PragueConnect.cz - Economy

PragueConnect.cz is providing resources for English speaking Business Professionals living in, visiting, or interested in Prague and Czech Republic. Browse our latest Economy articles, if you have interesting content to share with our users, please feel free to contact us anytime to discuss with us possible publication on PragueConnect.cz!

Pension fund Allianz reports highest number of clients in Q1-3

Prague, Nov 25 (CTK) - Pension fund Allianz penzijni fond attracted the highest number of new clients by far in the first three quarters of this year, followed by Penzijni fond Ceske sporitelny (PFCS) and Penzijni fond Komercni banky (PFKB), according to data from the Association of Pension ... more >>
 

Weekly Finance Bulletin 19th November 2012

Market Roundup: It was yet another difficult week in global stock markets. Major indices were mostly in the red for the week, with the only exception being Japan’s Nikkei which gained 4% on hopes of further easing to stimulate its economy. Japan, another major economy to be in the midst of an ... more >>
 

Weekly Finance Bulletin 12th November 2012

Global markets overall lost ground for the week. Starting with Asia, stocks endured a tough week. Hong Kong’s Hang Seng and Japan’s Nikkei gave up over 3% and the Shanghai Composite (right) shed 2.27%. more >>
 

www.expatsfinancialservices.com Czech Republic!

The Czech Republic has become one of the top destinations in Europe for expatriates thanks to its lifestyle and economy which has enjoyed tremendous growth over the last decade. Low unemployment levels and its multi-cultural... more >>
 

Four more years of the same?

With the re-election of President Obama what should investors do to attempt to take advantage of the opportunities that this creates?  At Greenberg Financial Group we are strong believers in Santa Ana’s quote about forgetting the past and thus, while every financial firm uses the disclaimer that... more >>
 

The Female Price of Equality

The  2004 EU gender directive made it illegal for any insurer to use gender as one of the risk factors when determining insurance risk and premiums for insurance policies. The European Court of Justice (ECJ) allowed insurance companies an opt -out if they could provide statistical and ... more >>
 

Know Your Limits

We have all heard about the collapse of institutions that were seen as “too big to fail” in recent years. But what level of investor protection is available, within Europe, for people’s savings? more >>
 

Weekly Finance Bulletin 5th November 2012

Across the globe, global stock indices enjoyed a largely positive week. Buoyed by encouraging US and Chinese economic data, stock valuations were able to slightly advance even as US markets were closed for 2 days following Hurricane Sandy. more >>
 

Weekly Finance Bulletin 29th October 2012

Markets gave up ground. A string of disappointing earnings results from industry stalwarts painted a glum mood for investors as both Apple and Amazon were unable to lift sentiment. more >>
 

Weekly Finance Bulletin 22nd October 2012

It was a mixed bag of results for global equity indices. In Europe, markets advanced well for the week with most indices delivering a 2% gain for the week. French and Spanish markets nearly pushed above 3%. more >>
 

Providing financial advice for American expats

There are thousands of Americans living in Central and Eastern Europe as well as across the rest of the continent who may be in need of a financial investment advisor.  Because of the Foreign Account Tax Compliance Act (FATCA) many banks are “firing” their US clients rather than deal with the ... more >>
 

The EU Savings Directive

I have dealt with a client that had to send the local Czech tax office the grand sum of 180kc as a result  of interest earned  from a UK bank account. The UK interest was taxed at source and so there is no further tax to pay, but to prove it would cost more than the 180kc the local Financial ... more >>
 

Weekly Finance Bulletin 15th October 2012

There was a retraction for most global markets last week. Worries on earnings and growth hit Asia, with Japan and Singapore 3% and 2% respectively as China advanced on easing hopes. Brazil's central bank cut the country's benchmark interest rate to 7.25% midweek, and indicated it was at the end ... more >>
 

All that glitters is not gold…..

With so many of the people I talk to concerned about what is happening across Europe and where we will go from here I continue to hear the question “should I buy gold?” And statements such as “the markets are doomed gold is your best bet!” more >>
 

Weekly Finance Bulletin 8th October 2012

U.S. stocks remained in rally mode after the release of minutes from the last Federal Open Market Committee meeting, which had the central bank opting to launch a third round of monetary easing. A warm reminder of what they so badly craved. Ironically, the market is still none the wiser as to ... more >>
 

Major productivity boost: Upgrade your Accounting Software

PR - CFO2GO entrepreneurial advisory: Cleaning up your workplace, organizing your tools, putting together lists of maintenance and improvement projects always precedes periods of intense application. Entrepreneurs seek continuously to eradicate productivity drains and make meaningful ... more >>
 

Weekly Finance Bulletin 1st October 2012

European stocks were mixed to higher by the end of last week, as the announcement of Spanish budget cuts to tackle the country's sovereign debt crisis, coupled with earlier euro zone inflation data lifted market sentiment. more >>
 

Weekly Finance Bulletin 24 September 2012

Global indices were little changed and where European markets may have given up gains mid week, they ended in ascendancy. US markets also rose as well as their Japanese and Chinese counterparts. more >>
 

Weekly Finance Bulletin 17th September 2012

Well there you have it. After months of to-ing and froing, the market which begged, got what they finally wanted. The closing paragraph of the opening section of last week’s bulletin speculated on the enormous pressure on the Fed to act as the sustainability of economic recovery came further and... more >>
 

Getting Your Benefits Right When Working Abroad

As expats, we all have different reasons for moving away from the UK. In the main, these are likely to be for career progression or a complete change in lifestyle. For those that move abroad in order to work , they may wish to consider some of the employee benefits that they left behind and to ... more >>
 
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