During the November Black Friday weeks, Czech online shops often pressure customers with countdown timers and “black price tags”, and some of the discounts turn out to be illusory. The consumer organization dTest has drawn attention to the
The Bank of England raised its main interest rate to 4% from 3.75%, a rise of 0.25 percentage points and the first increase in more than three years, according to the BBC. The move will push up monthly payments for some mortgage holders whi
The Czech National Bank (CNB) on Thursday raised its key interest rate by 0.25 percentage points to 4%. It is the second hike this year, following one in June. The decision matched analysts' expectations, who had pointed to persistent price
The Czech National Bank (CNB) board on Thursday raised its two-week repo rate by a quarter of a percentage point, from 3.75% to 4%. It is the second hike this year. The market had been expecting it, and banks have largely priced the new rat
The Czech government wants to extend the windfall tax, originally conceived for oil refineries, to other sectors. Prime Minister Andrej Babiš discussed additional taxation of the sector with representatives of the largest banks on Wednesday
The British pound has climbed to its strongest overall level since the 2016 Brexit referendum, according to Bank of England figures cited by the BBC. The move comes just ahead of a Bank of England interest rate decision in which the first r
Poundland, the British discount chain, is close to insolvency, and thousands of jobs and dozens of high street stores depend on whether its U.S.-based owner accepts a rescue deal. Business Secretary Jonathan Reynolds met representatives of
The Czech National Bank (CNB) is expected to raise its base rate, currently at 3.75%, in the near future, according to economists. The reason is that inflation in Czechia is picking up again. For borrowers, this means mortgages and other lo
Entrepreneurs in Czechia can already register in the EET electronic sales recording system, which will go live on 1 January 2027. The Ministry of Finance says it has sent registration instructions to the data boxes (datová schránka) of all
The United States plans to remove South Africa and Rwanda from a trade program that lets African countries sell thousands of products to the U.S. without import duties. The change would take effect Jan. 1, 2027, according to the BBC, Al Jaz
Households in Czechia will pay more for electricity next year. According to the draft price decisions for 2027 published by the Energy Regulatory Office (ERÚ), electricity distribution charges will rise most from January. The document is st
Ryanair, Europe’s largest airline by passenger numbers, said it is weighing temporary pay freezes, smaller crews on flights and wider use of artificial intelligence to absorb a sharp rise in jet fuel costs tied to the war in the Middle East