General News

Quick advice, great help. EY advising small businesses for free

EY is offering small companies of up to 50 employees an express 60-minute consultation free of charge. Experienced consultants are offering advice in five areas: finance, employees, COVID programs, taxes and IT security. The project’s aim is to support the Czech business environment over the next three key months and to offer help to entrepreneurs […]

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Let's donate lunch for the people in the Salvation Army Asylum House

Like us, the people in the Salvation Army Asylum House are subject to lockdown in the current situation. Some of them even lost their permanent or temporary jobs. And also in the current situation, they need at least one hot meal a day. Many clients are in a high-risk group – whether in terms of […]

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The world post-corona: four economic recovery scenarios by ING

According to ING, it makes no sense to pretend to know how the economy will evolve over the next 12 to 18 months. In this fast-moving environment, ING rather thinks in scenarios. ING have developed four scenarios of how the virus, the lockdown measures and consequently the different economies could evolve. The main aim is […]

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Antivirus: Government Targeted Employment Protection Programme

--UPDATED 6 April 2020 -- The Czech Ministry of Labour & Social Affairs has published a manual on how to submit your application for the Antivirus programme. We have prepared a document in English, leading you through this application step by step (pdf download will start automatically). If you prefer the Czech manual, please find […]

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#SOSeniors: Help the ones that need our help the most

Our NGO member Management pro neziskovky launched a special fundraising campaign for retirement homes. Seniors play a big role in their projects and that is why they are asking us - and you - for help. On Friday, in cooperation with the Karel Janeček Help Fund, they've launched a fundraising campaign to help senior retirement […]

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UPDATED - Czech government approves "Kurzarbeit"

-- UPDATE 27 March 2020 -- The Ministry of Labour and Social Affairs has announced that the Antivirus Kurzarbeit programme will be set up in such a way that employers can ask for a refund of paid wages after the end of the reporting period, i.e. after the end of the calendar month for which […]

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EY COVID-19 topics and recommendations

NCCC Traders by Nature would like to share with you documents and recommendations prepared by EY as a response to up-to-date development around COVID-19. Financial management – Short term cashflow planning and liquidity improvement Banking – COVID-19 Crisis – Bank’s Reponse Framework HR – Impact of COVID-19 to the People Management agenda Cybersecurity – Cyber […]

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Extension of support measures to mitigate the economic effects of the coronavirus spread

Referring to our previous article - Interest-free funding for entrepreneurs affected by the coronavirus infection - this COVID I loan programme has ended. The available funds were used up quickly due to the high number of applications received. The good news is that a continuation and an expansion have been announced by the Czech government. […]

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Updated - Interest-free funding for entrepreneurs affected by the coronavirus infection

- UPDATE 23 March 2020 - The first round of the COVID Loan programme has ended. The available funds were used up quickly due to the high number of applications received. A new round (“COVID 2”) is being prepared for launch at the beginning of April. See our latest article on this. The Czech government […]

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Companies are responding to the COVID-19 outbreak with 5 sets of actions

McKinsey & Company have compiled a view of the major work streams that companies are pursuing, based on conversations with hundreds of companies around the world on COVID-19 challenges. Getting it right is not easy though. McKinsey have consistently heard about five challenges: Having an intellectual understanding isn’t the same as internalizing the reality Employee […]

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