Project "Make Yourself at Home in Prague" to support the restart of Prague tourism was unanimously approved this week by the City Council. The aim of the project is to support tourism in the capital and make the stay of visitors more attractive. A benefit point system will be used for this purpose, which will enable visitors to use points for free admission to the participating attraction (museum, gallery etc.).

In 2019, the number of companies funded by private equity and venture capital (PE/VC) funds increased for the third consecutive year. That confirmed the trend of growing activity of local funds and their investment appetite in the CEE region. Fundraising activities generated almost EUR 100 million and compared to the record year 2018, the volume of divestments decreased by more than half, to EUR 80 million. This follows from CVCA 2019 Private Equity Report prepared jointly by Deloitte and Czech Private Equity & Venture Capital Association (CVCA). Although the Covid-19 pandemic thwarted optimistic expectations for 2020, the investment activities of Czech funds continue, albeit carefully, even at present.

Five lessons for business by Flagship CSR Consultancy.

At the end of last year, average wage growth was slower than initially estimated and growth decelerated further in 1Q this year. The economic recession will bring about an increase of unemployment as companies try to lower the costs of wages. This year, the average real wage will probably increase only marginally. Household consumption will remain sluggish. The CNB will probably cut the key interest rate to technical zero.