The employee is an expensive toy?
Posted by bara 12/03/2014 at 14h14

Posted by bara 12/03/2014 at 14h14
Posted by bara 25/02/2014 at 13h20
Posted by bara 07/02/2014 at 14h55
Posted by bara 28/01/2014 at 12h49
Posted by bara 14/01/2014 at 14h39
Due to increasing competitive pressures,the amount of compulsory insurance for several years been reduced. Now is the opposite situation. Since this September insurers are obliged to pay at least 3% of the premium income of the Fund to the loss prevention. These funds will be distributed among firefighters, rescue workers and persons involved in projects increasing road safety and will be used to buy or upgrade equipment.
Another reason is the rise of compulsory insurance , the new Civil Code, which entered into force on 1 January 2014, and increased demands on motorists claims. The right to compensation will have indirect participants equally like direct participants. Insurance companies will have to spend big sums on these claims , which will be assessed individually . In year 2013 family of someone who died could get only 240, 000 crowns but this year are compensation unlimited. Czech Insurance Association estimates that the cost of insurance will increase by three billion per annum. The rise of car insurance is form „hidden tax“.
Way to avoid the more expensive car insurance is when you use fixation price of car insurance to three years . The advantage is that car insurance will be for the three years more expensive then in these days. The disadvantage is that insurance companies offer fixation of price only for premium products what are much more expensive then clasic variant of car insurance. When you selecting car insurance you need to use common sense and only select the alternative product that would meet our needs . If the client negotiates insurance the cheaper option , it is possible that during the three years to pay premiums less than it would cost premium option with price fixing. General rule regarding car insurance, mortgage,, vendor selection energy or the mobile operator is that we must choose product variants that meet our specific needs, and we must not be fooled by overpriced products of certain financial institutions whose possibilities we will not be able to use it.
Posted by bara 02/01/2014 at 13h56
Posted by bara 11/12/2013 at 13h38
Since 1.1.2014 entry into force of the new Civil Code will bring a lot of changes. Many years judges and people called for a significant modification of the Civil Code, because the current civil code is fragmented and it was adopted in 1964. Since then Czech Republic and its legal system has changed considerably. After ten years, when the new Civil Code has been created, the Czech Republic end up being more modern and democratic with handling of private relations, where the emphasis is on personal rights, the principle of free will and unity in the commitment to the law. The unification of rules is the main objective of the new Civil Code.
Range of topics in the new Code is really wide and it accompanies us from birth to death. Significant changes were made in inheritance law. You may be able to bequeath picture to museum, money to charity and stamp collection to grandson.
Legatee is not an heir and therefore the testator's debts do not pass to him. Legatee or so does not become a party to the probate proceedings and dependent items can pass to his legacy before the heirs. Newly assets may refer to the condition that the child will inherit only after he will graduate from college. Conditions but the law partially corrects the deceased could not legatee or heir posthumously bully - such condition divorce and many more would be invalid. Code strengthens the will of the testator Institute strengthening the will and the introduction of inheritance contract. In addition there will be heirs’ expansion from four classes to six and also state can be an heir. Newly also creditors will be more satisfied because while today's heirs have to pay the debts of the deceased to the extent of inherited property, according to the new Code they will have to pay debts in full extent ( if they don’t refuse the inheritance).
Other changes occur in family law, which governs the joint property of spouses, the ability to adopt an adult person or 16 years old person can apply for a grant of legal age. The changes will also undergo tenancy arrangements, such as the deposit will be negotiated up to six times the monthly rent, if there is a gross breach the owner will have the right to terminate the contract without notice and he does not need to arrange housing for tenant as compensation.
The new Civil Code also seeks to consolidate ownership of the land and buildings standing on it. Now it is possible that house and land had different owners. In future the same person must be owner of house and owner of land. The new Code provides that the animal isn´t a thing.
Under the new Civil Code when somebody attacks an animal, attacker has to pay a treatment of the animals and owners emotional injury. The emotional costs are related to the special “price of popularity” - when someone intentionally destroys for example family photos, which have tremendous value for the owner, he will have to pay the "price of popularity". Under today's law you are entitled to a maximum of photos production costs. Special price of popularity may yet be variable and it depends on the court.
Posted by admin 02/12/2013 at 19h36
In the scenario, the exchange rate of the Czech crown shifts close to CZK 27/EUR and is thus much weaker than in the baseline scenario. The weaker exchange rate level is reflected in an increase in import prices, which pushes up both headline and monetary-policy relevant inflation. This is followed by faster resurgence of inflationary pressures from the domestic economy. Inflation thus returns to the CNB’s target in 2014, then moves into the upper half of the tolerance band around the target and approaches the target slowly from above during 2015. The temporary overshooting of the inflation target in this scenario offsets the significant undershooting in 2013 and 2014 and facilitates an exit from the zero lower bound on interest rates through a decline in real interest rates. Turning to GDP, there are several contrary factors fostering a recovery in economic activity overall in 2014 and, by contrast, reducing economic growth in 2015. At its monetary policy meeting on 7 November 2013, the Bank Board decided unanimously to leave the two-week repo rate unchanged at 0.05 %. Interest rates will be kept at their current levels (i.e. at “technical zero”) over a longer horizon until inflation pressures increase significantly. The Bank Board also decided to start using the exchange rate as an additional instrument for easing the monetary conditions. The CNB will intervene in the foreign exchange market to weaken the Czech crown so as to maintain the exchange rate of the Czech crown against the euro close to CZK 27/EUR. Owing to this decision, the scenario of using the exchange rate has become the most likely description of expected future economic developments.
According to many economic experts, currency depreciation is a wrong step, because Czech economy has slightly started to recover in recent months. President Miloš Zeman and last president Václav Klaus identify themselves with these statements and they also don´t agree with interventions of ČNB. Václav Klaus, who appointed members of the Bank Board, said that ”interventions have very questionable effects, but very disputed costs”.
According to the Bank Board this step is appropriate and in case of monetary policy inaction, the economy would revive considerably slower.
Experts’ criticism on the head of CNB is based on the argument that the central bank wants “to encourage shopping spree” by this abrupt rise in the price because it declares that it won't be cheaper in the future. Economists, however, are not sure who has to start spending, because people with above-average incomes will not be affected by rise of goods around 4%, they will still shop as always. A further group are households that have problems with their incomes and live from paycheck to paycheck, or living on loans or reserves (according to statistics, there are around 40 % of them). For these households CNBs statement is meaningless, since they are not forming any savings. Other households won’t also start to shop from the Czech National Bank anticipated reserves, but only hasten Christmas shopping, as for example in electronics stores there are still same prices, but it doesn’t mean that they are shopping this way all year.
Companies are feeling uncertain, since they don’t know whether the interventions will be mitigated or even pass away. However, the CNB currently doesn’t intend to change its decision, because it is expecting increase of economic growth, which should help to save the jobs of people that due to the price level they were supposed to loose, if CNB didn’t make this intervention. Decline in prices of purchased goods and services, which is at the level of individuals as consumers seemingly positive fact, is at the level of the national economy extremely harmful and unwelcome phenomenon. However, many businesses are dependent on imported goods and raw materials from abroad and therefore these items will become more expensive for them and they will be forced to lay off.
An ordinary consumer won’t notice any change in price within cheap goods. The largest price increase will be visible mainly in expensive goods. In the price of a new car from abroad, for example around half a million Czech crowns, consumers may notice a rise.
For example: “I want to buy a new car for 20,000 €. In the original rate (25.8 CZK ) it should cost about 516,000 CZK. In the new rate (27 CZK) it will be about 540,000 CZK. The difference is 24,000 CZK.” explains economist at Credit Home Michal Kozub.
Next ugly aspect of currency depreciation for households is exchange crowns to the euro. For example: when I want exchange 10,000 CZK-in the original rate (25 CZK) I get 400 €. In the new rate (27 CZK) I get only 370 €. There is difference 30 € = 800 CZK.
Opinions of experts on this issue are radically different and only result of growth of the Czech economy will actually prove if CNB had the correct assumptions.
Posted by admin 14/10/2010 at 14h12
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Posted by admin 26/04/2010 at 14h16
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