Analysis shows that since the Czech Republic joined the European Union in 2004, its GDP per capita in purchasing power parity terms has improved significantly. While in the year of entry this indicator was 80% of the European average, last year it increased to 91%. It has even surpassed some countries such as Greece, Portugal and Spain. Poland a...
Suspicions of personal data leaks from mobile phones on the Temu market are swirling in the air. The fast-growing Chinese platform, offering cheap goods, has gained attention in the United States and become a social phenomenon. However, like TikTok or Shein, Temu has become a subject of controversy in security and business circles. In the US,...
In the Czech Republic, the automotive industry is unusually quiet ahead of the coming storm. Domestic car manufacturers, especially Škoda Auto, are still continuing productive production and sales, which has important implications for many other companies operating as subcontractors. However, there is already competition abroad that is planning ...
Friday marked the official launch of Apple's new augmented reality glasses, albeit only in the USA for now. The American tech giant is entering a completely new chapter of business with the Vision Pro glasses, which are the first entirely new product since the debut of the Apple Watch in 2015. Expectations for the positive reception of the Visio...
The European Union's debt continued its downward trend in the third quarter of last year, reaching 82.6% of gross domestic product (GDP), according to information released by Eurostat. However, compared to this positive trend, the Czech Republic has seen the opposite development. The country's indebtedness increased to 44.5% of GDP in the rel...
Audit firm EY is facing another lawsuit in connection with the collapse of German financial firm Wirecard. Wirecard's insolvency administrator, Michael Jaffe, has filed a claim for damages of €1.5 billion (approximately CZK 37 billion) against EY. This information was published by Reuters on Friday. EY acted as Wirecard's auditor for several yea...
The previous exemption for the Czech Republic, Slovakia and Hungary, which allowed the import of Russian oil, has ended, which means that these countries are now not allowed to resell this oil within the European Union. This exemption was crucial for the Czech Republic because it was the only EU country to import oil from the Slovak refinery Slo...
The Czech Republic seems to be out of reach of the chance to send its astronaut Ales Svoboda into space with the American company Axiom Space. This great opportunity for a space mission, however, has stalled on the issue of finances, as the cost of this short-term space expedition is an astonishing $60 million, which amounts to approximately CZK...
Microsoft has decided to abandon its plans to build a data centre in Prague because of the excessive bureaucratic burden. The company bought a plot of land in Prague last year for one and a half billion crowns with plans to invest five and a half billion crowns. However, sources close to the deal suggest that strict legislative requirements for ...
