In the Czech Republic, real estate investing is the number one way to make money. Investown has created a way to use micro-investments to help people create profit. Since the launch, the company has distributed 2.8 milion CZK. Also, 30,000 users have invested more than 250 million CZK in the last six months. “Real estate is generally considered an interesting investment in the Czech Republic, and we have brought it closer to people who do not have hundreds of thousands of crowns available for investment. The interest exceeded our expectations several times over. The average amount invested per user is close to five thousand crowns. As the number of real estate increases, so does the amount we pay to investors every month,” says Alan Pock, co-founder, and CEO of Investown. Investown is a new financial technology that mediates the possibility of micro-investments in real estate. The goal is for everyone to have access to real estate profits so that they can value their money efficiently and safely. All you have to do is log in to the Investown application, choose a property in which you can deposit an amount as little as 500 CZK, and a proportional part of the...
The Czech Statistical Office (CZSO) published the current employment structure of the Czech Republic. The data shows that foreigners make up 14,2% of the workforce with 741,967 registered foreign employees. A big part of the foreign employees works in administration, customer support service, manufacturing, and construction industries. Both the number of foreign employees (644,164) and the number of foreign holders of a trade license (97,803) increased year-on-year in 2020, despite the ongoing covid-19 pandemic, CZSO said in its report published this week. From 2010 to 2019, the proportion of foreigners in the Czech labor market has grown steadily, though the Czech Republic is still below the European Union average in this regard. The trend was only interrupted last year due to the COVID-19 pandemic and related restrictions (-20,000 by mid-2020). The construction sector, where foreigners make up 28% of the workforce, was the hardest-hit. Despite this strong increase, the country still has a below-average share of foreigners in Europe compared to its overall population. The share of non-nationals rose in all sectors of the economy, and even make up the majority of workers (54%) in the administrative and support services sector. Ukrainians (145,000), Slovaks (121,000) and Vietnamese (62,000) are the main...
If your day doesn’t start until you’re up to speed on the latest headlines, then let us introduce you to our new morning fix. The newly appointed government plans to increase PCR testing capacities against Covid-19. The cabinet will start looking at new methods of testing because of the new omicron variant. 60,170 people started businesses in the Czech Republic during the first eleven months of this year, which is 2,811 more thanin the same period last year and also the highest figure in the past five years. According to the latest data from the Czech Statistical Office (CZSO), at the end of 2020, the number of foreigners employed in the Czech Republic reached nearly 750,000. The newly appointed Minister of Health, Vlastimil Válek, has called on Czechs to limit their contacts and to “refrain from excessive partying” during the holiday season to minimize the spread of Covid-19. Czech researchers have developed a biochip that is as fast as an antigen test and reliable as a PCR, the news site novinky.cz reported. The advantage of biochips is that they can be used repeatedly until the first positive result.
Jiří Ovčáček, the official spokesperson for Czech President Miloš Zeman, was reportedly involved in an alcohol-fueled incident in Prague on Friday night. He was observed in a drunk and aggressive state and had to be taken to the Central Military Hospital in Střešovice around 3 am. The police had to intervene because he refused to leave the taxi. He apologized for the incident, calling it an “exceptional failure”. “I am extremely sorry because I have certainly disappointed many people, including my loved ones and co-workers. “I could have hurt the president,” he continued. “I will not make excuses, it was an exceptional failure that will not happen again, and I would like to ask everyone for forgiveness. I’m sorry,” said Ovčáček to CNN Prima. “I have been experiencing a lot of pressure in recent weeks and months. President Zeman was in the hospital, there were various difficult circumstances surrounding the creation of the government and it was a very tough period that I have probably never experienced in my life,” added Ovčáček in an interview.
On his first day in office, Czech Prime Minister Petr Fiala sent a message to capitals around the world, one heard from Brussels to Budapest to Beijing: Our country is turning west. The message came in the form of Fiala’s choice for foreign minister, Jan Lipavský, a 36-year-old China hawk, Russian critic and vocal defender of the EU and NATO. In late October, he pledged to “pursue a renewed human rights tradition,” and vowed “strong cooperation at the EU and NATO level.” He specifically called out Russia and China as both representing a “threat to the Czech Republic,” arguing Czech foreign policy had to “properly reflect this.” The Czech Republic, he argued, had surrendered some of its principles in recent dealings with Russia and China. The country’s current relationship with the Kremlin, he added, is useless. Perhaps most notably for China, Lipavský favors deepening ties with Taiwan, a self-ruling island Beijing considers part of China. In October, Lipavský called Taiwan “an important economic partner of the Czech Republic … many times more important than the People’s Republic of China.” The statement will certainly rile Beijing, which has punished other EU countries such as Lithuania for warming to Taiwan. In addition to disagreements over Russia...
Today we commemorate the 10th anniversary of the death of the first president of Czechoslovakia and later the Czech Republic after the fall of communisms – Václav Havel. Vaclav Havel was born in October 1936 in Prague, into a family that was culturally influential in Czechoslovakia. After taking power in 1948, the Communists restricted the family’s rights and Vaclav Havel was not allowed to pursue studies in the literature. Nevertheless, by the 1950s, he had established a circle of literary friends who were opposed to the totalitarian regime and wrote works despite being banned from publication. Václav Havel wanted to become a film director, but due to his family’s background at the time of communism, when he was young, he could not study and humane sciences. In the 1960s he became a theatre dramaturge. He became internationally renowned thanks to his plays The Garden Party (1963) and The Memo (1965); he was even allowed to travel abroad for the premiere of his works. Following his involvement in the 1968 Prague Spring reform demands, he was banned from publishing and working in theater, which in return led him to become more politically active. With his fame, as well as the ideas he stood for, he became...
Anyone remember Norwegian, the low-cost carrier beloved by budget travelers that dropped its transatlantic flights nearly a year ago? Now travelers chasing these kinds of low fares across the pond have a new option. PLAY Airlines is a low-cost airline currently operating flights between Iceland and many cities in Continental Europe and the British Isles. To date, PLAY has flown more than 87,500 passengers across Europe and claims an impressive on-time arrival rate over 96% (In comparison, Delta is typically the most punctual U.S. carrier, and led its competitors with 85% in 2019). Like longtime budget carrier Icelandair, it flies from a hub in Reykjavik and will soon be connecting all those European destinations to the East Coast using Airbus A321NEO and A320NEO aircraft. Today PLAY is announcing the launch of service in April 2022 from the United States to Iceland and 21 other European destinations including London, Paris, Barcelona, Copenhagen, Prague, Dublin and more (including Amsterdam, but with service starting later). PLAY will initially go from two U.S. cities, Boston Logan International Airport (BOS, launching May 11) and Baltimore/Washington International Thurgood Marshall Airport (BWI, launching April 20). Travelers can visit www.flyplay.com to start planning and booking trips with great promotional offers now...
The new Czech government will not extend the state of emergency introduced by the previous Cabinet of Ministers. Therefore, it will automatically expire on December 25th. “The government has decided that it will not ask the Chamber of Deputies to extend the state of emergency. We continue to monitor the development of the epidemiological situation, and if it worsens, the government will be ready to re-discuss the introduction of a state of emergency,” said the new Prime Minister Petr Fiala. However, Fiala added that “the situation remains serious”. Therefore, the Cabinet will not leave for the Christmas holidays and will hold regular meetings on December 22 and 29. The prime minister also announced the creation of a group of ministers who will immediately begin to resolve the issue of a sharp increase in gas and electricity prices. Note that the state of emergency allows the government to take those quarantine measures that cannot be introduced on the basis of current laws. The state of emergency came into effect on November 25, 2021. All Christmas markets across the country are banned, as well as drinking alcohol in public places. Furthermore, bars, restaurants, nightclubs, discotheques, and casinos have to close at 10...
A new coalition government took office in the Czech Republic on Friday, with the coronavirus pandemic and soaring inflation presenting immediate policy challenges. President Milos Zeman swore in the Cabinet at the presidential chateaux in Lany, west of Prague, ending the government of his ally, populist billionaire Andrej Babis, as prime minister. Two political coalitions that together collected a majority of parliament seats in the country’s Oct. 8-9 election signed a power-sharing deal to rule together. The new partnership holds 108 seats in the 200-seat lower house, relegating Babis and his centrist ANO (YES) movement to the opposition. ANO narrowly lost the election with 27.1% of the vote. A three-party, liberal-conservative coalition known as Together, composed of the Civic Democratic Party, the Christian Democrats and the TOP 09 party, came in first with 27.8% of the vote. Together has formed a government with a center-left liberal coalition made up of the Pirate Party and STAN – a group of mayors and independent candidates – which placed third. Despite their differences on many issues, including climate change, same-sex marriage and the adoption of the euro, the coalition parties all support the Czech Republic’s membership in the European Union and NATO membership....
If your day doesn’t start until you’re up to speed on the latest headlines, then let us introduce you to our new morning fix. The drug molnupiravir against COVID-19 will reach the Czech Republic on Friday and its distributor is already accepting orders for it. Molnupiravir inhibits the replication of the virus in a patient’s body. President Milos Zeman has invited Pope Francis to visit the Czech Republic in a letter on the occasion of his 85th birthday on Friday. The head of state as well as other Czech representatives have repeatedly invited the Pope for a visit. Czech Pirate chairman Ivan Bartos will seek re-election at the nationwide congress, naming among his priorities the stabilisation of the party within its government role and more professional political and media strategy, Bartos wrote on the Pirate Internet forum today. The Avenier company started distributing 300,000 anti-COVID vaccines for children aged from five to eleven to the pediatricians’ surgeries and some vaccination centres all over the Czech Republic. Czech researchers have developed a biochip that is as fast as an antigen test and reliable as a PCR, the news site novinky.cz reported. The advantage of biochips is that...
The initial delivery of the latest drugs against coronavirus will arrive in the Czech Republic on Friday Morning. Nearly two years into the pandemic, the FDA could soon authorize the first antiviral pill, offering an at-home COVID-19 treatment designed to keep high-risk adults out of the hospital. The pill molnupiravir would block the SARS-CoV-2 virus from replicating and taking over the body. Merck and Ridgeback Biotherapeutics say the pill lowered the risk of hospitalizations and deaths in high-risk study volunteers if given within 5 days of the first signs of infection. The treatment would be started immediately after, for example, a positive PCR test, even before the onset of clinical signs. That gives the patient the most, the greatest chance for therapeutic benefit. The Czech Ministry of Health temporarily authorized the use of molnupiravir last week, stating that “the drug is intended for the treatment of patients with proven mild to moderate Covid-19, and for those who are at high risk of hospitalization. It is available to people aged 18 and over, with the exception of pregnant and breastfeeding women”. The treatment involves taking 40 pills over the course of 5 days. Britain last month became the first country to approve the treatment, jointly...
On January 19th, Meridian is organizing its Open Day. You can meet the team and have a look around to the Early Years and Primary School. More info here A school is imperative to a child’s development, playing an essential role in their physical and mental growth. As the famous phrase goes, the children of today are the adults of tomorrow. That is why teaching, and the overall community, at Meridian International School, located in the sheltered area of Kobylisy in Prague, is so special. With over 450 children from 64 different nationalities attending, their approach to diversity creates a safe and friendly environment, standing out amongst Prague’s other international schools. Fostering inclusion and awareness around multiculturalism benefits students of all different backgrounds and encourages acceptance so they are later equipped to thrive in our diverse world. Children in the Meridian community meet people from new cultures and learn from others, in their cosy class sizes, creating cherished friendships from all over the world in a rich and informative environment. Amongst other things, the school is also unique for offering a full Cambridge Education, from early years to graduation, ensuring an outstanding educational experience for Czech and international students alike. Already...
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