Jannis Samaras, Chairman of the Board of Directors and CEO of Kofola S.A., won the prestigious Entrepreneur Of The Year award for 2011. Czech Minister of Finance Miroslav Kalousek and Magdalena Souček, Country Managing Partner of Ernst & Young, presented the winner with the trophy at the Prague Žofín Palace on 15 February 2012. The […]
The Czech mergers and acquisitions market was one of the few markets in Central and South Eastern Europe which reported a drop in activity during 2011. In the Czech Republic the number of transactions fell by 24 % against 2010, while in the region as a whole it rose by 11 %. However, the total […]
On Wednesday, February 8, one of the most awaited culture events of this year in Prague – the exhibition Rembrandt & Co. – Stories Told by a Prosperous Age – was opened. The Dutch minister of Foreign Affairs, Uri Rosenthal, took part in this ceremony; the importance of this event was accentuated as well by […]
But confidence in company revenue growth remains ahead of 2009 Prague, 25 January 2012 – Nearly half (48%) of the 1258 CEOs polled worldwide believe the global economy will decline even further in the next 12 months, according to PwC’s 15th Annual Global CEO Survey. Just 15% said the global economy will improve during 2012. […]
The dynamics of energy provider changes in the Czech Republic was faster in the year 2011, too, both in the case of natural gas and electricity. According to PwC Audit partner Tomáš Bašta, it will still take some time before the number of changes stabilises at some level, which, however, can still be significantly higher […]
Monetary expansion through a liquidity injection from the European Central Bank, orderly defaults for the most indebted countries, Greek exit and a new currency bloc have been outlined as four potential outcomes of the Eurozone crisis in 2012, in a PwC report launched on 5 December 2011, “What next for the Eurozone – Possible scenarios […]
Deadline for filing a tax return in the case of company transformation shortened again? The regulation of deadlines for filing tax returns in the case of company transformations where the decisive date of a transformation is not the first day of the calendar or fiscal year has been amended many times in the Income Tax […]
In November 2011, seasonally adjusted retail sales went down 0.7% compared with October while compared with November 2010, they increased 0.5%, according to the figures published by the Czech Statistical Office (ČSÚ). Although the results beat market expectations, no trend of improvement in household consumption may be expected, according to Komerční banka analyst Miroslav Fray. […]
Criminal liability touches all Czech legal persons and entities that do business on the territory of the Czech Republic and it also applies to offences committed abroad. The company is responsible if it commits an offence in its own name or in the framework of its activities or if it is committed by an employee […]
1. Tax allowances Return of yearly tax allowance on taxpayer from last year’s CZK 23,640 to CZK 24,840 (abolishment of the so-called „flood hundred-crown note“) and increase in the child tax allowance from CZK 967 to CZK 1,117 monthly. 2. Insurance thresholds Decrease in the yearly threshold from last year’s CZK 1,781,280 to CZK 1,206,576 […]
