A classic price-fixing arrangement typically takes the form of a cartel, i.e. a price fixing arrangement between competitors. Price fixing is also prohibited for companies in a vertical relationship (active at different levels of the supply chain such as a manufacturer and a retailer).
An amendment to the Business Corporations Act will become effective from 1 January 2021. The new regulation brings fundamental changes to corporate law, introduces new institutes and options, tries to clarify practical problems of interpretation, and approves – but also refutes – some conclusions reached by the case law during the past six years. Finally, the amendment eliminates some legislative-technical shortcomings.
The COVID-19 pandemic has sunk the global economy into the deepest recession in eight decades. In the emerging and developing countries of Europe and Central Asia, GDP is expected to contract 4.4 percent in 2020, World Bank Group says.
After collapsing in the first half of the year, economic output recovered swiftly following the easing of measures to contain the COVID-19 pandemic and the initial re-opening of businesses. Policymakers reacted rapidly and massively to buffer the initial blow to incomes and jobs. But the pace of recovery has lost momentum over the summer. Restoring confidence will be crucial to how successfully economies can recover, and for this we need to learn to safely live with the virus, OECD report says.
- In three quarters, almost 40,000 households were covered by high-speed internet
- By the end of the year, the most advanced fibre network with speeds of up to 1 Gbit / s will be available for more than 30,000 other households
Strategic Directions for Czech Economic Policy
- 1) Transition to High-Tech Manufacturing
- 2) The City Campus as Idea Factory
- 3) Government Programs That Drive Innovation
- 4) Government as a Competitive Advantage
In Policy Pipeline policy developments in the Czech Republic and abroad are monitored to bring better understanding of current topics and trends.