Business

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...

Ways Great Leaders Show They Care

As a business owner or entrepreneur, you are the leader of your company which means your team looks up to you. You are the one guiding them – not just being the boss and telling them what to do. Anda good leader is the one that shows their...

Wind power could become a major source of...

Solar power is starting to dominate the renewable energy market according to the International Energy Agency (IEA), but wind power is also experiencing a boom. Experts from the Czech Academy of Sciences believe that it could produce up to a...

The forthcoming Sino-US rift: Yet another...

As the present world order weakens, the mega confrontations have appeared more likely: On its post-Soviet revival quest, Russia becomes increasingly assertive in Euro-MED theatre and beyond. The Sino-American relations are increasingly...

Opening of the Honorary Consulate of Iceland...

On the occasion of the Icelandic Sovereignty Day, December 1, 2020, the Honorary Consulate of Iceland in Prague officially opened. The Honorary Consul is Klára Dvořáková, attorney at Holubová advokáti. Though she is the only official...

Czech Republic adds diplomat in Jerusalem...

The Czech Republic said on Wednesday it would add a diplomatic presence to its Jerusalem office next year in what the foreign ministry called a move to boost services for Czech citizens in Israel and not a new embassy, Reuters reports. The...

What do lemons, Empowered Self-Defence and...

A popular saying in Israel is “When life gives you lemons, make lemonade.” It is in part thanks to this attitude that Israelis managed to cope with two strict “lockdowns”. When I wrote the contribution “Coronacrisis: women can help in ways...

Stumbling judiciary is the cancer of BiH...

In Bosnia and Herzegovina, the elections of local authorities were held on 15 November 2020. The results of the local elections are a prelude into tectonic changes on the political scene of Bosnia and Herzegovina. The wave of political changes...

Viktor Kožený: Life in exile of the Pirate...

For over 17 years, fugitive oligarch Viktor Kožený has been evading Czech and American authorities in the Bahamas for allegedly defrauding investors of billions of crowns. During the massive transfers of Czech wealth in the early 90s following...

Europe’s Cyber Resilience

A False Sense of Security in the Private Sector as a Warning Sign and Means to Assess the Effectiveness of Cyber Security Awareness Measures In today’s world, no organization or enterprise is completely safe from cyber-attacks or their possible...

Mortgage numbers hit second-most successful...

The number of mortgages taken out in the Czech Republic has reached record levels due to falling interest rates. October 2020 was the second-most successful month since 1993, when the Czech Republic was established – a record year in...

Perceiving corruption: Rethinking...

Political corruption in Lebanon traces its roots to the re-assembling in the post-civil war era, which entrenched a realm of politics dominated by war lords and militia-like mentalities operating through a sectarian discourse. The waste...

TAKING FOR GRANTED … BE WARY

Honourable Donald J. Johnston The title of these comments is inspired by my personal experience in important areas of public policy both as a politician beginning in the 1970s and more recently as Secretary General of the OECD from 1996 until...

Despite Covid-19, Czechs spend record sums...

Despite the economic impacts of the coronavirus crisis, Czechs are borrowing record amounts for housing. During the first nine months of the year, Czech banks provided mortgages for CZK 172, setting a record for that period. “This year’s...

Exclusive Program for Outplacement

How many sad stories of people being forced to leave their positions in a manner that is far from being correct have you heard recently? Outplacement program can help both individuals and companies. It saves relationship and reputation. Linda...

Czech mountain resorts invest CZK 750...

Czech mountain resorts invested some 750 million crowns into their development this year, the Czech Association of Mountain Resorts said at a press conference on Wednesday. Originally, ski resort operators planned to invest a record one billion...

2020 Slovenia: Slovenian Foreign Policy –...

Summary: The political balance within the EU at the time of the Covid-19 pandemic has clearly indicated a direction of significant changes. Initially it seemed that solidarity of some seemingly very friendly countries is simply not to be...

Unemployment in Czech Republic rises to 2.8%

The unemployment rate in the Czech Republic has increased by 0.7% since the beginning of this year, which puts it at the overall 2.8%. These statistics were presented by The Czech Statistical Office (CZSO) and showcase August figures for...

2020 Azerbaijan –Armenia conflict:...

The strong conflict between Armenia and Azerbaijan, in the autonomous Azerbaijani region of Nagorno-Karabakh/Artsakh, which is under the control of Armenia, was renewed recently. The latest conflict between the two countries has escalated and...

How to Spend it: An Austro-Franco-German...

The conference named “75 years of Europe’s Collective Security and Human Rights System”, which took place on the 1st of July at the Diplomatic Academy of Vienna, brought together experts related to the reality of the Old Continent and its Union...

A few minutes with Ms. Payom Valaiphatchra...

I am often asked in interviews and by people in general how I came up with the lyrics of The Asean Way. It ́s actually quite challenging to find a way to unite 10 different nations of very diverse characteristics and qualities with one song. It...

Triangularity of Nuclear Arms Control

Possible Implications of China’s Involvement in Nuclear Arms Talks Alexander G. Savelyev In December 2019, the United States officially invited China to enter into a strategic security dialogue. The White House said it hoped Beijing’s consent...

How to Expand Your Brand Presence and Reach...

Every business’s goal is to reach more customers and grow. Making people know who you are and what you offer is one of the most important steps of growing a business and generating more profit. Investing in expanding your brand presence...

Europe and the world at 75: An occasion for...

Vice-President of the EU Commission Margaritis Shinas was a keynote speaker at this summer’s Diplomatic Conference in Vienna organised by the International Institute IFIMES, Media Platform Modern Diplomacy and their partners. High dignitary of...

2020 Eastern Mediterranean: New episode of...

The Eastern Mediterranean region is currently experiencing a new cycle of tensions between Turkey and Greece, which belong to the same system and are members of the North Atlantic Treaty Organization NATO. While the dispute revolves around...

Living the AMERICAN DREAM in the Czech...

Kraig’s family has a long history of barbering beginning with his grandfather back in 1914. He grew up around his grandfather’s and father’s barbershops in Kentucky training with them from an early age, then completing his training at some of...

Czechia becoming target of illegal waste...

The Czech Republic is increasingly becoming a target for illegal dumping of waste from across the border, the website iDnes.cz reported on Wednesday. Czechs have been dealing with illegal waste imports for many years now, but recently the...

2020 Parliamentary Elections in Montenegro:...

Parliamentary elections in Montenegro are scheduled to take place on 30 August 2020. The electoral roll contains the names of 541,232 eligible voters. The ballots include 12 election lists (six coalitions and six parties). Montenegro has a...

Of Privacy, EU and of Human Rights – 75...

By Nora Wolf Early summer days of 2020 in Vienna sow marking the anniversary of Nuremberg Trials with the conference “From the Victory Day to Corona Disarray: 75 years of Europe’s Collective Security and Human Rights System – Legacy of...

Czech Republic strengthens anti-money...

In a follow up report on the Czech Republic, the Council of Europe’s anti-money laundering body MONEYVAL concludes that the country has improved measures to combat money laundering and terrorist financing, but still needs to make progress in...

2020 Belarus: Belarus between EU imperialism...

In the Republic of Belarus, presidential elections were held on 9 August 2020. The current President of Belarus Alexander Lukashenko is the winner of the presidential elections at which he won 80.23% of the votes. The turnout at the elections...

The future of Europe depends on its...

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. Guido Lanfranchi isan international affairs specialist based...

Build your effective team

Do you try to build a work team in your company? To have your own team is one thing but build a successful and effective team is another one. It is a sensitive matter and while doing so you must take into consideration many aspects. Read the...

2020 Parliamentary Elections in Montenegro...

International Institute for Middle East and Balkan Studies (IFIMES)[1] from Ljubljana, Slovenia, regularly analyses developments in the Middle East and the Balkans. IFIMES has analyzed the current developments in Montenegro with respect to the...

Throwback to a powerful and timely HR...

We are on the 1st of July 2020; post-first wave of coronavirus across the globe, and already Vienna is holding a 3-panelled diplomatic forum with over 20 guest speakers. In fact, neither reflections on human rights enhancement, nor those on the...

What will the future look like?

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

The future of Europe depends on its...

On July 1st, 2020, the Secretary-General of the Union for the Mediterranean (UfM), Dr. Nasser Kamel, participated in an international conference discussing the future of Europe. The event under the name FROM VICTORY DAY TO CORONA DISARRAY: 75...

Increasing number of Czechs face financial...

As the government’s temporary measures adopted to limit the negative impacts of the coronavirus crisis draw to a close, an increasing number of Czechs are starting to face serious financial difficulties. Indeed, debt advisory centres around the...

Daniel Meron: Global food security in the...

Dear Mr. Ambassador, before we start discussing the issue of food security, let me ask you about the latest pandemic situation in Israel. Unfortunately, Israel is suffering today from a second wave of coronavirus. Intensive efforts are underway...

Czech retail sales weaker but unemployment...

June retail sales slightly disappointing Czech retail sales, excluding cars in June surprised on the downside after more encouraging May figures (these were also revised downwards from -0.7% to -1.9 year-on-year). As such, June retail sales...

Let’s talk about waste as resource...

Today’s guest is Cyril Klepek, an innovative economist who’s helping many companies transition into the circular economy. He’s also interested in waste management and is the founder of the secondary resource platform Cyrkl. Many believe that...

Where do we go from here? – revisiting words...

On 1 July 2020, the first real-time conference in Europe past the early-spring lockdown took place at the Diplomatic Academy Vienna. This highly anticipated event, entitled From the Victory Day to Corona Disarray 75 years of Europe’s Collective...

Vienna Process: From Culture for Peace to...

A conference whose theme was “From the Victory Day to Corona Disarray: 75 years of Europe’s Collective Security and Human Rights System (Legacy of antifascism for the common pan-European future)” was held on July 1 at the Diplomatic Academy in...

Czech mortgages are twice as expensive as in...

Interest rates and mortgages have dropped, but still outpace Germany, Austria, and Slovakia While mortgage interest rates have been dropping in the Czech Republic, they are still almost twice as high as in neighboring countries. Record real...

Coaching in the Leadership

Small Intro to the big Challenge We live in rapidly changing times, especially for businesses. In a single generation, businesses have had to adapt to entirely new marketing channels (web and social). It is needed to be predictable, good at...

Brazil does not give up Culture and...

Paraphrasing Jorge Amado, a famous Brazilian literary writer of the twentieth century, in his popular novel ‘The country of carnival’: “… Sometimes we understand that something is missing in our lives. What is missing? We don’t know.” Today...

Origins of Future discussed – Vienna Process...

The first July day of 2020 in Vienna sow marking the anniversary of Nuremberg Trials with the conference “From the Victory Day to Corona Disarray: 75 years of Europe’s Collective Security and Human Rights System – Legacy of Antifascism for the...