The Czech Republic recognizes the need to flexibly react to the changing business environment in the context of digitalization. The Czech Republic supports a common approach within the EU. However, so far there is no consensus neither on introduction of the Digital Services Tax directive (DST) nor on introduction of long-term measure.
The Japan Credit Rating Agency – JCR has today upgraded the credit rating of the Czech Republic.
Standard & Poor’s, one of the most important international rating agencies, has in its latest rating confirmed the excellent credit rating of the Czech Republic at AA for local currency and AA- for foreign currency.
Claimant argued in arbitration proceedings that employees of the regional branches of Labour Office of the Czech Republic unlawfully provided product information to its competitors and thus damaged Claimant’s business in the Czech Republic as well as the value of its know-how.
On 2 May 2018, the Ministry of Finance won the international arbitration dispute with owners of solar power plants in the proceedings Antaris GmbH and Dr. Michael Göde v. The Czech Republic.
The Government has approved the joint recommendation of the Ministry of Finance of the Czech Republic and the Czech National Bank not to set a target date for adopting the euro in the Czech Republic yet.
The Ministry of Finance succeeded in a breakthrough dispute with photovoltaic power plants operators.
The Government has approved the joint recommendation of the Ministry of Finance of the Czech Republic and the Czech National Bank not to set a target date for adopting the euro yet. The Czech Republic will therefore not attempt to enter ERM II in 2017.
The Ministry of Finance strives for utmost transparency and unbiased and objective macroeconomic forecasts, it will therefore invite experts independent from Czech government institutions to evaluate its macroeconomic forecasts, until the adoption of aforementioned acts and the founding of Council for Budgetary Forecasts.
The Czech National Bank and the Ministry of Finance have recommended not to set a target date for adopting the euro yet and thus not to attempt to enter ERM II in 2016.