US dollar sell off continues as risk appetite returns Stock markets and risk assets in general rebounded strongly last week, while US rates did not. The result was a predictable dollar sell-off, with the main beneficiaries the European and Latin American currencies. The former was boosted by the closing rate differentials across the Atlantic, the … Continued
Allen & Overy has announced that it has advised Accolade in connection with a EUR 137.5 million development and investment loan to finance the construction of an innovative distribution centre for Amazon in Kojetín, the Czech Republic, in CEE this is the largest-ever loan for a single industrial rental property. The Czech team was led … Continued
Team push-ups for BCC members! MgC together with the Czech University of Life Sciences (CZU) have prepared a very interesting project, Team Push-up for BCC members. This is a team building exercise for teams, where different companies compete against each other. Since this is a corporate team building challenge, each team will receive feedback on … Continued
The Diplomat Gym by JKF, located on the penthouse floor of the Hotel Vienna House in Prague 6, has organized a Childrens’ Sport Camp program that will offer a variety of exercise programs and activities for kids aged 6 to 14. The all-day summer camps will teach youngsters the basics of fitness and help them … Continued
Ebury, one of the world’s largest fintech companies specializing in international transactions for small and medium-sized enterprises, with operations in 20 countries, today signs an agreement to begin the process of acquiring 100% of the Brazilian fintech Bexs, which includes the businesses Bexs Banco (foreign exchange) and Bexs Pay (payments). The acquisition, which is subject … Continued
Wobbly stock markets trigger rush to safe-havens Another week of risk asset sell-offs had a predictable effect on currency markets. The Japanese yen topped the week’s performance charts, followed by the US dollar. European currency stalled again, and commodity currencies like the Norwegian krone and the antipodean dollars fell sharply. Emerging market currencies fell against … Continued
The Government has concluded that it would be wrong to impose new administrative requirements on businesses who may pass-on the associated costs to consumers. The remaining import controls on EU goods will no longer be introduced this year, the government has announced today. Instead, traders will continue to move their goods from the European Union … Continued
According to PwC clients’ experience, one of the key areas of income tax inspection focused on by tax offices is transfer pricing. Every company closing a deal with related parties may be sooner or later in the position of a controlled entity. We would like to invite you to PwC’s webinar where they will share … Continued
Volatility returns with a vengeance on Fed hawkishness Interest rates are going up everywhere, hard and fast, and markets are finding it increasingly difficult to ignore the consequences. Stocks staged a relief rally in the wake of the Federal Reserve’s 50 basis point hike, but it was short-lived, and by the following day they resumed … Continued
The British Chamber of Commerce is looking for a new colleague who will support our executive team. Apply for the work position of Office Manager The British Chamber of Commerce (BCC) promotes the interests of its member-companies on both the Czech and international markets. With a platform of more than 160 members and 50+ networking … Continued