Competitiveness / Tax & Finance

This section feature research, opinion and progress reports on how the Czech Republic compares to other EU countries economically. It includes analysis of international rankings such as the WEF and World Bank.

Spotlight issue

3rd October 2022 / Competitiveness / Tax & Finance

M&A expectations are running high… ‘Boom and gloom?’ European M&A Outlook 2023

CMS launched last week its 10th edition of annual European M&A Outlook -- published each year in association with Mergermarket and offering a comprehensive assessment of dealmaking sentiment across Europe’s M&A market, the report is based on interviews with hundreds of corporates and private equity firms based in Europe, the Americas and Asia-Pacific about their expectations for the European M&A market in the year ahead. Headline news download and a short video with highlights of the study can be found here! As always, there is lots of content that can be of interest – from what expectations are for the European M&A landscape in the next months/ year and what is likely to drive activity, to ESG rising up the M&A agenda. 
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15th September 2022 / Competitiveness / Tax & Finance

Financial health of Czechs is threatened mainly by high energy prices, payments for energy burden Czech households' budgets almost the most in the EU

In the area of financial health, the Czech Republic ranked 13th in the EU comparison. Despite the fact that Czechs save on average about a fifth of their wages, over 60% of low-income households in our country have no financial reserves.The high energy costs, which rank us 3rd worst in the EU, are also a barrier to a better ranking. Moreover, the energy and inflation crisis is worsening the situation. This is according to the eighth pillar of the Czech Prosperity Index, which analyses 10 socio-economic indicators comparing the Czech Republic with other EU members.
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7th September 2022 / Competitiveness / Tax & Finance

Citi celebrated 30 years of doing business in Czechia

Citi celebrated 30 years of doing business in Czechia last week. The bank was the first stop on the drive down Evropa from Letiste Airport for many investors, and finances many of the deals that transform the economy today, and will play a big role in reconstructing ukraine and building an integrated European market. We are glad to have their local and regional leader, Munir Nanji, sitting on our board.  
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11th May 2022 / Competitiveness / Tax & Finance

Banks have to focus on the quality of disclosed information on sustainability

The European Commission has made a point of finding a way to direct its financial resources on achieving a sustainable and competitive EU economy. For this purpose, it has decided to set the rules for disclosure of transparent information on sustainability for individual measures and sectors. The entire financial sector, banks, market participants and other institutions, and namely authorities responsible for the functioning and control of the financial market have to react to this development.
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27th April 2022 / Competitiveness / Tax & Finance

Fall of Sberbank and guidelines for public procurers

The collapse of Russian Sberbank must also be dealt with by public procurers who have been using its services. It is not always necessary to conclude new banking contracts (e.g., credit or current accounts) via a procurement procedure: the law also defines situations where it is possible to conclude banking contracts in a more straightforward way.
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Members of the American Chamber of Commerce in the Czech Republic