Annual World Economic Forum meeting in Davos took place this week. Main challenge for the up-coming year is recovery of financial markets, where reforms are under way, but not yet completed. To the EU leaders, most worrying is an inflation, which is currently below the 2 per cent target and probably...

U.S. Treasury Department finalizes the changes to R&D tax code. U.S. tax code reform broadens the spectrum of research that deserves federal subsidies. Due to new code Boeing, Lockheed Martin and many smaller firms could reap hundreds of millions of dollars in fresh savings. Further, new tax ben...

On 20 January, a Foreign Affairs Council meeting was held in Brussels. The foreign affairs ministers of the Member States under the presidency of High Representative Baroness Ashton discussed a number of important international issues. Firstly, after having received a report by the International At...

The Prime Minister Jiří Rusnok announced his conviction of adopting the common European currency by the end of the year 2020. He made such conviction not only as the PM (nearly terminated, though), but also as a candidate to the Bank Board of the Czech National Bank; the President Miloš Zeman announ...