Doing business

Articles, interviews, research & studies, press releases from and about AmCham member companies related to the Czech business environment.

Managing business

Articles sharing best practices and knowledge of managing a business. Shared expertise and experiences of our community are available in this section to raise the standards of operational excellence.

Corpo Refresh Year 3

16.01.2020, Company: JŠK, advokátní kancelář, s.r.o.

The third annual Corpo Refresh event took place in the morning of 9 January 2020, this time in the new conference centre of the Grandium Hotel in Prague. The JŠK team consisting of Martina Bacíková, Tomáš Beneš, Hana Císlerová, Helena Hailichová, Michal Jendželovský, Lenka Petráková, Michaela Šmotková and Sebastian Špeta hosted more than 70 participants at a working breakfast not only in the areas of corporate and labour law, but also trends in IP/IT, news about electronic signing, insolvency, trademarks and class actions.

Tags: Law |

Erste Group deepens collaboration with Czech start-up Dateio

16.01.2020, Company: Česká spořitelna, a.s.

Erste Group joins forces with Prague-based start-up Dateio to work on the integration of a new discount system into its pan-European banking platform George. The potential solution developed by the Dateio offers discounts linked to clients' payment cards. Erste utilizes its unique asset of having one platform across four retail-markets with more than 5 million users and roughly 25 % digital market share. Thus, Erste Group invested into a 22% share of Dateio becoming a minority shareholder in the Czech company. From an investor’s perspective, Erste expects the roll-out of the service via its own banking platform to increase the value of the start-up.

Tags: Finance | Business Development |

23rd Annual Global CEO Survey

16.01.2020, Company: PricewaterhouseCoopers Česká republika, s.r.o.

Launching 20 January 2020. Register to be first to see CEOs' 2020 predictions.

Tags: Finance | Business Development |

AK Eversheds Sutherland assisted Safestay PLC in its purchase of hostel chains in the Czech Republic, Slovakia and Poland

16.01.2020, Company: Eversheds Sutherland

Safestay PLC, one of Europe's largest hostel networks, is strengthening its position in the accommodation services market in Central and Eastern Europe. The company recently completed a significant acquisition of three companies in the Czech Republic, Slovakia and Poland owned by the Ukrainian Dreamgroup Management Group. The transaction, which is part of the holding's plans to build a strong group of interconnected companies, was significantly assisted on the buyer side by the international team of Eversheds Sutherland.

Tags: Law |

The first 5G campus network in the Czech Republic to be rolled out in Ostrava

16.01.2020, Company: T-Mobile Czech Republic a.s.

T-Mobile and VŠB-TUO will sign a memorandum on long-term cooperation
Business customers will have an opportunity to test the applications of 5G technology

Tags: New Products & Services | IT |

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Braun: Judges ask for exact records of working hours, but usually it is nonsense

26.09.2019, Compete

COMMENTARY FROM ARTHUR BRAUN | The Court of Justice of the European Union recently published a decision in proceedings on a preliminary issue, stating that EU member states must require employers to record all employee working hours (C-55/18). This case involved a suit filed by a Spanish union organization in the banking industry, not exactly the traditional players in unions fighting against exploitation of the working classes. This decision did not receive wide publicity in the Czech Republic, but in Germany and elsewhere in Europe it did.

AmCham President Michal Chour outlines 2019 agenda

13.08.2019, Amcham

Michal Chour has been involved in AmCham's tourism advocacy for over a decade. He recognizes that this industry, like so many others, now needs to transition from a volume business to a value-added one. His goal as AmCham president is to help align interests so the sum for the country is greater than all the parts.

International Survey on retirement: Sleepwalking into retirement poverty?

8.03.2019, Marketplace

People in Europe, the USA and Australia could be sleepwalking into long-term saving and spending problems. The ING International Survey Savings 2019, the eighth in an annual series, confirms that 61% of people living in 13 European countries worry about having enough money in retirement. Responses are similar in the USA and Australia.

AmCham Leadership Case Studies: Revenue today vs. Revenue tomorrow

27.11.2018, Amcham

Success in the hotel business is governed by the RevPar rate: the amount of revenue the hotel generates per available room per month. To succeed, you need to fill as many of your rooms as possible at the maximum possible rate. The challenge is this: if you fill all of your rooms all of the time, the rooms begin to show signs of wear. And if you want to raise rates as much as possible, you have to have quality rooms with the latest technology and equipment. To keep the rooms fresh and modern, you have to refurbish them regularly. How do you maintain revenue and occupancy while still keeping your rooms and conference facilities above market standard?

AmCham 2018 Thanksgiving Message: Delivered by Magdalena Soucek, EY, Past President and Board Member

24.11.2018, Compete

Thanksgiving is a time to gather with family, to share memories, and express gratitude to those who have helped us along the way.

Customers are looking for largest warehouses in Plzeň and Ústí regions

21.06.2018, Marketplace

CBRE, a global leader in commercial real estate services published its latest CBRE REAL DEMAND BAROMETER – a study monitoring demand for warehouses all over Czech Republic over past two years. It shows large differences between regions (kraje) – while in Karlovarský region was the typical (median) request for warehouses exceeding 13 thousand square meters, in Olomoucký region the median demanded warehouse floor space was only 600 square meters.

Tags: Business Development | Real Estate |