Business

Unemployment numbers decrease

The unemployment rate in the Czech Republic has lowered to 3,6% during August 2021. At this time of the year in 2020, unemployment was reaching 3,8%. The statistics from the Czech department of Employment Matters show that the number of...

Prices in bakeries are about to rise like...

Throughout the fall of 2021, prices of all baked goods in Czech supermarkets and bakeries are expected to rise at least by a few percentage marks. There are a number of reasons for this trend, mainly the rising cost of flour, transport and...

Sophie Lacoste-Dournel: „We should listen...

A family dispute cost Sophie Lacoste and her family the famous fashion company with the crocodile. But today she sees it in a positive light: together with her brother, she bought the ski brand Fusalp thanks to the Lacoste exit. In an interview...

Afghanistan 2021: China’s Reaction to...

International Institute for Middle East and Balkan Studies (IFIMES[1]) from Ljubljana, Slovenia, regularly analyses developments in the Middle East, the Balkans and around the world. Dr Mohamad Zreik, PhD of International Relations prepared...

Cross-European Energy Shifts

Human progress has always gone hand in hand with our energy development. However, it is nowadays unequivocally considered that our energy development and particularly our energy consumption is gradually leading more and more to the phenomenon...

Moroccan Extremist and Terrorist Mohamed...

The 40-year-old Moroccan extremist and terrorist Mohamed Hajib has been promoting Islamist terrorism on social networks against the institutions and official authorities of the Kingdom of Morocco as well as against the interests of the West...

The end of an era for credit and debit cards

If you prefer to pay in stores by swiping the magnetic strip of your bank card through the machine, you will probably have to find a new way to pay pretty soon. One of the main producers of credit and debit cards, Mastercard, is planning to...

Decentralized energy supply systems of the EU

International Institute for Middle East and Balkan Studies (IFIMES[1]) from Ljubljana, Slovenia, regularly analyses developments in the Middle East, the Balkans and around the world. Mak A. Bajrektarevic of the Vienna University of Economics...

Rohlík.cz in Germany

Together with the delivery of cooked meals, the industry of delivering separate ingredients for customers to cook themselves has grown massively throughout the last 17 months. Supermarkets were, are and probably will be considered one of the...

As Tourists Return, Prague Workers Struggle

Independent workers who rely on the tourism industry in Prague, like driver Valey, are struggling to recoup economic losses suffered during the pandemic, even as travellers slowly return to the city. The father of two chauffeurs visitors around...

5 Smart Steps You can Take to Improve Your...

The past year has been a difficult one for many small businesses around the world, but the effects of the COVID-19 crises have been felt by companies of all sizes. Business leaders have been hard at work throughout 2020 and 2021 to stabilize...

Europe is entrapped

International Institute for Middle East and Balkan Studies (IFIMES) from Ljubljana, Slovenia, regularly analyses developments in the Middle East, Balkans and also around the world. General Blagoje Grahovac is member of the IFIMES Advisory Board...

IFIMES Analysis of China’s “Belt and...

International Institute for Middle East and Balkan Studies (IFIMES)[1] from Ljubljana, Slovenia, regularly analyses developments in the Middle East, Balkans and around the world. Dr Maria Smotrytska is research fellow at IFIMES/DeSSA, a senior...

Past century revisited

It is 100 years since we were supposedly getting over the war to end all wars, World War I, and forming the League of Nations with the purpose of preventing such a conflict and slaughter happening again. Regrettably, the only good that came out...

What have we learnt in the past century?

It is 100 years since we were supposedly getting over the war to end all wars, World War I, and forming the League of Nations with the purpose of preventing such a conflict and slaughter happening again. Regrettably, the only good that came out...

Afghanistan: No Peace without a Clear Vision

Peace is the absence of war, while war is the absence of peace! A negotiated peace in Afghanistan presents a number of challenges. The duration of the war over several decades has created a number of situations, that requires an in-depth...

The Fair Work initiative

The Czech Minister of Labor and Social Affairs Jana Maláčová has personally visited a factory near Teplice. She also invited Matěj Stopnický, a member of a government coalition party to tag along during the visit. This visit took place as a...

Norwegian perspectives on Democracy and...

On May 25th, as part of the Geneva Lecture Series concepted and conducted by prof. Anis H. Bajrektarevic, a large number of international affairs specialists, faculty fellows, practitioners and diplomats gathered for a special session devoted...

Life without carbon emissions

The EU is trying to make Europe the first ‘carbon neutral continent’ since the industrial revolution. It is way ahead of the competition with the regulations already in place. USA, China and other world’s economies are apparently way behind us...

Czech Republic Records Seventh Fastest...

Increasing House Prices and Rents in the EU. Credit: Eurostat. According to Eurostat, house prices in the Czech Republic have risen over 70% between 2010 and 2021 – the seventh highest increase in the EU. Rents have also risen significantly...

COACHING in Women’s Leadership

Petra Novotná, Head of brand strategy and marketing communication in Slovak Telekom. Experienced manager forming one of the biggest brands in Slovakia with passion to help people to develop their own abilities and talent so they can become...

Prague Airbnb market recovering but still...

With the easing of travel restrictions, the demand for short-term accommodation through house-renting applications, such as Airbnb or Booking.com is slowly increasing. However, the number of Airbnb apartments offered for short-term rentals...

Deputy Prime Minister of Montenegro Dr...

Deputy Prime Minister of Montenegro Dr. Dritan Abazović received the director of the International Institute for Middle East and Balkan Studies (IFIMES[1]) Assist. Prof. Dr. Zijad Bećirović. Director of the Institute Dr. Bećirović presented to...

Modern-day Information Warfare and Hybrid...

Abstract Objective. A study of the latest practices (forms, methods, tools, and technologies) of information operations, specificities of their hybridization, as well as the newest forms and methods of counteroperation. Procedures and Methods...

2021 North Macedonia: Morally humiliated and...

At the EU summit in Thessaloniki in 2003, a clear message on the European perspective of Western Balkan countries was sent. Eighteen years after the EU summit in Thessaloniki, only the Republic of Croatia has been coopted into the EU, two...

Home working – Missing regulation...

The COVID-19 pandemic has revealed one of the major deficiencies in Czech employment legislation: the almost non-existent regulation of home working. Due to this absence in legislation, employees working from home are theoretically subject to...

Persona non grata without single fact or...

Regarding the decision of May 19, 2021 of US Secretary of State Antony Blinken for the designation persona ‘non grata’ of Sali Berisha, my wife Liri Berisha, my daughter Argita and my son Shkelzen, on grounds of significant corruption.

První ročník Akademie pro začínající...

13 týdnů studia v programu Arizonské státní univerzity, 39 studentek a jejich projektů, 7 finalistek v závěrečné soutěži AWE a 1 vítězka. Takový byl 1.ročník společného vzdělávacího projektu neziskové organizace Business & Professional...

Biden-Putin summit, surprising or long...

International Institute for Middle East and Balkan Studies (IFIMES)[1] from Ljubljana, Slovenia, regularly analyses developments in the Middle East, Balkans and also around the world. Ambassador Arben Cici is diplomat, researcher, professor and...

These Are The EU States With The Lowest...

The economic innovation driven by the 27 member states of the European Union has helped advance previously tarnished economies, and help build the platform for solvent democracies. In the last few years, economic changes regarding corporation...

New internal and external challenges

Facing Covid-19 pandemic – mission of saving human lives In its response to the Covid-19 pandemic the Republic of Serbia introduced state of emergency on 15 March 2020 and then terminated it on 6 May 2020. From the start of 2020 until the...

Investing in Whiskey and Watches Soars In...

With the reality of growing inflation increasingly on our minds, making small investments in things like whiskey and watches is becoming more and more common. Novinky reports that some Czechs are deciding that rather than dumping millions of...

Czech businesses prepare for Council...

In the second half of 2022, the Czech Republic will hold the Presidency to the Council of the EU and to some extent, it will set the agenda for negotiations in this key institution. The founders of CEBRE prepared recommendations for the...

EU matters business

Did you know that? Commission intensifies fight against disinformation The European Commission issued guidelines on a code of practice to fight against disinformation, which should help Member States make effective use of this tool. E…...

Risks of implementing LinkedIn Sales in...

This article is a second part of the previous issue’s edition. The first part of the article described in detail the risks you will experience while implementing LinkedIn (LI) sales in large sales departments. This second part is about exact...

CEZ plans to cut coal-fired output, raise...

Czech utility CEZ (CEZP.PR) said it aims to shut most of its coal-fired power plants by 2030, cutting the proportion of coal in its energy production mix to 12.5% from 36% last year. The country’s main power utility said on Thursday it...

Mediterranean: Fragile but Pivotal...

On May 19th, as part of the Geneva Lecture Series concepted and conducted by prof. Anis H. Bajrektarevic, numerous international affairs specialists, faculty fellows, practitioners and diplomats gathered for an event on the hard and soft...

Protecting your brand in the Czech Republic:...

The most recent listing of the world’s top brands provided by Forbes (2020) listed 5 tech companies at the top (Apple, Google, Microsoft, Amazon and Facebook) with Coca Cola in the 6th position as the first consumer goods company. Coke’s value...

Inflation in EU accelerates, Czech prices...

On the contrary, deflation has been observed in Greece and Portugal The average annual inflation in the European Union accelerated to 2 percent in April from 1.7 percent in March, the European Statistical Office announced on Wednesday...

Czech Labour Minister Pushes For 4-Day Work...

Jana Maláčová, Minister of Labour and Social Affairs, is proposing enforcing a 4 day work week in the Czech Republic, without reducing wages. She suggests a 35 hour, Monday-to-Thursday work week, with the goal of increasing productivity, upping...

Nord Stream 2: To Gain or to Refrain? Why...

The chances of the sanctions war around Nord Stream 2 to rage on after the construction of the pipeline is finally over seem to be high. That said, we have to admit, with regret or with joy, that it will be completed, and for the following...

Food Prices Rise In Czech Republic...

As expected, inflation is bumping up food prices in the Czech Republic, forcing manufacturers to get creative so consumers don’t notice, Yookie reports. According to Lukáš Kovanda, chief economist at Trinity Bank, food and non-alcoholic...

Sustainable Future: Impact Journey

Everyone is very welcome to the next online event of Startup Disrupt UK where we will explore the sustainable future topics. Sustainability is a journey, not a destination. Therefore, let us take you on a journey with us with exciting panelist...

UNYP to host public webinar on fake news and...

UNYP to host public webinar on fake news and COVID-19: Inoculating the Public against Disinformation The University of New York in Prague is pleased to announce that it will be hosting its second online Czech-language webinar for the general...

Becoming Digital: Small But Sharp

Last week, Apple released its latest gadget. The company recently opened up its “Find My” network to third-party device makers. But that’s not stopping it from making its own item tracker. AirTag is a small €2-coin-sized disc that can be...

Energo-Pro completes largest Czech...

Czech energy group Energo-Pro has completed the construction of the Alpaslan 2 hydropower plant in Turkey. The project, which cost around $600 million, is the largest Czech investment in industry since November 1989. Energo-Pro’s largest...

Vienna Process: Minilateralism for the...

On the historic date of March 08th – International Women’s Day, a large number of international affairs specialists gathered for the second consecutive summit in Vienna, Austria. This leg of the Vienna Process titled: “Europe – Future –...

Czechs still lose savings due to lack of...

A quarter of Czechs still leave their savings susceptible to the inflation process by securing them in cash. However, they are interested in making new investments, according to the Generali Investments CEE research. Cash savings are a...

Czech Republic records lowest number of new...

The Czech Republic saw a decrease of 11 percent in entrepreneurship in the last quarter compared with the last year’s results. Only 14 000 Czech entrepreneurs established their own new businesses which is the lowest result in 12 years. People...

Czech MPs reject proposed quota for locally...

Czech lawmakers have rejected a proposal to force supermarkets to have a mandatory quota on locally produced food. The proposed law would have come into effect in 2022 and meant the percentage of Czech food sold in large supermarkets would have...

President of Malta at the Vienna Process: No...

On the historic date of March 08th – International Women’s Day, a large number of international affairs specialists gathered for the second consecutive summit in Vienna, Austria. Along with the two acting European State Presidents, the event...

The Suez Canal Incident: Lessons learned for...

International Institute for Middle East and Balkan Studies (IFIMES)[1] from Ljubljana, Slovenia, regularly analyses developments in the Middle East, the Balkans and around the world. General (Rtd) Corneliu Pivariu is a member of IFIMES Advisory...

Supreme Audit Office: pandemic not entirely...

The Covid-19 pandemic has amplified problems in public finance management, but it cannot be entirely blamed for last year’s economic result, which was the worst in the country’s history, the Supreme Audit Office (NKU) says in its annual report...

Czech parliament grants stronger powers to...

The lower chamber of the Czech parliament on Wednesday approved stronger powers for the Czech National Bank in the mortgage market which enable it to set prudential limits for lenders, and extend its monetary policy authority for trading in...

Death of Petr Kellner opens debate on his...

The death of Petr Kellner, a reclusive Czech billionaire and the head of PPF group, came as a big shock in the Czech Republic on Monday morning. As further details of his death in a helicopter crash in Alaska emerge, Czechs are looking back at...

Tomáš Baťa, the Henry Ford of Czechoslovakia

A legendary industrialist and creator of the world-famous shoe empire, Tomáš Baťa was a pioneer of technology, advertising, marketing, and business management. Born April 3rd, 1876 in Zlín, Czechoslovakia, Baťa’s father was also a shoemaker...

BREXIT AND FUTURE OF CROSS-ATLANTIC...

On the historic date of March 08th – International Women’s Day, a large number of international affairs specialists gathered for the second consecutive summit in Vienna, Austria. Along with the two acting State Presidents, the event was...

No EU Green Deal without balanced approach...

On the historic date of March 08th – International Women’s Day, a large number of international affairs specialists gathered for the second consecutive summit in Vienna, Austria. This leg of the Vienna Process titled: “Europe – Future –...

Continuity in Times of Crises: UNIDO...

On the historic date of March 08th – International Women’s Day, a large number of international affairs specialists gathered for the second consecutive summit in Vienna, Austria. This leg of the Vienna Process titled: “Europe – Future –...

Czech gaming industry on the rise despite...

Czech animation and games production companies reported that 2020 showed better results than 2019 with few negative effects of COVID-19. On the contrary, the effects were mostly positive, and the Czech gaming industry is developing. The results...

Startup Founders: Navigating through early...

Everyone is very welcome to the next virtual event of Startup Disrupt powered by LXVI! On the 31st of March, we’ll live stream an amazing event with 3 extraordinary speakers – Andrej Kiska (Startup investor at early-stage venture capital fund...

View from Latvia: Is the EU Failing us?

On the historic date of March 08th – International Women’s Day, a large number of international affairs specialists gathered for the second consecutive summit in Vienna, Austria. This leg of the Vienna Process event titled: “Europe – Future –...

Rok 2021 je rokem ochrany oznamovatelů

Po prosinci 2021 musí všechny právnické osoby v EU nad 50 zaměstnanců zavést tzv. vnitřní oznamovací systém pro ohlašování podezření z protiprávního jednání (tzv. whistleblowing). Lidé, kteří v práci upozorní na nějaké protiprávní jednání budou...

How mobile payments can help small business?

The pandemic has rapidly accelerated digital transfor-mation projects. It has also driven mass adoption of mo-bile payments. After a slow start in the US, the use of mo-bile wallets is rapidly catching up with cash payments. Mobile payments...

A soothing waterfall of Bohemian glass

The Czech design and glass company LASVIT is proud to unveil its first major installation in Mexico, in the very heart of its vibrant capital. St. Regis Mexico City commissioned LASVIT to install Twirl, designed by LASVIT’s design team member...

How to ensure customer engagement if you...

If you own a start-up or a small business, the pandemic is probably giving you a hard time maintaining customer engagement — understandably so. It is hard enough to survive with all the bans on social gatherings, and with social distancing and...

COVID-19 slows down Airbnb’s takeover of...

Airbnb’s presence in the European real estate market has dissipated in most cities on the continent after a year of COVID-19 restrictions. According to real estate management companies in Prague, Lisbon, Barcelona and Venice, property...

The US, UK and the EU – Triangle of variable...

On the historic date of March 08th – International Women’s Day, a large number of international affairs specialists gathered for the second consecutive summit in Vienna, Austria. This leg of the Vienna Process event titled: “Europe – Future –...

No Human Rights without Right to Know

“People have the right to know what those in power are doing” Dunja Mijatovic Council of Europe, Commissioner for Human Rights. Access to information legislation was first seen in 1766 in Sweden, with parliamentary interest to access...

Will AI take our jobs? 5 reasons not to...

Ned Ludd’s body was filled with anger. All he was able to think about was the ‘devilish machine’. ‘I won’t let them take my job away from me’, a thought ran through young weaver’s mind. Trembling with rage, his fingers grasped a giant hammer...

startup disrupt – Female Leaders: From...

More than 60 % of marketing graduates are women. And many dream that one day, they’ll run their own business. But what does it mean to transition from telling stories to becoming a Founder? Four inspiring former marketers will discuss what...

Future Females Prague launches the new...

Future Females Prague, the local branch of the otherwise global organization Future Females focused on educating and supporting the development of female led businesses is coming to Czech Republic to empower aspiring and current entrepreneurs...

The EU Sputnik Borrell in Moscow: An...

After almost unanimous assessment of the Western media and analysts (one would be inclined to conclude they are “gleichgeschaltet”, modeled on the methods of Nazi master of propaganda Goebbels ), a visit to Moscow of the EU High Commissioner...

Prague City Hall to regulate advertising...

The city of Prague will be implementing new regulations on public advertising in its ongoing efforts to crack down on the buzz-killing post-capitalism aesthetics that threaten the city’s historical vibes. Expected to arrive in October, these...

Improving human rights through empowering...

“2020 has been a disastrous year for human rights in Europe,” commented Dunja Mijatović, Council of Europe Commissioner for Human Rights, at a speech in front of the Council of Europe at the end of last year. In an unprecedented...

We only live once, but data is forever...

It seems the whole world is online, more so than ever before. On this years’ International Safer Internet Day (SID) we have chosen to share with the public our message via the social media platform, to promote the importance of online safety...

Czech economy may take 5 years to recover:...

After experiencing the worst state deficit in history, current data suggests that the Czech Republic will need 5 years to recover its losses, Petr Holub reports for Seznam. According to the Český statistický úřad (Czech Statistical Office), the...

EUROPEAN INTEGRATION – Quo Vadis?

As part of the Geneva Lecture Series concepted and conducted by prof. Anis H. Bajrektarevic, President of the Republic of Austria Dr. Heinz Ficher (2004-16) and current Co-chair of the Vienna-based Ban Ki-moon Centre for Global Citizens...

Cross-generational and cross-sectoral...

The first address of the European Commission since the pandemic was one highly anticipated by all the citizens of the EU block. On September 16, President Ursula van der Leyden took it upon herself to reveal the EU’s roadmap for a post-Covid...

Insurance companies got ripped off twice as...

Ripping off insurance companies appears to be another one of the many ways that people made ends meet in the Czech Republic during 2020. According to Česká podnikatelská pojišťovna (ČPP), 570 suspicious cases in 2020 were investigated equalling...

Prague hotel market hardest hit in Europe...

The hotel market in Prague has been the hardest hit in Europe since the coronavirus pandemic hit the continent, with a fall-off of 84.6 percent in revenues per room, according to a report published by consultants Cushman & Wakefield on...

New amendment will require more Czech...

The stores occupying more than 400 square meters will be required to sell the obligatory minimum of Czech-produced products, states the new proposal to the Food Act that was approved today by the Chamber of Deputies. Eight countries from the...

The Shape of (Central) Europe 2020

The annual conference of the Aspen Institute Central Europe, The Shape of (Central) Europe, which we organized in cooperation with the Economia media house, took place online on 19 November 2020.

Czechs Experience the Highest Inflation Rate...

According to the Czech Statistical Office, the Czech Republic experienced the highest inflation rate seen in the last eight years. The raised prices on groceries and housing bills are some of the factors which influenced this year’s index...

Concise history of international development...

By Guido Lanfranchi As part of the Geneva Lecture Series concepted and conducted by prof. Anis H. Bajrektarevic, United Nations University Rector and Undersecretary General of the UN, Dr. David M. Malone gave a highly mesmerizing and content...

5 Things Every Team Leader Needs to Know in...

We have finally left 2020 behind and as we slowly sail into the new year, hoping that we’ll have fewer colossal challenges to deal with, this year won’t be without its hardships. As a consequence of the pandemic, more companies have had to...

2021 Balkans: Who jeopardizes Balkans?

It will be recorded inthe history of international relations that all countries of the Balkans peninsula, starting from Slovenia to Bulgaria had or have officially applied for membership in the EU and NATO, except for Serbia which has declared...

EU News

EU proposed a hydrogen revolution The European Commission presented a Hydrogen Strategy on 8th July 2020. It sets, among other things, that from 2025 to 2030 hydrogen needs to become an intrinsic part of our integrated energy system with the...

What new institutions do we need for an...

As part of the Geneva Lecture Series concepted and conducted by prof. Anis H. Bajrektarevic, former Finance Minister of Greece, Professor Yanis Varoufakis centered his two-hour mesmerizing discussion on the pressing need for new international...

2020 – A Year when Distancing became Social

These days, many argue that our Covid (C-19) response is a planetary fiasco, whose size is yet to surface with its mounting disproportionate and enduring secondary effects, causing tremendous socio-economic, political and psychosomatic...

Footloose

The original 1980's movie “Footloose” is generally regarded as a Romantic Comedy, however, I will highlight many things in the movie that show true entrepreneurial spirit, tenacity, and outside the box thinking. 

“It will help the Czech economy a lot”, says...

After nearly five years of negotiations, Britain and the European Union have reached an agreement on trade relations after Brexit. The announcement came on Christmas Eve, the traditional day when Czechs give each other presents. But was it a...

2020 Bosnia and Herzegovina- Croatia:...

In Bosnia and Herzegovina, the seventh local elections since the signing of the Dayton peace agreement were held on 15 November 2020. The elections brought about tectonic changes on the political scene and are a prelude to the announced...

Researchers calculated the minimum decent...

An independent platform MDW named the gross salary that can be considered minimum decent wage – in Prague, it was at the value of 37 987 CZK, in the rest of the Czech Republic – at 32, 438 CZK. Such results were obtained by the researchers for...

Nicole Vavrecka’s Seminar on Why go to...

There is often a pressure to attend from the workplace. Sometimes friends peer pressure you into attending. These are both relevant and sound reasons to attend, since we all need earn money. I urge you to take notes today during my lecture. Why...