KPMG No. 1 in mergers & acquisitions According to the current index by Mergemarket, an independent mergers and acquisitions (M&A) intelligence service, KPMG in the Czech Republic is the No. 1 financial advisor in M&A for 2011 in the Czech Republic. It became a leader both in the number of transactions and in their volume, […]
There is a worrying increase in the number of managers willing to pay a bribe in order to win business The Czech Republic comes third in Europe as far as tolerating bribes is concerned Czech managers underestimate the risks linked with fraud and corruption during acquisitions Rewarding whistleblowers is no longer taboo – two thirds […]
The last amendment to the Act on Public Procurement in greatly expands the number of contracts to which the regulation will apply. The amendment reduces the limit for small-scale contracts for goods and services from CZK 2 to 1 million and for contracts for construction work in two stages, first by the end of the […]
The Government has approved the additional economic measures which should keep the deficit of the state budget in the next three years under three percent of gross domestic product. The revenue side of the budget should be supported by the following changes according to the ideas of the Cabinet: from 2013 Introduction of the […]
On April 26, 2012 Mitas, a specialist Czech manufacturer of off-road tires (agricultural, industrial, motorcycle), opened its newest radial farm tire factory in Charles City, the city which coined the word “tractor.” Iowa Governor Terry Branstad, Charles City Mayor James Erb and Mitas representatives Tomas Nemec and Oldrich Slemr cut the ribbon to start serial […]
As the importance of Japanese business in the Czech Republic has been growing continuously, PwC has decided to strengthen its Japanese Business Practice in the country by appointing Toshiyuki Yamasaki, Senior Manager. Prior to joining PwC Czech Republic, Toshi worked for PwC Japan, USA and Poland. Toshi is a core member of PwC Japanese […]
Ecological driving increases safety behind the steering wheel More than a year ago, Business Lease introduced their Blue Care product, which aims to contribute to the reduction of the impact of driving on the environment. An integral part of this product is the training of vehicle fleet drivers, whose driving style directly influences the production […]
The Czech government is currently preparing a new austerity package of budgetary savings and tax increases. While the proposal has yet to be discussed by the government, it is likely that many of the measures will be adopted in an altered form. Key proposed changes are: · An increase in the personal income tax […]
Gestamp Žatec: Tebodin has finished the first project for Spanish supplier of metal automotive parts Gestamp Automoción, one of the world’s leading manufacturers of automotive parts with a presence in 22 countries in Europe, Asia and the Americas. The project is located in , just one hour drive from Prague. It is an including hot […]
Between 1 and 10 February, AFS Mezikulturní programy, o.s. organized the second round of selections for scholarships that AFS grants to high school students for their study programs abroad. 28 students applied and 8 of them were granted scholarship for their outstanding performance.During August and September 2012, these students will depart for their year and […]
