Economy and Market

Commercial companies, obligation of the modification of the statutes

The recent recodification of private law in the Czech Republic has led to the necessity to establish rules for the application of the new law to existing legal relations. These rules are contained in the transitional provisions. As regards commercial companies and cooperatives, we...

Macroeconomics July – August

Unemployment Unemployment data seems to show some improvement for May and for June. The unemployed among active population decreased to 6.4%, and were 7.5% of the total population, in May. Figures which are way better than those of the last few months and on...

Made in Czechoslovakia, the mark of nostalgia

Every now and then in Prague and Bratislava they talk about the possibility of brushing up the old logo, to promote exports. But many do not like the initiative and this has led to controversy For some, it is just the senseless proposition of...

Macroeconomics May – June

Unemployment The unemployment level slightly improved in April. The active population unemployment was at 6.5%, or 7.9% overall. Preliminary data for May indicate an improvement too, albeit marginal. The figures are still quite high, though much lower than the Eurozone. When looking at the...

Apartment Property: a comparison between Czech and Italian law

Apartment property is of a specific nature, because an apartment is not essentially an autonomous item and is always part of a larger entity – the building in which it is located. The legal system has consider the fact that a building is made...

The “beautiful” Poldi: rise and fall of the “queen” of steel

The story of the Kladno factory, the industrial emblem of the last century, from economic power to literary charm It used to be one of the most important steelworks in Europe, but is now mostly an abandoned wreck. It will take decades to ensure...

Tatra, the off-road giant

The great tradition of a company, which now produces trucks, but which in the past launched the first aerodynamic car in the world From the carriages of the Austro-Hungarian Empire to the multi-million deal with India and the Middle East, the Tatra story spreads...

Macroeconomics March – April

Unemployment The unemployment level in the Czech Republic is steady since several months. For February, data show a 6.8% rate for the active population, or 8.3% general. The recently implemented new estimation system shows levels lower than the recent past, but it is just...

Public records: new course in the Czech Republic

At the beginning of the year, as well as the re-codification of the civil law, yet another important innovation was introduced into the Czech legal system: Law 304/2013 on public registers of legal entities and natural persons (thereafter referred to as “Public records law”),...

Italian inspirations in the new Czech civil code

The authors of the new Civil Code of the Czech Republic, which entered into force on 1st January of this year, took as a reference model also the European jurisdictions and their particular legal institutions. The purpose of this article is to indicate how...