A Great Christmas gift which saves the national heritage! Buy the “INTO Places” Card with a Christmas discount

The Czech National Trust (CNT), a member of the International National Trusts Organisation (INTO), promotes and supports the conservation, protection and maintenance of cultural heritage in the Czech Republic, a cultural heritage of international importance. It aims to inspire, foster and promote the development of an effective voluntary and donor culture in the Czech Republic. … Continued

Ebury G10 Weekly FX Update: Dollar falls as recession fears recede, yields fall

Risk assets rose worldwide last week as the backdrop turned more supportive. Recession fears seem to be easing worldwide, particularly in the Eurozone, but interest rates are not rising in tandem, the best combination possible for stock markets, credit and commodity currencies. The dollar underperformed against every currency in G10, and the biggest winners were … Continued

Allen & Overy acts as lenders’ counsel on EUR1.6bn senior financing for Allwyn

Allen & Overy announced today that it has represented UniCredit Bank Czech Republic and Slovakia, a.s. and other banks on the EUR 1.6 billion financing of Allwyn, a leading global lottery operator. Under this transaction Allwyn International a.s. (Allwyn) established a multi-currency term, revolving and guarantee facilities to be used to (i) refinance existing indebtedness … Continued

PwC webinar: R&D tax deductions, Judicial decisions, inspections and the future

R&D tax deductions constitute an interesting way how to reduce income tax for taxpayers carrying out research and development activities. Despite the fact that the calculation of such deduction itself is not too complicated, claiming the deduction in tax declarations duly and properly can become tricky. Besides the legislation, the conditions are affected significantly by … Continued

Ebury FX Weekly Market Update: Dollar rebounds on hawkish Fed officials

The dollar recovered somewhat from its recent drubbing on the back of a steady drumbeat of hawkish Federal Reserve speeches. Data out of the US and the Eurozone was very light last week, and what there was came out generally better than expected and reinforced the message that the main problem confronting major central banks … Continued

Ebury FX Weekly Market Update: Dollar sinks on softer US inflation report

The news that markets had been desperately hoping for finally arrived last week. Inflation in the US came out lower than expected, US rates dropped the most since the pandemic era and risk assets worldwide soared in jubilation. The dollar experienced one of the sharpests two-day falls in history, falling anywhere from nearly 6% (against … Continued

PwC webinars: Transfer pricing

It is no news that inspections carried out by the Tax Office are focused in great detail on transfer pricing. If this topic is or might become of relevance to your company, surely you will be happy to learn all the news in this area. We would like to take this opportunity to invite you … Continued