There are now 12,400 Czech companies based in tax havens, the fewest since
2011, after a record 405 moved operations this year, the consultancy
Many tax havens have largely ceased to perform their core functions, namely securing their owners’ anonymity and tax optimization, accord to the consultancy.
A total of 157 Czech firms left the Netherlands this year and 147 left the United States. Dozens also moved their headquarters from Cyprus (36 companies), Luxembourg (32) and the British Virgin Islands (22).
Bisnode estimates that only 2.47 percent of Czech firms are now controlled from tax havens. It says destinations such as Hong Kong and the United Arab Emirates are increasingly popular.
Liberty Ostrava, the largest integrated steel mill in the Czech Republic,
has announced plans to temporarily cut steel production by 20 percent.
The company said the move involved reducing the pace of production and would not affect its 6,000 employees.
When Liberty Ostrava took over the steelworks from ArcelorMittal this year, its billionaire owner Sanjeev Gupta pledged not to cut production or close the plant.
The company now says the temporary cut is necessary to due rising costs for raw material and CO2 allowances.
Czech union leaders had claimed that Liberty House’s plans for the developing the steelworks were unsustainable and inconsistent with EU requirements.
The Social Democrat leadership agreed on Monday to support party chairman
Jan Hamáček’s mandate to negotiate whether to remain in the minority
government of Prime Minister Andrej Babiš (ANO). They also confirmed their
choice for culture minister.
Some Social Democrats have been calling to exit the government due to a long-running dispute over replacing Minister of Culture Antonín Staněk, himself a member of the centre-left party.
The crisis stems in part from President Miloš Zeman’s refusal to sack Staněk, who critics accuse of being ineffective, and replace him with the Social Democrats’ preferred candidate, Michal Šmarda.
Monday’s vote of 37-5 with the presidium gives Hamáček room to manoeuvre through the political crisis without explicit backing from top party leadership. A member of the party leadership said the next steps will be decided by the end of July.
Last week Hamáček said that President Zeman had communicated to him in a meeting that he is ready to accept the resignation of Staněk by 31 July. But the president did not clearly state that he would respect the Social Democrats’ decision regarding Šmarda.
The Czech capital has agreed to buy the Church of Saints Simon and Jude,
which now serves as a concert hall for the Prague Symphony Orchestra.
The Gothic church was built in the 17th century and adapted in High Baroque style. Wolfgang Amadeus Mozart and Joseph Haydn are among the famous composers who have played the organ later installed there.
Prague councillors agreed to buy the church for 99 million crowns, after negotiating the asking price down from 126 million crowns.
A research team led by the Czech entomologist Milan Janda has discovered
several species of ant on the Papua New Guinean island of Bougainville.
Janda told the news agency ČTK that the team discovered the new species while documenting the diversity of ants on the island in the southwestern Pacific, including invasive species.
He said the island is teeming with plants, insects, and other organisms yet to be scientifically documented.
101 railway crossing accidents have been reported so far this year,
resulting in 20 deaths, according to a statement by the Rail Safety
The statement was released in the wake of the accidental death of a family of four at the weekend.
The family, which included two small children, died at a crossing near Hradec Králové, equipped only with a light signal system.
Prague councillors have reached an agreement with private land owners in
Krč needed to further construction of the city metro’s planned D line.
Under the agreement, the city should pay the owners about 10 million crowns a year to lease the land along the metro route.
The first part of the D line will connect to Prague’s C Line at Pankrác, with four more stations continuing south including two in the Krč district.
Eventually the line – which may feature driverless trains – will run from Pankrác in central Prague to the as yet unbuilt Depo Písnice in the south, before being extended later.
Just over 3,200 foreign doctors are currently working in the country,
according to data from the Czech Medical Chamber (ČLK).
Slovaks are by far the most numerous, with an estimated 2,800 working here. There are also hundreds of Ukrainians, Russians, Poles and Belarusians.
The proximity of Slavic languages and poorer working conditions in their home countries are said to be the main factors for the influx.
Prague’s week-long Zero Point Festival (Nultý bod), which showcases
provocative and unexplored dance and theatre genres, is celebrating its
It gets underway on Monday night with nine performances at Divadle v Celetné theatre that organiser say aim to shock and provoke the audience.
Among the most prominent guest of this year's edition is Canadian dancer and choreographer Dana Michel, whose piece Cutlass Spring explores boundaries of the human body and sexuality.
Among the Czech troupes is Tantehorse, who will perform a staging of an escape game focused on the lives of people living in the Czech border regions known as the Sudetenland.
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