Business
In a world where innovation moves faster than the systems meant to protect it, Daniel Ruskin, a former engineer at Coinbase, is stepping forward with a bold vision: to radically transform how we file and manage patents. After four years working at one of the leading cryptocurrency platforms, Ruskin decided to take an unconventional path. He enr...
Solek Czech Services, a company specializing in the construction of solar power plants both in the Czech Republic and abroad, has been officially declared insolvent by the Municipal Court in Prague. However, the court also approved a reorganization plan, offering the company a chance to stabilize its operations and restructure its debt. Accordi...
The case surrounding the sudden death of Tomáš Smetka, a Czech developer and cryptocurrency expert who tragically died in December 2023 after falling from a balcony in Prague’s Karlín district, has been officially closed. The prosecutor’s office dismissed an appeal against the police decision to drop the investigation, making the case resolution...
The Spanish government has decided to reduce the working week to 37.5 hours in order to promote a better work-life balance. The measure, which is expected to come into force next year, will affect around 13 million workers. Shorter working weeks are also common in other European countries, such as France, Denmark and Belgium. The decision ...
Healthy Meals, the second largest player in the ready-to-eat boxed meals market, plans to significantly expand its production and sales. It specialises in healthy and dietary food, which has gained popularity especially among residents of larger cities. The company has the ambition to become the market leader in the Czech Republic, which would m...
Rising costs for businesses: higher premiums from 2025 and changes to the system From next year, entrepreneurs will face a significant increase in compulsory levies. The biggest increases will be in social insurance, which covers pensions, and in health insurance. Self-employed people using the flat-rate tax will also face a significant incre...
Forbes has published its annual ranking of the 100 richest Czechs and this year's ranking brings several interesting changes. Although the top three positions have remained the same, Andrej Babiš, who has regularly ranked in the top five in previous years, has dropped to seventh place this year. His position was taken by Radovan Vítek and Mic...
Karo Leather, a Czech leather processing company, published its financial results for the first half of this year on Thursday. The company successfully launched production at its new factory in Brtnica and confirmed its annual target for operating profit. Karo Leather, whose shares are traded on the Start market of the Prague Stock Exchange, ...
Fashion group Esprit plans to close all 56 of its stores in Germany by the end of this year, resulting in job losses for some 1,300 workers, according to DPA. The insolvent European arm of the company is expected to sell trademark rights to British financial investor Alteri. Esprit did not disclose the purchase price of the deal. The plan is to ...
