Pensioners will retroactively lose their allowances, the Invalid House is about to change

• Retired people will retroactively lose state contributions to supplementary pension insurance
• A stormy development awaits the invalid’s home. Developers, preservationists and theater people will build
• Used electric cars, including Teslas and Enyaqs, are rapidly losing value. Sales continue even after discounts

Check out the important economic news we’ve covered this week.

Retired people will retroactively lose state contributions to supplementary pension insurance

Hundreds of thousands of people on retirement with supplementary pension insurance are waiting for an intervention in their financial plans. According to the Association of Pension Companies, as of July, as part of the amendment to the Act for the Development of the Capital Market, they will lose their right to state contributions to monthly deposits. Those who do not complete the lowest possible savings period by the middle of next year and stop saving money will also lose the bonus. The Ministry of Finance refers to the opinions of experts who originally proposed an even tougher procedure. The changes to the paragraphs have already been approved by the Chamber of Deputies, and will now be considered by the Senate.

A stormy development awaits the invalid’s home. Developers, preservationists and theater people will build

Olympic Hotel. This is perhaps the only thing that the people of Prague think of when they have to describe the area of ​​the Karlín Invalidovna. The not very attractive area between the flourishing part of Karlín and the somewhat less flourishing Palmovka does not exactly attract crowds of visitors these days. Massive building development by private individuals, the state and the city could change this within a few years. Hundreds of new apartments, offices, schools and a new cultural center are to be built here in the historic building of the Invalidovna, after which the entire area is named today.

Used electric cars, including Teslas and Enyaqs, are rapidly losing value. Sales continue even after discounts

Everyone who bought a new purely electric car in the last five years has to put up with a very rapid drop in value. As it turns out, the market has largely become saturated and the demand for used e-cars, of which there are more and more available, has waned considerably. The findings resulting from a global study by the analytical company iSeeCars are also confirmed on the Czech market. For example, those who bought a Skoda Enyaq in 2021 and are now selling it have to put up with a price drop of almost half. Used electric cars of most brands can be purchased tens of percent cheaper than before, even compared to last year.

Higher fines for hardcore cartels. The Antimonopoly Office will mainly target the big fish

The Antimonopoly Office is changing its strategy to combat trade cartels. It is also related to Europe’s pressure to make the EU’s internal market work better. In short: the Office of the President Petr Mlsna will target the big fish far more and, on the contrary, will deal with minor offenses without sanctions or even without administrative proceedings. The result should be fewer cases on the inspectors’ desks, but a larger amount of collected fines.

Lost numbers: The Blanica knights of pension savings have come off the mountain

The law on employee shares misses the reality of startups, young companies will not use it, says the investor

If you want to help Czech young and promising companies, simplify the introduction of employee shares. Politicians have heard this phrase from people in the startup world for years. But the amendment to the law, which responded to the request and was approved by the deputies this November, is a disappointment for startupists. “Although the politicians’ intentions were probably good, the resulting form of the proposal will not be usable for startups,” Milan Lupač, partner of the Presto Ventures investment fund, summarizes the attitude of part of the community.

Bullying the flip side of investment. The CNB deleted the list of non-transparent funds

A company with five hundred crown capital, which can have up to half a billion crowns from small investors under its thumb. All this without any regulation or supervision. An untraceable owner can then be a bonus. This is how a practically invisible part of the investment market infamously known as “fifteen funds” operates in the Czech Republic. Their ranks were at least partially ventilated in November by the Czech National Bank. From the list of administrators of these quasi-funds, which manage billions of assets in the country at will, it deleted fifteen companies that ignored even their only legal obligation. Namely, to send a brief report to the CNB once a year. This is the second more massive “thinning” of gray funds on the market in the last year.

Electricity will become more expensive by tens of percent, carriers fear. They therefore buy more efficient trains

Railway carriers expect that traction electricity, which the Railway Administration buys for them, will become considerably more expensive. As a mere increase in transport prices would not be enough to cover tens of percent more expensive energy, carriers are partly accelerating the purchase of more modern trains. And those that not only have more efficient operation, but also the ability to produce electricity through recuperation and return it to the grid.