A number of companies are in the running for lucrative contracts to build new nuclear units in the Czech Republic. Now the head of the State Office for Nuclear Safety says that a South Korean firm looks best placed to get the job. Dana Drábová says KHNP currently has the best references in regards to finishing construction on time and on budget.
The Olomouc tax office has come under fire for asking close to one hundred newlywed couples to provide financial details regarding their wedding feast and number of guests who attended. The case has thrown a negative light on the law on electronic cash registers which has already been criticized by the opposition for invading people’s privacy and putting an excessive administrative burden on entrepreneurs.
Another five companies and one institution have joined the campaign of the Czech Ministry of Environment called #dostbyloplastu or “Enough of Plastics,” which aims to prevent and reduce the use of single-use plastic products. The news was announced by environment Minister Richard Brabec at a press conference on Monday.
The PPF Group controlled by Czech billionaire Petr Kellner is looking to sell its commercial lender Air Bank and consumer loans arm Home Credit to the Prague-listed lender Moneta Money Bank. The deal would create the third-largest bank by network in the Czech Republic, and the fifth largest by assets.
The Australian-based mining company European Metals Holdings is continuing with preparations for lithium mining in the Czech Republic, despite the fact that the Czech government does not consider the memorandum on the extraction and processing of lithium, signed with EMH last year, legally binding and wants a Czech state-run company to mine and process the deposits. The company Geomet, which is part of EMH, has begun preparations for a series of drills near Cínovec in order to ascertain the economic viability of the project.
The availability of housing in the Czech Republic is the worst in Europe, with a new flat amounting to 11.3 multiple of an average annual income, suggests a study carried out by the international consultancy Deloitte in 14 European countries. Last year, Czechs needed 10.9 of an average annual income to buy a new 70 m2 flat.
The European Council on Tuesday approved a proposal that will allow EU member states that have a problem with carousel tax fraud to apply a generalized reversal of VAT liability. This is something Czech Prime Minister Andrej Babiš has fought for for four and a half years on the argument that use of reverse charge could save the EU a large part of the around 170 billion euros lost every year in unpaid VAT.