At the end of June, the Czech government approved a decree requiring that by the end of 2028, state and municipal institutions spend at least 65% of their food procurement budgets exclusively on domestic and regional products. The rule appl
Prices for petrol and diesel at Czech filling stations are set to drop by at least CZK 1.50 per litre over the next two weeks. That's according to Finlord analyst Boris Tomčak, who noted that wholesale prices for both types of fuel have fal
The average interest rate on mortgage loans in Czechia rose by a tenth of a percentage point in early August, reaching 5.42%. That's the highest level in two years, marking the fifth consecutive month of increases, according to the Swiss Li
British historian Martin Daunton, Emeritus Professor of Economic History at the University of Cambridge, argues that the debt-to-GDP ratio — one of the most widely discussed economic indicators — is, in fact, greatly overrated. According to
Following a change of government in Hungary, authorities have begun reviewing state subsidies handed out during the premiership of Viktor Orban. Particular scrutiny has fallen on two companies with Czech ties: a Hungarian firm belonging to
The Czech government is discussing a significant boost to January's pension increase — instead of the standard rise of roughly 300 crowns a month, payments could go up by 600 crowns. This was announced by Labour and Social Affairs Minister
German industrial giant Siemens will abolish most management positions carrying the "Chief" prefix starting October 1. CEO Roland Busch announced the move in a message to employees, saying the company had accumulated far too many such title
The European Union is betting on nuclear power as a replacement for coal generation and a way to reduce dependence on imported energy resources. Under EU plans, the capacity of conventional nuclear power plants is set to grow by nearly nine
Solar panel prices in Czechia have jumped by 31% since December, according to photovoltaic and solar equipment distributor Raylyst Solar."We're seeing the first significant price correction on the market after a period of historically low p
The Czech Ministry of the Environment has revised how it plans to spend revenue from CO2 emission allowance auctions, redirecting a significant share of the funds to large industrial enterprises. The decision has drawn sharp criticism from
Summer wildfires in olive groves across Greece, Italy and Portugal, combined with extreme heat, have led to a sharp drop in this year's olive harvest. As a result, olive oil prices are expected to climb this autumn, Mediterranean producers
The Czech-Moravian Confederation of Trade Unions (ČMKOS) has warned that upcoming legislative amendments could trigger a return of the so-called Švarc system — an illegal practice in which companies register employees as self-employed contr