Trade and economic relations have undergone extremely positive developments since establishment of Czech independence in January 1993. In recent years, trade volumes are constantly increasing, particularly of Czech exports to Israel. In 2014 Czech exports to Israel amounted to CZK 13.7 billion , 11% more than in 2013 (12.3 billion). In the Middle East region, …
IN CZECH REPUBLIC, BRAND NEW OR OLDER FLAT? Almost every flat purchaser must first decide if he is looking for a brand new or an older flat. To choose wisely he must consider all the advantages and disadvantages affecting such a purchase. The following are the most important considerations. ADVANTAGES OF AN OLDER FLAT Price …
The Israel Land Administration, or as it now called the Israel Land Authority, has possession of most of Israel’s lands. In fact, it controls over 92% of them. Other entities, for example the Jewish National Fund (JNF-KKL), municipalities, and public housing companies such as Amidar, also own lands in Israel, received from the state for …
Even though it is generally safe to do business in the Czech Republic, a certain level of prudence and common sense is needed, as it is anywhere in the world. Below, I mention three typical scams used by some tricksters. 1) Misappropriation of reservation deposit In the process of buying a property, it is sometimes …
Prices of Czech properties and apartments are based on prices according to Czech tax returns. The Czech National Bank (CNB) regularly publishes a quarterly Czech property price index (sales prices according to tax returns) in its financial stability report. The report includes four types of residential properties: The graph summarizing the data shows a massive rise …
CHANGES IN CZECH REAL ESTATE PRICES FROM 2006 – 2014 Read More…
Manufacturers who want to extend their marketing system reach the point where they understand that significant expansion will be posssible mainly when they begin to export the product; in fact a manufacturer who exports his goods increases the potential of selling his products by hundreds of per cent and the profits grow accordingly. THE CZECH REPUBLIC AS …
Most apartment owners in the Czech Republic pay a regular monthly sum, literally a “repair fund” (in Czech: fond oprav). By law, the owners (and not the tenants) are responsible for depositing money in the repair fund for the building’s upkeep. Any sums remaining in the fund are subsequently used to maintain the building and for …
EVERYTHING YOU NEED TO KNOW ABOUT APARTMENT OWNERS’ COMMITTEES IN THE CZECH REPUBLIC Read More…
Journalist and author Matthew Lynn claims, in a special column for the financial website Marketwatch.com: “In many ways, Israel is a hotter version of Switzerland. Interest rates are… still positive and the shekel has proven stable over the years even when undermined by the threat of war.” Recently, the global economy has been dealing with …
FORGET GOLD, BONDS, AND SWISS FRANCS – THE ISRAELI SHEKEL IS THE WORLD’S NEW TAX HAVEN Read More…
AMAZON.COM IS INVESTING IN THE CZECH REPUBLIC Walking around Prague we can see billboards advertising employment at the world’s largest internet retailer, Amazon.com. Available positions include HR managers, IT specialists and middle management. The Czech Republic is another country where Amazon.com is launching its activities. This is another milestone for the company – until now Amazon …
A new law regarding Czech citizenship was enacted in the beginning of 2014. The law was approved by the Czech parliament and designated Citizenship Act No. 186/2013 Coll. Notably, one section of the law will only be valid until the end of 2014. The law concerns former citizens of Czechoslovakia and the Czech Republic who lost their …
+420220580154
