While the Czech unemployment rate in July increased slightly, signalling the limited impact of the Covid-19 crisis on the labour market, retails sales came in below market estimates as the recovery in sales was slower than anticipated

The decision of Commission on the adequate level of protection afforded by the EU-US Privacy Shield (so-called Privacy Shield) has been declared invalid by the decision of the European Court of Justice (ECJ) of 16 June 2020, because the US law allows for a comprehensive access by public authorities to personal data and do not provide sufficient protection for the data transmitted or effective legal protection for data subjects.

Milan Šlapák of GE Aviation (and AmCham's First Vice-President) and Václav Muchna of Y Soft Corporation were selected to represent the Czech and US business relationship on Czech Television yesterday. Their presence alone exhibits how important the relationship has become to the economic future of both countries.

Welcome to Mazars’ eighth annual Central and Eastern European tax guide. Our main purpose is to provide you with an overview of the tax systems in the CEE region. We strongly believe that this publication will help investors understand the complexities of the various CEE tax regimes, as well as highlight the latest developments and trends characterizing the tax regime of a given country.