Free financial consultations for BCC Members with The Astra Group

Our member, The Astra Group, is offering all BCC members a free 30-minute consultation in regard to basically any financial matter. Whether you need advice securing your investments, picking the right insurance or increasing your employees’ benefits, The Astra Group will not disappoint you. More details including contacts are in the following attachment.  

Do not miss September races! Birell Prague Grand Prix is round the corner

Come and enjoy the best September races in Prague! Get ready for adidas Women’s race 5 km and Birell 10K Race. Both races start on Saturday September 3rd from Náměstí Republiky in the centre of Prague. Adidas Women’s race 5 km starts at and is exclusively for women. Followed by Birell 10K Race (7.30 … Continued

A&O paves the way for a new market standard in the administration of withholding tax by Czech Eurobond issuers

Allen & Overy announced today that, in partnership with Clearstream and Euroclear, it has led a pioneering advisory work that has resulted in the introduction of bondholder tax certification procedures. These procedures are designed to provide for the effective management of issuers’ post-issuance withholding tax compliance obligations arising under the new 2022 Czech Eurobond taxation … Continued

JŠK advised CVI on two private debt investments

JŠK advised Credit Value Investments (CVI) on two significant financings in the Czech Republic CVI is an independent asset manager that focuses on investments in small and medium enterprises as well as real estate projects in Poland and other countries in Central and Eastern Europe. Since its inception in 2012, CVI has played a major … Continued

Europe FX Forecast Revision

The performance of the CEE currencies so far in 2022 has been similarly disparate as in 2021. The Czech koruna has outperformed its peers, posting small gains against the euro, while the Polish zloty and Hungarian forint have suffered losses, the latter being quite significant. In fact, the forint is currently the third worst performing emerging … Continued

On September 15, the documentary feature film Good Old Czechs, directed by Tomáš Bojar, will premiere in cinemas. The trailer for the film was released today.

The official trailer for the film has been launched to coincide with the 77th anniversary of the return of Czechoslovak RAF members to Prague on August 15, 1945. The film tells the story of two Czech RAF airmen, František Fajtl and Filip Jánský (real name Richard Husmann), and their Odyssean journey across war-torn Europe. The … Continued

JŠK assisted in closing of major acquisition in energy and environmental consulting

JŠK provided legal advice to KB SmartSolutions, s.r.o. from the Komerční banka, a.s. group on the acquisition of a 100% stake in ENVIROS, s.r.o., including a stake in the UK’s ENVIROS GLOBAL LIMITED. With the acquisition of ENVIROS, s. r. o., Komerční banka has expanded its activities in the field of energy and environmental consulting, … Continued

Shrinking GDP, non-committal Fed sink the US dollar

The US economy now meets the barest technical definition of a recession, and Federal Reserve hikes are now fully dependent on inflation and labour data meeting to meeting. This realisation brought down yields in the US sharply and they in turn knocked down the dollar against nearly every major currency worldwide, save the euro, which … Continued