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News

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.

Paying Taxes 2019

12.02.2019, Company: PricewaterhouseCoopers Česká republika, s.r.o.

A unique report by PwC and the World Bank Group.

Fourteen years of data and analysis of tax systems in 190 economies: how is technology affecting tax administration and policy?

Tags: Finance | Business Development |
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Real Madrid becomes the first club to generate more than €750m and regain their place as the highest revenue generating club in world football

11.02.2019, Company: Deloitte

Having generated record revenue of €750.9m (over CZK 19.2bn), Real Madrid has returned to first place in the Money League for the first time since 2014/15. The 20 highest earning football clubs in the world generated a record €8.3bn (over CZK 213bn) of combined revenue in 2017/18, an increase of 6% on the previous year, according to the 22nd edition of the Deloitte Football Money League which ranks the top 20 clubs by revenue in 2017/18.

 

Tags: Finance | Business Development |
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Czech share of unemployed people typically increased

11.02.2019, Company: ING Bank N.V., organizační složka

The share of unemployed people increased slightly from 3.1% to 3.3% in January as a result of typical seasonality during the winter months. The labour market remains tight, as the number of job vacancies further increased to a new record high

Tags: Economics | Finance |
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Weinhold Legal assisted with the launch of an European System of Medicine Verification

11.02.2019, Company: Weinhold Legal, v.o.s. advokátní kancelář

On 9th February, 2019 there was a launch of a medicine verification system operated by the National Organization for Medicine Verification (NOOL). Weinhold Legal has provided complex legal assistance to NOOL in respect of this European system of medicine verification established by Falsified Medicine European Directive (FMD) 20011/62/EU.

Legal services comprised of organising a tender for the supplier of the new IT system, negotiation of the contract with suppliers and European Medical Verification Organisation, registering holders and end users of the IT system and other required legal assistance.

Team was led by Partner of Weinhold Legal Martin Lukáš in cooperation with managing attorney-at-law Jan Turek and attorney-at-law Barbora Suchá.

Tags: Law | Health |
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Czechs are using smart banking more and more, and visiting bank branches less and less

9.02.2019, Company: EY

  • Three quarters of Czechs who use banking services use a smartphone
  • Banks are doing little to promote what they offer, so clients are switching to competitors for similar services
  • Czechs are open to making payments with their smart phones; more than one third would do so

Tags: Finance |
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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 |

Loosening the Belt: Number of Overweight Czechs Significantly Rising

12.03.2018, Marketplace

Christmas is long behind us and we are already several weeks into the New Year. Weeks during which – according to statistics – the majority of us lose interest in or the will to keep their New Year’s resolutions, including probably the most frequent one – to lose weight and start exercising more. This is a pity considering that 71% of men and almost 57% of women in the Czech Republic are suffering from excessive weight or obesity: the highest percentages ever recorded. 

Tags: Health |

Weston Stacey: A lot of people in America have underestimated Trump

12.03.2018, Amcham

An article of E15 published on March 12 on steel and aluminum tarrifs (in Czech language).

Last Thursday, the Trump administration announced its plan to place tariffs on steel and aluminum imports. The tariffs are intended to raise the production in US steel and aluminum plants to 80%, which is considered the minimum output necessary for survival. If the tariffs take effect, the EU has declared it will place reciprocal tariffs on US products of similar export value. The issue underneath the tariff decision- global overcapacity- is real, but imposing global tariffs does not appear to help solve the problem. An internationally coordinated response using targeted tariffs or quotas might be the best way to keep the economic and geopolitical damage to the minimum.

 

USA: Honored Country at the Thessaloniki International Fair 2018

7.03.2018, Marketplace

In September 2018, the United States are returning in the Thessaloniki International Fair as the honored country at the most dynamic exhibition in southeast Europe that will bring together government and business leaders, “doers”, influencers and 300.000 buyers and professionals.

Tags: Business Development | Finance |
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