Category: Czech
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Czech National Bank To Assess Bitcoin as Part of Reserve Strategy
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Bank Council at the Czech National Bank (CNB) consent A proposal to evaluate investment in new assets chapters, including Bitcoin, as part of the International Reserve Management Strategy. The decision came during today’s meeting, as the Board of Directors reviewed a report on the International Reserve Department for the year…
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Czech Central Bank Head Wants To Buy Bitcoin With 5% Reserve Allocation
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The Czech National Bank (CNB) is considering a pioneering shift in its investment strategy by looking at allocating up to 5 % of its bitcoin reserves. This potential step, led by Governor Alice Michel, can place CNB as the first main central bank in the West to hold digital assets.…
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Czech Central Bank Head Wants To Buy Bitcoin With 5% Reserve Allocation
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The Czech National Bank (CNB) is considering a pioneering shift in its investment strategy by looking at allocating up to 5 % of its bitcoin reserves. This potential step, led by Governor Alice Michel, can place CNB as the first main central bank in the West to hold digital assets.…
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Bitcoin Goes Tax-Free In Czech Republic For Long-Term Holders
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If you’re from the Czech Republic, you have another good reason to hold onto your Bitcoin. The government approved a new tax policy Bitcoin is exempt from capital gains taxProvided that these assets are held for at least three years. The updated tax policy also exempts individuals from paying taxes…
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Czech finance ministry submits 2025 budget draft to cut deficit by 9% By Reuters
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PRAGUE (Reuters) – The Czech finance ministry has presented a draft budget for 2025 with a 9% lower deficit to the government, saying it would bring record investment while narrowing the fiscal gap to around 2% of gross domestic product. The draft budget, presented at midnight on Saturday, projects a…
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onsemi to invest up to $2B to build chip facility in Czech Republic
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sefa ozel/E+ via Getty Images onsemi, based in Scottsdale, Arizona, plans to invest up to $2 billion to build an integrated silicon carbide manufacturing facility in the Czech Republic. Company He said on Wednesday that the site will produce smart power semiconductors needed to improve energy efficiency in applications In…
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Czech Billionaire Plans £400m Overhaul for Royal Mail, Sparking Job Concerns
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Daniel Kretinski, the Czech billionaire preparing to take over Royal Mail, has unveiled a transformative vision for the company, which includes a £400m investment to create a network of drop boxes and delivery lockers across the UK. The move could significantly impact tens of thousands of postal delivery jobs and…
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Royal Mail, which lost $450m last year, bought by a Czech billionaire
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The owner of Britain’s Royal Mail said on Wednesday that it had accepted a takeover offer worth 3.6 billion pounds ($4.6 billion) from Czech investor Daniel Kretinski. Under the deal, Křetínský’s EP Group will buy International Distribution Services, which owns Royal Mail, for 370 pence ($4.72) per share. Including debt,…
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Royal Mail, which lost $450m last year, bought by a Czech billionaire
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The owner of Britain’s Royal Mail said on Wednesday that it had accepted a takeover offer worth 3.6 billion pounds ($4.6 billion) from Czech investor Daniel Kretinski. Under the deal, Křetínský’s EP Group will buy International Distribution Services, which owns Royal Mail, for 370 pence ($4.72) per share. Including debt,…