The Office for the Protection of Competition has canceled a tender for the modernization of part of railway infrastructure in Prague for 3.5 billion crowns on the grounds that the SŽDC, the body which oversees railway infrastructure, breached the law on public tenders. The decision, which is binding, was published on the antimonopoly office's website.
Teens in the Czech Republic get, on average, almost 700 crowns from their parents per month, according to a study focusing on financial literacy conducted by ČSOB bank. According to the survey, for around 12 percent, those funds are not enough. Financial literacy has been a compulsory subject in the classroom for four years.
The Ministry of Finance is set to launch a receipt lottery in October, the daily Hospodářské noviny reported on Tuesday. The lottery, which aims to encourage consumer assistance in fighting tax evasion, was originally to be launched in mid-September, but preparations took longer than expected. The lottery is set to distribute up to 65 million crowns a year in winnings.