Czech Banks – Kinoobzor http://kinoobzor.net/ Fri, 11 Jun 2021 23:07:05 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.2 https://kinoobzor.net/wp-content/uploads/2021/05/cropped-icon-32x32.png Czech Banks – Kinoobzor http://kinoobzor.net/ 32 32 European stocks close higher on economic optimism https://kinoobzor.net/european-stocks-close-higher-on-economic-optimism/ https://kinoobzor.net/european-stocks-close-higher-on-economic-optimism/#respond Fri, 11 Jun 2021 17:51:19 +0000 https://kinoobzor.net/european-stocks-close-higher-on-economic-optimism/

(RTTNews) – Despite concerns over inflation, European markets closed on a firm note on Friday as investors rallied to stocks amid continued optimism about a strong economic recovery.

Underlying sentiment was expectations that global central banks will not tighten monetary policy or reduce stimulus.

Investors were also eagerly awaiting the Federal Reserve’s monetary policy announcement, scheduled for next Wednesday (June 16).

The pan-European Stoxx 600 climbed 0.65%. The German DAX gained 0.78%, the French CAC 40 ended up 0.83% and the UK FTSE 100 jumped 0.65%, while the Swiss SMI closed up 0.26% .

Among other markets in Europe, Austria, Belgium, Finland, Ireland, the Netherlands, Portugal, Russia, Spain, Sweden and Turkey closed on a high note.

Denmark, Greece, Iceland and Norway advanced slightly, while the Czech Republic and Poland finished weak.

In the UK market, shares of Thungela Sources Limited climbed 25.4%.

The shares of the Sanne Group climbed 12%. The specialist fund administrator confirmed that he had received an unsolicited and non-binding fifth proposal from Cinven regarding a possible cash offer at a price of 875 pence per share.

Melrose Industries, ICP, Glencore, Smurfit Kappa Group, Evraz, Intertek Group, 3I Group, Bunzl, Standard Life, Entain, Antofagasta, Smith (DS) and Halma gained 2-3%.

Informa, Just Eat Takeaway, BT Group, Imperial Brands, Ashtead Group, Sainsbury (J) and Standard Chartered finished with net to moderate losses.

In France, Renault rebounded by more than 7%. Valeo, Capgemini, WorldLine, Faurecia, ArcelorMittal, Teleperformance, Dassault Systèmes, Airbus Group and LVMH also ended up sharply.

In the German market, BMW, Daimler, Volkswagen, Thyssenkrupp, MTU Aero Engines, Deutsche Post, Continental, RWE and Adidas gained 1 to 2%. Deutsche Bank ended sharply lower.

In economic publications, the UK economy has grown at the fastest pace since July 2020, with government restrictions affecting economic activity continuing to ease in April, according to data from the Office for Statistics.

Gross domestic product grew 2.3% month-on-month in April, faster than the 2.1% expansion seen in March. The rate should improve to 2.2%.

The German economy is expected to grow faster than expected in the hope that the vaccination campaign will eradicate the pandemic quickly and sustainably, the Bundesbank said in its biannual report.

The central bank is forecasting 3.7% growth in the eurozone’s largest economy in 2021 compared to 3% forecast earlier. The outlook for 2022 has been raised to 5.2% from 4.5%.

In 2023, real GDP growth is expected to run out of steam, but will still increase by 1.7%, according to the Bundesbank.

Wholesale prices in Germany have increased at the fastest rate since mid-2008 in May, data released by Destatis revealed. Wholesale prices rose 9.7% year-on-year in May, after rising 7.2% in April. This is the fastest increase since July 2008, when prices rose 9.9%.

Annual growth was largely fueled by the 46.8% jump in petroleum product prices.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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New Jersey Farmland Ghost Story – Red Bluff Daily News https://kinoobzor.net/new-jersey-farmland-ghost-story-red-bluff-daily-news/ https://kinoobzor.net/new-jersey-farmland-ghost-story-red-bluff-daily-news/#respond Thu, 10 Jun 2021 22:21:38 +0000 https://kinoobzor.net/new-jersey-farmland-ghost-story-red-bluff-daily-news/

When my father passed away in 1964, there was little time for grief. No time to think, not even time to take much more than an hour off for the funeral. With Minch’s Wholesale Meats Inc. in full swing, there was cattle to buy, slaughter, manufacture and ship. There were payrolls to respect and bankers to reassure. Therapy for the loss of a father and a mentor was simply trying to learn in a week everything he had learned in the 35 years since the first day he opened the doors of his slaughterhouse.

Losing my mother on St. Patrick’s Day years ago was another matter. Back then, there was time to think, time to mourn, and time for a well-paced funeral. However, as per her wishes, we actually rushed her quickly with a funeral service and only the immediate family was present. But a lot of former employees have passed anyway. I guess they had worked for my family for so long that they saw themselves as family. Why not?

As the pastor lectured on the church and the afterlife, I studied the faces of those present. Kill the men on the ground, the cattle buyers, the truck drivers – a good sample of the guys who made the old factory buzz.

Due to my mother’s violent death at the hands of intruders in the night, my mind returns time and time again to the scene of her death, and I somehow try to change the outcome. I’m trying to change the facts and convince myself that because she was a devout Christian she didn’t suffer, but it doesn’t work. The only thing that helps is remembering better times and the good old days.

To really change the subject, however, it’s wise to step back in time and lighten the mood. Here is my father’s famous ghost story, as he wrote it:

“When I was about ten years old, we had a family that lived in the tenant’s house on our farm in New Jersey. Whenever possible, the children of the neighborhood gathered to hear these people tell their stories. They were superstitious, and therefore the stories they told as actual events were mostly based on the supernatural.

“One of these stories had to do with the ‘hants’. I guess the word was a variation or contraction of the word “haunt”. It seemed that on dark nights these “hants” would come out from under the bridge over our little stream and up the hill, covered in white sheets. They apparently didn’t have a head either.

“I had been brought up to believe that such things did not exist. During the day, I had no trouble dismissing the stories, but after dark, if you were only ten years old and were alone, it wasn’t easy to be quite so. sure.

“We lived about three miles from a small town, and sometimes I was allowed to drive an old horse and surrey to visit friends after housework. The only condition was that I did not lead the horse faster than walking.

“I was coming back from one of these visits on a particularly dark summer evening. It must have been around 10 p.m. as I approached the bridge near the tenant’s house, and I became a little uncomfortable. I hadn’t met or passed anyone for some time.

“As I drove across the bridge, I half expected to see a ‘haunt’ jump on me. . . but just as I crossed the bridge and started a slight incline I looked to my right and it was there! As they said! The only sounds were my horse’s hooves and the cart thumping on the dirt road. The shapeless white mass had no head, okay, and it floated and swayed a few feet from the wheel. He stayed there and went neither faster nor slower than my horse.

“I tried to pick up the lines and hit the horse to speed it up, but I couldn’t move my hands. I tried to scream, but no sound came out of my mouth. I knew I wasn’t dreaming – it was just too real for that. Sweat was running down my back and my heart was beating very fast, because I was still quite a distance from home.

“When I thought I couldn’t take it anymore, we reached the top of the hill – the horse, the ghost and me. The steep banks along the road up the hill collapsed, and in a little more light I could see that a Holstein heifer had followed my horse and was walking silently on the grass along the road. She had stayed the same distance from us all the way up the hill. His black spots were not showing, and his white side had given the irregular shape of my “haunt”. Since her feet were also black, she seemed to be floating about a foot or two off the ground.

“The next day I decided that most ghost stories had an explanation just as reasonable as this, and that I would never be afraid of ghosts again. And I wasn’t, at least not in the light of day.

– David Minch 1900-1964.

A wealthy lawyer was at his summer home in the Maine wilderness and invited his Czech friend to visit him.

They were picking berries one morning when they were approached by two huge bears, and the female swallowed her Czech friend. The lawyer summoned the sheriff and when he arrived told him that his Czech friend had been swallowed by the female bear, but instead the sheriff shot the male bear.

The lawyer shouted, “Why did you do this? I told you the female had swallowed Czech.

The sheriff replied, “Yes, but who would believe a lawyer who said the Czech was a man?” “

Robert Minch is a longtime resident of Red Bluff, former columnist for Corning Daily Observer and Meat Industry magazine and author of “The Knocking Pen” plus his new book “We Said”. He can be contacted at rminchandjazz@gmail.com.


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Payments giant Stripe launches Stripe Tax to integrate sales tax calculations for over 30 countries – TechCrunch https://kinoobzor.net/payments-giant-stripe-launches-stripe-tax-to-integrate-sales-tax-calculations-for-over-30-countries-techcrunch/ https://kinoobzor.net/payments-giant-stripe-launches-stripe-tax-to-integrate-sales-tax-calculations-for-over-30-countries-techcrunch/#respond Thu, 10 Jun 2021 13:01:06 +0000 https://kinoobzor.net/payments-giant-stripe-launches-stripe-tax-to-integrate-sales-tax-calculations-for-over-30-countries-techcrunch/

Following the acquisition of sales tax specialist TaxJar in April, Stripe is now taking another big step in the tax arena. The $ 95 billion payments giant is launching a new product called Stripe Tax, which will provide automatic, up-to-date sales tax calculations (covering sales tax, VAT, and GST) and related accounting services to Stripe Payments customers initially in around 30 countries and across the United States.

Stripe Tax is a separate service from TaxJar, but the two are not unrelated. While Stripe Tax has been under construction at Stripe’s Dublin offices for the past few months, Stripe’s EMEA sales manager Matt Henderson told me the team has identified TaxJar as a solid company. in the field. This ultimately led to mergers and acquisitions between them.

Sales tax – and in particular a more transparent way to manage and track sales tax – is a painful problem for people doing business online.

Digital and physical goods are taxed in over 130 countries, Stripe said, and within those there can be a huge amount of variation and complexity in compliance, as codes are also being updated. All the time. Poorly managed sales tax, on the other hand, can lead to pretty hefty fines, sometimes up to 30% interest on overdue amounts.

Unsurprisingly, a sales tax tool has been the feature most requested by Stripe customers, said Henderson, a call that likely only rose last year as e-commerce and digital transactions rose. soaring with Covid-19.

Arguably, this makes Stripe Tax one of the company’s biggest product launches, let alone the first since it announced its monster fundraising round earlier this year.

Previously, Stripe customers would have used a third-party service (like TaxJar) to calculate sales tax. Or, more generally, these Stripe customers would have chosen to limit the number of places they sold goods and services, in order to minimize the pain of dealing with multiple, complex, and usually quite localized tax codes.

“Nobody jumps out of bed in the morning excited about facing taxes,” John Collison, co-founder and chairman of Stripe said in a statement. “For most businesses, managing tax compliance is a painful distraction. We make everything related to calculating and collecting sales taxes, VAT, and GST easy, so our users can focus on growing their business. “

Stripe said a survey of its customers found that two-thirds of respondents said the challenge of implementing sales tax was actually limiting their growth.

TaxJar has a solid system in place to handle this, but the company – based in Massachusetts – is primarily focused on the US market, which has a sufficiently complicated sales tax (there are 11,000 different tax jurisdictions in the country).

That leaves a lot on the table to develop sales tax tools for the rest of the world: the broader purpose of Stripe Tax thus fills a particular geographic void for the company, however good the integration of TaxJar may be. and Stripe over time.

There is another key difference to note between the two.

TaxJar caught Stripe’s attention with an established operation – 15,000 customers at the time of the announcement. Stripe has (wisely) integrated this as a standalone business, which means new and existing customers who use TaxJar can continue to use it as is. That is, at least for now, they don’t need to be Stripe Payments customers to use TaxJar, although the integration between the two platforms will only get better with the time.

Stripe Tax, on the other hand, is designed from the ground up as a product aimed specifically at increasing touchpoints and loyalty with Stripe customers.

Stripe Tax provides real-time tax calculation based on customer location and product sold; a description that is transparent to customers; management of tax identification in areas (such as Europe) where professional clients can provide their code and obtain a reverse charge of the tax if they are themselves below a certain turnover threshold; and the reconciliation and reporting of all transactions to facilitate deposit and disbursement.

But, there is currently no way to use Stripe Tax outside of Stripe payments.

This could cause problems for some customers. Many of the more powerful retailers these days will take an ‘omnichannel’ approach that could cover selling via marketplaces, selling via websites, selling via social media and more – and not all of these experiences can. be powered by Stripe. It will be worth seeing if future iterations of Stripe Tax can accommodate this.

The launch of Stripe’s most important product ahead of Stripe Tax – Stripe Treasury last December – underscores how much the company is currently very focused on diversifying outside of its core payment business and opening up the platform. forms to much larger and larger-scale transactions.

Treasury, which is still in invite-only mode, has seen Stripe partner with established banks to provide business banking service, giving its customers a way to manage the money they generate from their powered businesses. by Stripe.

The full list of countries where Stripe Tax is launched are Australia, Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany , Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, New Zealand, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland, United States and United Kingdom.


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Study: Financial Crime Compliance Costs Rise 18% in 2020 | Item https://kinoobzor.net/study-financial-crime-compliance-costs-rise-18-in-2020-item/ https://kinoobzor.net/study-financial-crime-compliance-costs-rise-18-in-2020-item/#respond Wed, 09 Jun 2021 20:46:00 +0000 https://kinoobzor.net/study-financial-crime-compliance-costs-rise-18-in-2020-item/

the Real Global Cost of Compliance 2020 The report found that the largest increases in compliance costs have occurred in Western Europe, particularly Germany, and the United States.

Global costs were estimated at $ 180.9 billion in 2019. The 2020 compliance spending figure of $ 213.9 billion represents an increase of 18%.

The report interviewed 1,015 financial crime compliance decision makers at financial institutions around the world, including banks, as well as investment, asset management and insurance companies. These decision makers have indicated that they oversee financial crime compliance processes, such as sanction oversight, know-your-customer (KYC) remediation, anti-money laundering, and transaction monitoring. .

The bulk of the financial crime compliance spending – $ 150.6 billion – studied in the survey took place in Western European countries such as the UK, France, Germany, Netherlands, Italy, Baltic States, Poland, Czech Republic and Hungary. The United States and Canada followed with $ 42 billion.

Financial crime compliance spending in the United States increased 33% in 2020, compared to the previous year’s survey results. Spending also increased significantly in Canada (33%), Italy (27%), the Netherlands (22%), Germany (20%) and France (18%).

The total increase in spending was highest in Germany ($ 9.6 billion more in 2020) and the United States ($ 8.8 billion).

Some countries – Chile (61%), the Philippines (44%) and South Africa (43%) – experienced huge spikes in compliance costs, but overall costs have remained relatively low. Double-digit increases in compliance spending occurred in all of the countries surveyed.

Compliance spending in other regions lags far behind North America and Western Europe. In Asia-Pacific, companies spent $ 12.1 billion, followed by Latin America ($ 5.9 billion), the Middle East ($ 3.4 billion) and South Africa ($ 3.3 billion).

A handful of countries with highly regulated financial systems, including China, Japan, Australia, New Zealand, Spain, Sweden and Denmark, were not examined in the study. A spokesperson for LexisNexis Risk Solutions said the survey selected “a sample of countries from each region based on where its business is focused, while trying to ensure that the largest financial centers and / or those with high risk of financial crime are represented “.

While there was consensus among respondents that costs are increasing in all of the markets studied, they did not agree on the factors that determine compliance costs. Client Risk Profiling, Sanction Filtering, Regulatory Reporting, Politically Exposed Person Identification (PEP), KYC for Account Integration, and Effective Alert Resolution were all categorized similarly by respondents as key challenges, according to the survey.

The pandemic has played a role in increasing compliance costs, but its effects have been uneven across regions and company sizes. Mid-to-large U.S. financial service providers were much more likely to experience dramatic increases in compliance costs in part because of the pandemic, respondents said. Some costs associated with the pandemic stem from increased alert volumes and suspicious transactions, ineffective alert resolution and due diligence, more manual work, and limitations with risk profiling / appropriate sanction screening / PEP identification, according to the investigation.

In the US and Canada, the top financial crime compliance challenge was sanction screening (65%), while in Western Europe it was the client risk profile (53%) . In the Asia-Pacific region, which included India, Indonesia, Singapore and the Philippines, the main challenge was KYC (58%).

The survey indicated that US companies are also preparing for a new regulatory review with a particular focus on risk profiling, sanction filtering, identification and integration of PEPs. Preparing for this scrutiny meant strengthening compliance departments to meet the challenge.

In Europe, regulators are rolling out money laundering guidelines on cryptocurrency, money mules and trafficking. Financial services companies face profiling and identification challenges as they attempt to meet new regulatory guidelines.

According to Leslie Bailey, vice president, financial crime compliance for LexisNexis Risk Solutions, the survey results indicate that companies should use “a tiered solution approach to financial crime compliance” to “Facilitate a more cost-effective and efficient compliance approach, as well as one that benefits the organization as a whole.”

“Financial institutions should investigate the physical and digital identity attributes of their customers, leveraging data analytics to assess risks and behaviors in real time,” she said.


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Analysis: Do you remember me? With rapid recovery, labor shortage haunts Eastern Europe https://kinoobzor.net/analysis-do-you-remember-me-with-rapid-recovery-labor-shortage-haunts-eastern-europe/ https://kinoobzor.net/analysis-do-you-remember-me-with-rapid-recovery-labor-shortage-haunts-eastern-europe/#respond Tue, 08 Jun 2021 13:32:17 +0000 https://kinoobzor.net/analysis-do-you-remember-me-with-rapid-recovery-labor-shortage-haunts-eastern-europe/

By Krisztina Than and Alan Charlish

BUDAPEST/WARSAW – Central European economies are recovering faster than expected from the coronavirus pandemic and industrial production is increasing, but a chronic shortage of workers before the crisis could be a bottleneck for future growth.

The labor shortage caused by years of emigration to Western Europe and an economic boom in the region is already pushing up wages and inflation, prompting the Hungarian and Czech central banks to signal possible increases interest rates.

As investment and funds from the European Union pour in, companies in manufacturing, information technology and construction are scrambling to attract employees.

Eurostat methodology shows three of the five lowest unemployment rates in the European Union in April, at 3.4% in the Czech Republic, 4.3% in Hungary and 3.1% at the lowest in the EU Poland.

In the same month, inflation rates in these countries were three of the four highest in the EU, led by an annual rate of 5.2% in Hungary and 5.1% in Poland.

“Temporary friction between supply and demand due to the rapid recovery of the national economy, (and) the further tightening of labor market capacities expected in some sectors combined with dynamic wage growth have increased the risks of inflation, ”the National Bank of Hungary said after its May rate. Meet.

The bank signaled a possible 0.6% rate hike on June 22 to control inflation, which would make it the first EU country to enter a tightening cycle.

The Czech economy does not need more support from a loose monetary policy, Central Bank Governor Jiri Rusnok said on May 28, suggesting that a rate hike could be considered at his next policy meeting. June 23.

“Labor shortages and the very hot labor market despite the pandemic are already reflected in inflation, and in Poland this is reflected in the prices of services. They are increasing by around 7% year on year and the pandemic is not slowing it down much, ”said Andrzej Kaminski, economist at Bank Millennium in Warsaw.

“These labor shortages mainly concern industry, especially manufacturing.”

(Graph: Unemployment rates in Central Europe remain low – https://graphics.reuters.com/EASTERN EUROPEECONOMY/LABOR/dgkvlnjxrvb/chart.png)

LABORPRESS

As vaccination spurs recovery – Hungary has vaccinated 54% of its population – production and consumption have jumped, as labor markets tightened from last year, companies and recruiters said .

German Continental Automotive Hungary, which employed around 8,200 people at the end of 2020 at seven production sites, two research centers and a tire warehouse in Hungary, said the recovery started in the third quarter and reported “good situation of customers’ orders at most sites.

Robert Keszte, Country Manager, Hungary, said that for engineers, software / IT experts and technicians in general, there was a visible gap between supply and demand, with regional imbalances in the availability of qualified workers.

“I believe that the most difficult times are still ahead of us. With the reopening and recovery of the economy, the hiring climate for companies is also exploding… I expect a much more difficult situation for the second half of 2021 compared to 2020. ”

“We have based our growth plans on increasing the efficiency and the level of automation in both blue collar and white collar positions,” he added.

Gabor Toldi, Managing Director of the Recruitment Consulting Firm Fault code Solution, said the labor shortage was severe in the manufacturing sector and for white-collar jobs, companies in eastern Hungary importing thousands of workers from Ukraine.

“A skilled worker can earn up to 500,000 gross monthly forints ($ 1,753.09) now, but that still does not compare to salaries of 1 million forints in Germany,” he said, adding that the German economy was still siphoning off workers.

Tomas Ervin Dombrovsky, Labor Market Analyst in the Czech Recruitment Group LMC, which operates the jobs.cz website, said demand for workers in the manufacturing sector had returned to 2019 levels last fall.

Czech job vacancies, according to the employment agency, have increased since November and are close to a pre-pandemic record.

(Graph: Inflation in Central Europe is accelerating – https://graphics.reuters.com/EASTERN EUROPEECONOMY/LABOR/rlgpddxlqpo/chart.png)

SALARIESRISING

Firms under pressure to find workers further raise wages, after years of double-digit wage growth before COVID-19.

Hungarian gross wages jumped 9.2% per year in March, while in the Czech Republic nominal gross wages rose 3.2% in the first quarter. Wages in the business sector in Poland increased by 9.9% year on year in April.

“We are trying to adjust wages to the labor market. We are short of employees and it is very difficult for us to find them, ”said Ryszard Florek, managing director of Polish window manufacturer Fakro, adding that the company hoped to increase its enrollment with up to 100 students during the holidays. summer.

“Previously there were a lot of employees in the market who came from tourism and gastronomy … however, right now it’s opening up there (too).”

Florek said employers would inevitably have to pay more and the question was whether labor costs could be passed on to prices or whether workers could be replaced by machines.

“Companies that still have… great possibilities for automation will certainly do so,” he said.

($ 1 = 285.21 forints)


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The Mighty Ducks: game changers https://kinoobzor.net/the-mighty-ducks-game-changers/ https://kinoobzor.net/the-mighty-ducks-game-changers/#respond Mon, 07 Jun 2021 00:00:00 +0000 https://kinoobzor.net/the-mighty-ducks-game-changers/

The new sports show from Disney Plus, The Mighty Ducks: game changers, recently completed his first season and fans are already crossing their fingers that he is getting a second. Like many Disney + shows, the series builds on the nostalgia of viewers who watched the original. The mighty ducks trilogy, while introducing a new generation to the Duck legacy.

RELATED: The 10 Best Characters In The Mighty Ducks: Game Changers

The 10-episode first season received overwhelmingly positive reviews from fans and critics alike, achieving a Rotton Tomatoes score of 89%. Like the movies, the series revolves around a team of charming and funny underdogs who take on the best in their hometown hockey league. With praise and worship, a second season of The Mighty Ducks: game changers seems like a safe bet, which has led many fans to think about what they want it to look like.

ten The Mighty Ducks really win the state

The Don't Bothers admiring the State Championship trophy

The whole first season of The Mighty Ducks: game changers revolved around the new Don’t Bothers, proving they had what it took to make it to the State Championship and win. And as they got closer, their state championship dreams were cut short when one of their teammates got injured.

If the show sees a second season, fans will be hoping the newly appointed Mighty Ducks can return to State and show the hockey world that an underdog team has what it takes to clinch a victory.

9 More cameos from the originals

The mighty original ducks visiting the Don't Bothers

Given that the series is based on an existing franchise, it’s no surprise that some of the original cast from The mighty ducks trilogy made an appearance in the series. In fact, this episode is one of the best in the new series.

While most of the lead actors reprise their roles for a cameo, there were still some crew members missing, like Kenan Thompson, who played Russ Tyler in the second movie, and of course Joshua Jackson, who played Charlie. Hopefully these two familiar faces will make an appearance next time around.

8 Stéphanie’s children join the ducks

Stephanie, the Mighty Ducks' mum-in-chief

Stephanie is definitely an antagonist for most of the first season. Not only is she the mother of reigning state champions, The Mighty Ducks, but she’s also the patron saint of Alex, who doesn’t always know the sense of limits.

However, at the end of the season, Stephanie returns and even defends the Don’t Bothers when Coach T tries to fuck them. Now realizing Coach T sucks, fans are hopeful that Stephanie will remove her kids from her squad and join Alex and the new Mighty Ducks.

7 Coach Bombay reinstated to be able to coach

Coach Bombay on the ice pond with the team

Coach Bombay has always been the heart and soul of the Mighty Ducks teams, so it was truly a blow to hear that he had given up training. Of course, the decision was made for him after he was kicked out of the NCAA for helping a player.

RELATED: The 5 Best Sports Movie Coaches Of All Time (& The 5 Worst)

His position almost requires him to have to sit down to coach the Don’t Bothers at State, but luckily Alex finds a loophole. Now that the Mighty Ducks are back, fans are hoping Bombay can fix the issue so he can continue coaching the team.

6 The Mighty Ducks are taken seriously

Evan and the rest of the Don't Bothers wearing the old Ducks uniform

The Don’t Bothers spend most of the first season being laughed at by everyone around them – even those who aren’t into hockey. Being a team of underdogs, some of whom can’t even skate, is definitely what makes the team so great.

However, now that they’ve taken down the former Mighty Ducks, fans are hoping people start to take Evan and his team seriously – and all of the Underdogs, for that matter.

5 Sam gets his own script

Sam at the lunch table

With 10 players on the team, it can be easy for some characters to slip into the background. That’s exactly what happened to Don’t Bothers player Sam. While Sam started out as an extremely interesting character, as a teenager who never turns down a challenge, he got lost for the rest of the season.

Fans were disappointed that Sam didn’t get more screen time and are hopeful that he will become a featured character in the second season. After all, there are so many fun things her character could bring to the rink.

4 More team links

The Don't Bothers in a team group

One of the great things about all sports shows and movies is the team bond that comes before and after big games. Since the Don’t Bothers were reunited at the last minute, team bonding has been a big part of the first season. From extra training and school team lunches, to even impromptu sleepovers, it was clear that these kids were not just teammates but also friends.

Fans are hopeful that these bonding moments will continue into the second season. After all, a giant slumber party episode is deserved after Logan expressed his sadness at not being invited to the last one.

3 Tibor and Havel become more important

Czech brothers Tibor & Havel meet Evan at the Ice Palace

One of the most frustrating things about The Mighty Ducks: game changers was the fact that the Don’t Bothers had two characters that they didn’t do anything with. Aware that they needed 10 players to compete, the team recruited Tibor and Havel, two Czech brothers who do not speak English.

RELATED: The Mighty Ducks: 13 Most Memorable Quotes From The Movie Trilogy

Instead of giving them an interesting plot where they learn English from their teammates and become important actors, the series has chosen to ignore them. Fans are hoping to learn more about these two brothers in the second season.

2 The team does not lose sight of its motto “Winning is not everything”

Don't bother skating on the ice pond

At the heart of The Mighty Ducks: game changers and the former Don’t Bothers team is the idea that sport should be fun and not ultra-competitive and the whole personality of a child. This is what makes Don’t Bothers such a fun and awesome team to watch.

The show really stuck to that post this season and even went so far as to fire Alex when she got too competitive towards the end. Now that the team has defeated the Mighty Ducks and taken their name, fans are hoping the new status doesn’t go to their heads.

1 Romantic relationships flourish

Evan & Sofi at the State Championship Party

If it is true that The Mighty Ducks: game changers is a family show that focuses on hockey, that’s not to say romance can’t be found everywhere. In fact, in the first season alone, several characters experience love, such as Evan and Sofi.

Fans are hopeful that the exploration continues with the second season and that they can see their favorite team players experience awkward teenage love for the first time. Plus, fans can’t wait to see if Alex and Coach Bombay’s relationship blossom as there is definitely chemistry there.

NEXT: Disney + ‘s Best Sports Show: Big Shot Vs. The Mighty Ducks: Game Changers

Split Image: Anna Milton looks thoughtful / Lucifer Morningstar sits on a burning couch / Raphael tilts his head


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Lucifer: 5 supernatural angels he can beat (and 5 he cannot)


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ECB, Bank of Canada and the base effect of the peak in the US CPI https://kinoobzor.net/ecb-bank-of-canada-and-the-base-effect-of-the-peak-in-the-us-cpi/ https://kinoobzor.net/ecb-bank-of-canada-and-the-base-effect-of-the-peak-in-the-us-cpi/#respond Sun, 06 Jun 2021 07:30:23 +0000 https://kinoobzor.net/ecb-bank-of-canada-and-the-base-effect-of-the-peak-in-the-us-cpi/

French elections

As the flow of economic information improves, the political challenges intensify. No, this is not the French elections next April. The dismay has been expressed in some quarters that Le Pen is ahead of Macron, but it is more about Sturm und Drang. The election is 10 months away, and the vaccination program and economic reopening should strengthen Macron’s position. More importantly, we’ve seen this before.

Le Pen’s solid base helps it when there are a lot of applicants. In a second round, Le Pen loses. The German elections are closer and we can say with confidence that Merkel’s successor will be elected. The latest polls show that the CDU is back in the lead. The Greens follow closely. The SPD risks being relegated to third place. Predict.Org’s bookmakers and political bettors prefer CDU’s Laschet to Greens’ Baerbock as their next chancellor.

Brexit

Brexit was a particularly British drama, but it also reflected a wider development of economic nationalism on the one hand and the hardening of the EU’s external walls on the other. Switzerland has formally withdrawn from the negotiations to codify its 120 (more or less) bilateral agreements in a single framework. In Bern, it was a victory for the right-wing populist party SVP. Yet this is the tip of the proverbial iceberg. Two years ago, the Swiss stock markets lost the right to serve European investors. Since the middle of last month, Swiss companies have been stockpiling some goods such as medical equipment and industrial machinery due to the trade disruption that has already started.

Norway holds national elections in September. Polls suggest that a government can be forged where a majority no longer wish to be in the European Economic Area (EEA), a free trade agreement (excluding agriculture and fisheries) that brings the European Free Trade Area (Norway, Iceland and Lichtenstein) and the EU together. The center-left coalition could replace the current center-right, but power could ultimately lie with a small party whose support is needed to forge a government, as was the case in Switzerland.

And, let’s not forget, Brexit isn’t completely over either. EU officials are increasingly frustrated by the UK’s refusal to fully implement the Northern Ireland Protocol. British negotiators had enough cord and hanged themselves, some would say. A customs border in the middle of the Irish Sea has been ridiculed by leading Tories, including former Prime Minister May. It’s to Brexit what Dogecoin is to crypto. What started out as a joke has turned into something serious. The Joint Brexit Committee (EU and UK) will meet in the coming days. The Brussels objective is modest: to define a common approach to settle disputes.

Bank of Canada

The day before the ECB meeting on June 10, the Bank of Canada holds its policy development meeting. At the previous meeting on April 21, the BoC was surprisingly hawkish. It announced a slowdown in its bond purchases and predicted that the economic slowdown will be absorbed in H2-22, which opens the door to a rate move. Since the last meeting, the Canadian dollar has led major currencies higher with a gain of around 3.4%. The market anticipated nearly 60bp in tightening by the end of next year. It sounds too aggressive.

The Canadian jobs report is disappointed for the second consecutive month. Ahead of the weekend, Canada announced the cut of 68,000 jobs in May, more than double the median forecast from the Bloomberg survey. It lost 207,000 positions in April. Canada lost nearly 145,000 full-time jobs in April-May. Overall this year, Canada created less than 75,000 jobs. Without going back on its April assessment, the Bank of Canada may point out the uncertainty and variability in reopening the economy and that patience is needed, which could help extend the consolidation / correction phase.

Central banks of emerging markets

A few central banks from emerging markets are meeting (Poland, Russia, Chile and Peru). Apart from Russia, they are grappling with the same thorny problem. Price pressures are mounting and far exceeding key rates, but economies still need support. Peru’s second presidential round will take place on June 6. Since the end of April, the Peruvian sol has fallen by around 1.8%, making it the weakest emerging market currency after the 4.3% drop in the Turkish lira.

Incidentally, Chile is holding elections in November. The Chilean peso has performed only slightly better since late April and is the third weakest emerging market currencies. New measures allowing pension funds to be withdrawn (fourth time) amid concerns over yields and nationalization have disrupted the stock market. The intervention to support the peso limited the reaction in the forex market.

Inflation in Poland is increasing like Hungary and the Czech Republic (4.8% year-on-year, double the rate seen last February), while the key rate is only 10bp. A decision at the June 9 meeting seems unlikely as bond buying continues. Still, the market appears to be aggressive in pricing with a key rate close to 40bp by the end of the year.

The Russian powerhouse meets on June 11. It raised its rates by more than 75bp in total in the last two meetings to bring its key rate to 5.00%. Inflation is on the rise. It stood at 5.5% in April and is expected to move closer to 6% in May. A 25bp rise is expected, and the risk of a 50bp move is greater than the risk of its stability. Despite rising oil prices by more than a third this year, the ruble edged up 2.25% against the dollar. The correlation (over 60 rolling days) of the change in the ruble and the change in the price of Brent oil peaked a year ago at around 0.66. It is close to 0.20 for the last 60 days.

CPI figures

Last but not least, in the coming week, the United States and China will release the May CPI numbers. The US CPI continues to accelerate, but the good news is that the base effect peaked last month. In May 2020, both overall and core measures of the US CPI fell 0.1%. They should be replaced in the 12-month measures by an increase of 0.4% in both. This will bring the year-on-year rate to around 4.7% and 3.5% for the headline rate and the base rate. In 2020, the overall CPI rose 0.5% in June and July. As these declines from year over year pace are likely to level off and maybe even slip a bit. The key rate rose 0.2% last June and 0.5% last July.

We quickly add two caveats. First, the Fed is not targeting the CPI but the PCE deflator. Although officials talk about the base rate, the target applies to the overall rate. Second, Fed officials recognize that temporary and technical factors are driving price pressures and they will look beyond the near-term rise. Words like temporary and even the Fed’s use of the average as a target for the average inflation rate are very slippery and have not been defined. While this allows the Fed maximum flexibility, it is not entirely satisfactory for investors and businesses.

Consumer inflation in China bottomed out late last year, but deflationary pressures were still evident in January and February, as the CPI was still below zero year-on-year. Even though on a month-to-month basis, China’s CPI fell 0.5% and 0.3% in March and April, respectively, the year-over-year pace has accelerated from -0.2% in February to 0.9% in April. Prices are expected to have accelerated at a 1.6% year-on-year pace in May. This would be the highest since last September.

A striking development is that food price inflation has calmed down. In August last year, food prices were up 11.2% year-on-year. Non-food prices increased 0.1%. Fast forward to April, and food prices fell 0.7% year-on-year, while non-food prices rose 1.3%. The inflationary threat does not come from China’s consumer prices, but from its producer prices.

With the sole exception of January 2020, Chinese producer prices fell year on year from mid-2019 to the end of 2020. On the other hand, US producer prices increased by 1.0%. at 2.0% year over year. in H2 19. The deflation of producer prices occurred from April to August of last year. Yet the driver was not so much in China per se as the economic consequence of the Covid-related disruptions and shutdowns.

Some observers fear that the rise in the Chinese PPI could fuel the higher US CPI. It is possible but doubtful. First, Americans, like other high-income countries, spend more on services than on goods. Services are generally not product intensive. Second, the most important components of the CPI are related to health / medical care and housing, which also do not appear to be determined by commodities. Third, even many of the goods that consumers buy tend not to be commodity intensive. This is certainly true for most electronic products (eg, computers, cell phones). What about an auto, you ask. Direct raw material costs are estimated to be approximately $ 3,000.

Indeed, Peter Drucker identified the decoupling of commodity economics from industrial economics as a key feature of modern economics in Foreign Affairs in 1987. He would not be surprised, and we should not, that if Chinese producer prices fall from the middle of 2019, consumer prices in the United States were increasing at a rate of 1.7% to 2.5% year-on-year until the pandemic struck. The yawning gap in China between consumer and producer prices can say a lot about the profit margins of some Chinese companies or the risk of higher consumer inflation. Still, it doesn’t seem to say much about consumer prices in the United States.

This article was written by Marc Chandler, MarctoMarket.


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MEPs call for debate on ‘Amazon’ amid growing concerns over worker safety https://kinoobzor.net/meps-call-for-debate-on-amazon-amid-growing-concerns-over-worker-safety/ https://kinoobzor.net/meps-call-for-debate-on-amazon-amid-growing-concerns-over-worker-safety/#respond Fri, 04 Jun 2021 16:20:05 +0000 https://kinoobzor.net/meps-call-for-debate-on-amazon-amid-growing-concerns-over-worker-safety/

Several MPs have called on Amazon CEO Jeff Bezos to appear before the European Parliament next week “to be held accountable for his highly questionable business model”.

MEPs also ask for a specific debate to be held during the plenary session which begins Monday in Strasbourg.

The demand for Bezos to appear personally, or at least online, before MEPs comes as parliamentarians’ anger grows over his company’s alleged violations of basic working conditions for Amazon staff.

Bezos declined to attend a recent workshop in parliament on workers’ rights, but pressure on him to be questioned by MEPs has gained ground in recent days with new reports on worker safety in the ‘business.

On Thursday, a report said that employees at Amazon’s U.S. warehouses are injured at a higher rate than those performing similar work in warehouses of other companies.

The union-backed safety data study found that Amazon workers suffered 5.9 serious injuries per 100 people, nearly 80% more than the rest of the industry. Study organizers blamed Amazon’s “obsession with speed” as the main cause of the problem.

Separately, a webinar hosted by the S&D group in Parliament heard a study by Professor Alessandro Delfanti of the University of Toronto on Amazon’s work practices. The study expressed “serious concerns” about how Amazon treats its workers.

“The surge in profits recorded by Amazon as a result of the pandemic gives us even more reason to call for a thorough review of the company’s practices. European money and European workers are at stake “Pedro Marques, MEP

Another study, this time commissioned by the GUE / NGL group in the European Parliament, calls into question the company’s record in paying taxes.

Research indicates that Luxembourg subsidiaries of Amazon are reporting massive operating losses due to their non-U.S. Business relationships. This, it is claimed, allows the company to collect “carry-over losses” that it allegedly turns into tax credits in the United States. This, say the authors of the report, means that the company “very likely pays little or no tax at all.”

GUE / NGL co-leader Martin Schirdewan demanded “proactive action” from the EU to “fight tax evasion”.

S&D MEP Pedro Marques said: “It is European lawmakers, not companies, who make the law in the EU. Amazon should keep this in mind when it tramples on workers’ rights. “

He added: “European union leaders representing more than 12 million workers have signed a letter urging the European institutions to open an investigation into potentially illegal Amazon activities against Amazon workers in Europe.

“This means that there is a serious problem and if the management of the company refuses to be held responsible, we want to hear from the man himself. Jeff Bezos is due to appear before the European Parliament.

“The surge in profits recorded by Amazon as a result of the pandemic gives us even more reason to call for a thorough review of the company’s practices. European money and European workers are at stake. “

Last month, the European Court of Justice ruled on appeals against the Commission’s inquiries into tax deals with Amazon and French multinational ENGIE. Commission investigations into the so-called ‘soft deals’ with Luxembourg revealed that the tax arrangements with ENGIE and Luxembourg were in breach of EU state aid rules. The court rejected the Commission’s decision regarding Amazon.

“There are currently no plans for a debate on Amazon, but MEPs hope the issue can still be added to what will be a ‘hybrid’ session in Strasbourg next week. This means MEPs will have the opportunity to attend personally or follow the proceedings online. Any parliamentary staff present should be quarantined upon their return. “

There are currently no plans for a debate on Amazon, but MEPs hope the issue can still be added to what will be a “hybrid” session in Strasbourg next week.

This means that MEPs will be able to attend personally or follow the debates online. Any parliamentary staff present should be quarantined upon their return.

Next week also marks President Joe Biden’s first overseas visit since being elected during his visit to the UK and Belgium. Biden will be in the UK to meet with UK Prime Minister Boris Johnson on June 10 and attend the G7 summit June 11-13 in Cornwall before traveling to Brussels for the NATO summit on June 14.

MEPs, meanwhile, will address a busy agenda in the monthly plenary, including the final approval of the EU’s COVID digital certificate, which aims to facilitate travel within the EU during the pandemic in course and contribute to economic recovery.

Following the forced landing of a Ryanair flight in Minsk and the arrest of a Belarusian journalist, MEPs and EU foreign policy chief Josep Borrell will also debate the EU’s response .

MEPs will also vote on whether the EU should ask the World Trade Organization to waive intellectual property rights for COVID-19 vaccines while, on Tuesday, members will discuss with the Commission and the Council of national stimulus plans submitted so far by EU member states.

On Monday, members will also debate the EU’s new biodiversity strategy 2030 and are expected to call for better protection of the EU’s land and sea areas in a vote.

Later this week, MEPs will ask the Council and Commission for details on plans to apply the new rule of law conditionality rules to protect the EU budget.

On Wednesday, Parliament will vote on a resolution calling for the resolution of the now confirmed conflict of interest of the Czech Prime Minister, while the following day MEPs will also question the Commission on how it intends to ensure equal opportunities in the labor market for people with autism.


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Where can you find information about the company in France? – Company / Commercial law https://kinoobzor.net/where-can-you-find-information-about-the-company-in-france-company-commercial-law/ https://kinoobzor.net/where-can-you-find-information-about-the-company-in-france-company-commercial-law/#respond Fri, 04 Jun 2021 12:14:25 +0000 https://kinoobzor.net/where-can-you-find-information-about-the-company-in-france-company-commercial-law/

France: Where can you find information about the company in France?

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In this article, we will focus on the company information that is publicly available for companies registered in France.

What is the national register of companies in France called?

In France, information on companies is held by different organizations.

Infogreffe holds information on companies registered in the Trade and Companies Register with the Commercial Courts. You can access the Infogreffe site using the following link: https://www.infogreffe.com/

The National Institute of Industrial Property (INPI) holds information on companies registered in the Trade and Companies Register with other jurisdictions (district courts competent in matters of commerce, mixed commercial courts in the departments and territories of ‘overseas). You can access the INPI website via the following link: https://www.inpi.fr/fr

The INPI site is only available in French and is mainly focused on intellectual property, the promotion of innovation and the protection of innovative ideas.

The Infogreffe site provides centralized access to information from the trade and company register. It is available in French and English and is therefore your best starting point for researching information on a French company.

What does Infogreffe cover in France?

Infogreffe was created in 1986 and its mission is to provide Internet access to data concerning companies.

According to the Infogreffe site, the files of more than 3.2 million French companies are available on the Infogreffe site. You can search the Infogreffe site for a company if you know the name of the company or its SIREN number (its identification number).

Infogreffe makes the following information on companies freely available to the general public:

  • Summary sheets for companies, this includes the address of the company’s registered office, the commercial court with which the company is registered, the legal form of the company (see below), when the company has been registered for first time and its registration number. You will also see a summary of the main activities of the company and find out how many official documents have been filed for the company (but to view them you will have to pay a fee);
  • Key company figures, this includes historical data related to turnover, profit / loss and headcount (but you will have to pay a fee to view the annual accounts themselves)
  • Implementation of the follow-up of a named company. You can use Infogreffe to set up a tracker for a company and receive automatic alerts when an event occurs (this can be the filling of annual accounts, the opening of collective proceedings or a modification of the registration in the Register. of Commerce and Companies). You will have to pay a fee if you choose to view or order the documents mentioned in the alert; and
  • Lists of statutes and acts of the company available against payment.

Infogreffe also allows businesses in France to register their business online and updates various formalities guides and downloadable forms and templates.

What other information is available?

Other information, held by Infogreffe, is available against payment of a fee as follows:

  • certificates of incorporation;
  • information on the company’s securities allowing an understanding of the level of indebtedness and the financial health of the company;
  • detailed annual accounts including the balance sheet, income statement, accounts receivable and payable of the company;
  • articles of association and acts of the company;
  • the list, in chronological order, of significant events that have occurred during the life of the company; and
  • information on bankruptcy, judicial liquidation or administrative procedures concerning the company.

What are the different types of companies in France?

The main commercial companies in France have one of the following structures:

  • a SAS is a simplified joint stock company, that is to say a simplified joint stock company generally used by small and medium-sized enterprises;
  • a SARL is a limited liability company, that is, a limited liability company again generally used by small and medium-sized enterprises; and
  • a HER is a public limited company, that is, a classic joint stock company generally used by large companies.

These three structures offer their shareholders limited liability protection up to the amount of their participation.

It is also possible to register a SE(European Company), which means a public limited company registered in accordance with European Union company law. However, this is very rare in France and a current example is Christian Dior.

The content of this article is intended to provide a general guide on the subject. Specialist advice should be sought regarding your particular situation.

POPULAR ARTICLES ON: Company law / French commercial law

Contractual clauses from A to Z – Key terms for your contracts

Lawrence Graham LLP: Business and Technology

Navigating a commercial contract and appreciating its implications, both legal and practical, can be a daunting task. This article provides an overview of key clauses typically found in a standard commercial contract and examines the implications of these clauses for contracting parties.


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MEPs step up pressure on Commission to take action on rule of law violations https://kinoobzor.net/meps-step-up-pressure-on-commission-to-take-action-on-rule-of-law-violations/ https://kinoobzor.net/meps-step-up-pressure-on-commission-to-take-action-on-rule-of-law-violations/#respond Thu, 03 Jun 2021 18:18:10 +0000 https://kinoobzor.net/meps-step-up-pressure-on-commission-to-take-action-on-rule-of-law-violations/

Hungary and Poland are two member states that have consistently found themselves at odds with the EU over alleged rule of law violations in various areas, including the judiciary and press freedom violations.

But MEPs also want similar action taken against the Czech government for its alleged failure to resolve a conflict of interest surrounding its prime minister.

If the clause were triggered, it would lead to the imposition of various sanctions, including the suspension of voting rights and possibly the suspension of EU funding.

The Renew Europe group went further and offered to take legal action against the Commission itself for ‘failing’ to activate the conditionality clause so far.

He tabled a parliamentary resolution, which will be voted on by MEPs at their plenary session in Strasbourg next week, calling for legal action.

Renew Europe is confident that a sufficient number of MEPs will support its request.

A spokesperson said: “Renew Europe is ready to build a majority in Parliament for a resolution to take the Commission to court and we call on other political groups to join us. “

Renew Europe says it is “fed up with constant delaying tactics and buying time,” adding that the rule of law conditionality mechanism has been in effect since January 1 and “needs to be implemented quickly.”

“The situation in a number of member states needs to be examined and action taken without delay,” the group said.

Next week’s vote comes just ahead of the June 22 General Affairs Council meeting to discuss the current situation in Hungary and Poland.

“The Commission is not the only ‘guardian of the Treaties’ and where there are serious threats to European values, Parliament can and must act. More than ever, the Council must urgently assume its responsibility to protect the rule of law and to take action against Hungary ” Gwendoline Delbos-Corfield, Verts / ALE

Renew Europe leader Dacian Cioloș said: “We fought tooth and nail to establish the rule of law conditionality mechanism, which creates a link between respect for the rule of law and funding from the EU.

“Parliament gave the Commission the deadline of 1 June to apply the regulation which has been applicable since 1 January. Now that the deadline has not been met, our group intends to push for the triggering of Article 265 of the Treaties in order to prosecute the Commission for its inaction.

The Romanian MEP added: “The credibility of the EU is at stake. We are committed to the European citizens who now expect us to be consistent. It is urgent to take action.

Her colleague Katalin Cseh, co-rapporteur of the resolution, said: “Renew Europe will not back down until the mechanism has been properly implemented. By delaying its implementation, the Commission is playing into the hands of autocrats like Viktor Orbán who wish to use our historic Stimulus Fund for its own financial gains, supporting the oligarchs and their family members ahead of the 2022 elections. “

She added: “Waiting for the adoption of the guidelines before June 1 was already a generous compromise on the part of Parliament, but even this extended deadline has passed. Therefore, we must hold the Commission accountable for inaction before the European Court of Justice. We have said it loud and clear, and we will say it again: the age of procrastination is over.

MEPs from other groups also criticize the Commission, with French Green MEP Gwendoline Delbos-Corfield, Parliament’s rapporteur for the situation in Hungary, saying: “The Commission is not the only ‘guardian of the treaties’ and when there is has serious threats to European values, Parliament can and must act.

“More than ever, the Council must urgently assume its responsibility to protect the rule of law and to take action against Hungary.

She continued: “The rule of law in Hungary is deteriorating day by day. The Fidesz government’s deliberate strategy to dismantle democracy and undermine fundamental rights affects all citizens and has started to spread to other EU member states. Hungarian and European citizens deserve to know that their rights will be supported and protected by all EU institutions.

Moreover, the Commission has been called on to take action against the Czech government after a recent audit revealed that there had been a conflict of interest involving its Prime Minister, Andrej Babiš.

“We fought tooth and nail to establish the rule of law conditionality mechanism, which creates a link between respect for the rule of law and obtaining European funding… Now that the deadline has passed. not respected, our group intends to push for the triggering of article 265 of the treaties in order to take legal action against the Commission for inaction ”

Dacian Cioloș, leader of Renew Europe

In a draft resolution adopted on Wednesday by 26 votes in favor and none against, the Committee on Budgetary Control called on the Commission to address a conflict of interest alongside reports of Babiš’s influence over the Czech media and the judiciary .

MEPs said they wanted any alleged rule of law violation to be investigated and, if confirmed, the conditionality clause activated.

In a report, MEPs underlined the Czech government’s “lack of initiative” in dealing with the conflict of interest situation and the Czech government’s attempts to legalize Babiš’s conflict of interest.

MEPs also expressed concern over political pressure on the independent Czech media as well as the resignation of the Attorney General, who cited pressure from the Minister of Justice as the reason for his resignation.

MEPs consider it “unacceptable” that Babiš continues to participate in Council negotiations on the EU budget and programs, including negotiations on the common agricultural policy, while continuing to receive agricultural payments from the EU. ‘EU via the companies of the Agrofert group.

German EPP member Monika Hohlmeier said: “It is unacceptable to see how oligarchic structures have developed, consolidated and enriched thanks to Czech European and national funding.

“MEPs cannot, and Member States must not allow people with a clear conflict of interest to decide on the programming and distribution of common agricultural and cohesion funds.

“Billionaires should no longer be able to receive hundreds of millions of EU grants.”


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