Insolvency and misconduct of issuers of corporate bonds in the Czech Republic in the period 2013 to 2023

The basic findings resulting from the analysis of bonds in the Czech Republic issued in the period from 1/1/2013 to 31/12/2023 are as follows: Since 2012, when the Czech National Bank together with the Ministry of Finance of the Czech Republic relaxed the conditions for issuing bonds, the capital market in The Czech Republic saw a large boom in issued corporate bonds. The most significant increase can be observed in so-called sub-limit bonds of up to 1 million euros. In 2023, companies issued bonds in the aggregate amount of CZK 96.2 billion (of which CZK 88.1 billion were over-limit and CZK 8.1 billion under-limit issues), i.e. the most since the beginning of the monitored period (in 2013). In 2023, 1,019 issues of corporate bonds were issued, of which 511 were above the limit and 508 were below the limit. The sharp increase in the number of issues, which continued until 2022 (in which a total of 1,009 issues were issued), thus stopped in 2023.

Another notch for Credo. Americans buy Czech software startup Runecast for almost a billion

The Czech venture capital fund Credo Ventures of the founder Ondřej Bartoš succeeded in selling another technology startup to the hands of a large American company. Dynatrace, a Massachusetts-based software company, acquired the originally Brno-based company Runecast. The companies did not comment on the amount of the transaction, however, according to e15, it is a sum of 37.5 million dollars, roughly 900 million crowns, in the form of cash and shares of Dynatrac. The store should be completed by the end of March.

Long-term investment product and tax support for old-age savings products from 1 January 2024

A natural person (taxpayer) can deduct from the tax base contributions to all tax-supported old-age savings products and tax-supported long-term care insurance up to a total of CZK 48,000 per year. Contributions paid by an employee to a tax-supported old-age savings product or tax-supported long-term care insurance are also exempt from income tax, again up to a total of CZK 50,000 per year.

Nvidia is hunting startups in the Czech Republic as part of the AI explosion. It offers them discounts, investments or sales support

The American chip company Nvidia wants to focus more on supporting technology startups in the Czech Republic. Here, she started promoting the Inception program, in which she offers start-up companies free technology or connections to investors. The company itself also invests in startups.