The shadow economy makes up 15 percent of the Czech GDP, according to data released by the Czech Statistics Office, Radio Prague informed. Transactions to the tune of 614 billion crowns annually go untaxed. In addition to large-scale VAT evasion this concerns undeclared income from smaller transac...

“I like new technologies. my background is technical, electro-technical, but something like three years ago I decided to create a company with nanotechnology. At the beginning I was thinking that it would be a company buying and selling different nanotechnology products but just by chance, with so...

The Czech Republic has the third highest differences in the salaries of men and women in the EU, Vera Jourova, EU commissioner for justice, consumer protection and gender equality, said on 2 November, adding that the gap is an average 22 percent compared with the European difference of 16 percent,...

Besides the much discussed Safe Harbor ruling, earlier this month the CJEU issued another landmark decision concerning data protection which may significantly impact companies operating in multiple EU Member States, in particular online and consumer-facing businesses. The CJEU held that a foreign ...