presidential veto on VAT

The Czech Chamber of Deputies (the lower house of parliament) overturned a veto by President Vaclav Klaus on Tuesday (23…

#Bill#VAT


Deloitte & Touche aids SMEs to compete in EU...

Deloitte & Touche and consultancy Adwise, together with the Czech government trade agency CzechTrade, have launched a new programme aimed…

Leasing companies set up credit history register

Seven Czech leasing companies are working on launching their own client register following in the footsteps of five Czech banks…

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