Saturday, 11 July 2020

Bloomberg

Czech lottery owner Sazka asks EU to probe gambling tax

Bloomberg |
27 January 2020

Sazka Group has urged the European Commission to investigate a Czech tax on lotteries that it says unfairly grants a state subsidy to other gambling services.

Now AI can deliver the perfect head for your beer

Bloomberg |
15 January 2020

A startup with an AI-platform that controls the flow of beer from the keg to the tap -- and set the amount of foam -- plans to expand into the U.K. and Czech Republic. Pubinno, founded in Istanbul in 2015 before relocating to San Francisco, expects its valuation to increase to USD 30 million after its latest investment round, from USD 20 million previously, said Can Algul, a co-founder of the company.

Billionaire Czech PM faces more heat over conflict of interest probes

Bloomberg |
7 January 2020

The Czech Republic's PM is coming under increasing pressure over allegations of conflict of interest, which last year triggered the country's biggest anti-government protests in three decades. A European Commission audit said that Andrej Babis maintained control over his chemical, farming and media business empire, which continued to receive funds from the EU's budget after he took power in 2017, news website Neovlivni.cz reported Monday, citing a person with knowledge of the findings.

Czech rate-hike drive may be over for a year, rate setter says

Bloomberg |
11 December 2019

Czech interest rates could stay where they are for another year as global risks cloud the outlook for the export-oriented economy, a senior central banker said. Unlike monetary easing deployed by the U.S. Federal Reserve and the European Central Bank, Czech policy makers are among the few in Europe discussing whether or not to raise borrowing costs.

EU finds Czech leader has business conflict, Respekt reports

Bloomberg |
2 December 2019

A European Commission audit found the billionaire Czech prime minister has a conflict of interest over alleged ties to his business empire, weekly Respekt reported, citing people with knowledge of the matter whom it didn't identify.

China boosts efforts to recruit spies in EU's Czech Republic

Bloomberg |
27 November 2019

The Czech Republic's top intelligence agency warned that China increased its efforts to recruit agents and destabilize state institutions last year as it and Russia continued to threaten the nation's security.

Rothschild aided Czech billionaire in 'fraud,' hedge fund claims

Bloomberg |
26 November 2019

Financial advisor Rothschild & Co. was sued in the U.S. for allegedly helping the Czech property billionaire Radovan Vitek secretly acquire controlling shares in a real-estate development company in what a New York hedge funds says amounted to a USD 1 billion fraud.

Czech tycoon's company cancels USD 1.5 billion Hong Kong IPO

Bloomberg |
22 November 2019

Home Credit NV, the consumer lender owned by Czech billionaire Petr Kellner, scrapped a USD 1.5 billion share offering in Hong Kong, where authorities are keen to demonstrate that months of street protests haven't disrupted business.

Czechs hold rates as euro-zone slowdown eclipses inflation

Bloomberg |
8 November 2019

The Czech central bank, one of Europe's last still pondering monetary tightening, left interest rates unchanged for now as risks stemming from the weakness of the euro-area economy overshadowed higher inflation.

Czech Republic to impose lodging tax aimed at sharing economy

Bloomberg |
24 October 2019

The Czech Republic will impose a uniform local accommodation tax from 2020 to improve taxation of the sharing economy. The levy will amount to a maximum of CZK 21 per person per night, as of Jan. 1, 2020, and CZK 50 as of 2021, under a bill signed into law Oct. 23 by Czech President Milos Zeman.

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