The Czech economy grew by 0.6% in the last quarter of 2020 despite the second wave of Covid-19. Exports supported the economic expansion, confounding markets which had expected a contraction. We remain optimistic about a recovery in the second half of the year, despite the current worsening of the pandemic and third Covid wave

We are continually updating this guide in response to the gradual publication of official information by public authorities. Latest update: 1 March 2021 (Restrictions on movement, the requirement to wear masks, Closure of schools, Retail sale and services, Testing of employees).

We are bringing employers up-to-date practical recommendations and advice.

Lower levels of demand. Disruptions to supply chains. Increases in exceptional, nonrecurring operational costs. These are the key factors which have led to a loss situation faced by many companies of multinational groups during the COVID-19 pandemic, irrespective of whether they are a limited risk or a fully fledged entity. What is the OECD’s view regarding how entities should approach transfer pricing in light of these circumstances?

CTP purchases 460 hectares forest in eastern Czechia raising the total forest the company owns to 560 hectares. The purchase is part of CTP’s strategy to own one square meter of forests for every one square meter of buildings it has, and with this ownership, to restore and protect the forests’ native biodiversity. This purchase brings CTP to the 89% benchmark of this goal.