The Czech Ministry of Industry and Australia's European Metals Holdings have signed a memorandum of understanding on a deal that would give the Australian company the right to mine lithium in Europe’s biggest known deposit in the north-western part of the Czech Republic. The main condition of the agreement is that the lithium mined should be processed in the Czech Republic.
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.