The decarbonization pathways to a net-zero Europe are countless, but not all are cost optimal. We explore one pathway that could reduce the EU’s emissions 55 percent by 2030 while delivering broad economic benefits.

In December 2019, the European Commission introduced an ambitious proposal to make the bloc climate-neutral by 2050. Although the proposal set specific 2030 and 2050 emission-reduction goals, it did not explain how much each sector and member state should contribute to the desired emissions reductions or what achieving those reductions would cost.

The Coordination Committee of the General Financial Directorate and the Chamber of Tax Advisors of the Czech Republic has finalised its discussion paper concerning the ‘knowledge test’, i.e. whether a creditor knew, should, or could have known at the time of a delivery of goods or provision of services that the supply would not be properly paid, and its implication for correcting the VAT base for irrecoverable debts.

The Czech flash GDP for the last quarter of 2020 surprised on the upside, despite the second wave of Covid-19. The Czech economy grew slightly by 0.3% quarter-on-quarter, averting a W-shaped recovery scenario. For the whole of 2020, the domestic economy contracted by 5.6%

The minimum wage for 2021 is set at CZK 15,200 – i.e., CZK 600 more than the year before. The minimum hourly wage will rise to CZK 90.50.

The increase of the minimum wage goes hand in hand with the lowest level of what is known as the guaranteed wage (which represents the lowest wage stipulated with a view to the complexity, arduousness, and professional demands posed by the given job, as per a roster of categories).