The European Commission has been working on an amendment to the current VAT Directive, primarily seeking to combat VAT fraud but also cutting down on red tape burden for the benefit of small and medium enterprises as they enter the common market.

The IMF new World Economic Outlook report projects that advanced economies as a group will continue to expand above their potential growth rates this year and next before decelerating, while growth in emerging market and developing economies will rise before leveling off. For most countries, current favorable growth rates will not last.

The winner of the ninth annual Act of the Year survey is the initiative for more prudent regulation of business, i.e. the ruling of the Constitutional court on electronic sales records (“EET”). The expert public’s votes ranked the Payment System Act implementing PSD2 second and the amendment to the Construction Act third. In this survey organised by Deloitte Legal, hundreds of entrepreneurs chose from five nominated legislative acts having a positive impact on business.

TravelBird's Green Cities Index recognises the cities currently making large efforts to be sustainable by preserving ecological areas, as well as those increasing their man-made green locations. It analysed city maps from across the world, and is the ultimate guide for nature lovers and environmentally-minded travellers alike. Prague ranks 6th, Vienna 17th in the overall ranking.