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Oil and gas. Oil and gas deposits in the Czech Republic are in Moravia . Crude oil from Russia comes through the Druzhba pipeline via Ukraine. The Ingolstadt–Kralupy–Litvínov pipeline can bring crude oil from Germany and be connected to the Transalpine Pipeline . The Country has two refineries, owned by Česká rafinérská.
The updated energy strategy of 2019 envisions a gradual phase out of coal power share in total electricity generation from 2015's 46.2% down to 15.5% by 2040. The strategy sees nuclear energy as a non-carbon source of energy to be used during a slow transition to renewables in order to minimize the use of carbon-emitting fossil fuels that cause ...
The Czech tax system consists of direct and indirect taxes. Direct taxes include income tax (both corporate and personal), road tax, real estate and real estate transfer tax, inheritance tax and gift tax. In between indirect taxes belong value added tax (VAT), duties, ecotaxes and excise taxes. [3] Tax revenues come roughly equally from ...
(Bloomberg) -- The Czech government proposed to raise 149 billion koruna ($6 billion) over the next three years by imposing windfall taxes on the biggest companies in selected industries to fund ...
Three energy companies including U.S. Westinghouse, France’s EdF and Korea’s KHNP, have submitted their final bids to build the Czech Republic’s newest reactor at the Dukovany nuclear power ...
In 2012, Czech government increased VAT. Basic VAT was increased from 20% in 2012 to 21% in 2013 and reduced VAT increased from 14% to 15% in 2013. Small enterprises sales decreased by 21% from 2012 to 2013 as result of increasing VAT. [48] Patria.cz predicting sales stagnation and mild increase in 2013. Another problem is foreign trade.
According to Eurostat, renewables share in the Czech Republic in 2009 was 5% of the energy mix in total (Mtoe) and 6% of gross electricity generation (TWh). The energy consumption by fuel included in 2009: 40% coal, petroleum 21%, gas 15%, nuclear 16% and renewables 5%. Most electricity was produced with coal (55%) and nuclear (33%).
ČEZ Group ( Czech: 'Skupina ČEZ'Č eské E nergetické Z ávody) is a conglomerate of 96 companies (including the parent company ČEZ, a.s. ), 72 of them in the Czech Republic. Its core business is the generation, distribution, trade in, and sales of electricity and heat, trade in and sales of natural gas, and coal extraction.