Revolut has opened its European bank to customers in Czechia. Czech customers who upgrade to Revolut Bank will now have their deposits protected. Prague, 28 July 2021 Revolut, the global financial platform with more than 16 million customers worldwide, has today operationalised its European specialised banking licence in Czechia. Customers in Czechia who upgrade to Revolut Bank for additional services will now have their deposits protected under the deposit guarantee scheme. Customers in Czechia are now able to upgrade to Revolut Bank for additional services from within the app. The upgrade process will only take customers a mere few minutes. To date, Revolut has attracted more than 300,000 customers in Czechia, and the fast growing fintech is confident that depositContinue Reading

The COVID-19 restrictions have put more cash into the average Czech’s savings account, and subsequently spilled into real estate, Novinky reports. According to new data from Českého statistického úřadu (Czech Statistical Office), household savings grew in 2020 by 217.1 billion crowns. The Czech National Bank can also confirm that the amount of deposits exceeded three trillion crowns, whereas in December of 2019, the bank recorded 2.72 trillion crowns of deposits. “Household consumption was very limited because of the various restrictions, including the mandatory home office and closed businesses. It was absolutely to be expected that, thanks to this stall in consumption, Czechs would increase their savings,” Petr Zámečník, an analyst at EMA data. According to a study done by theContinue Reading

PRAGUE, 15th June 2021 – International real estate consultancy company JLL today announced the appointment of Steffen Walvius as Head of Sustainability Services and ESG, effective 14th June, 2021. In his new role at JLL, Steffen Walvius will help the clients with building on their own sustainability performance. JLL as one of the world’s most ethical companies will thus offer this service as the first provider on the Czech market. With this important step in our strategy we want to confirm our commitment to sustainability, emphasize its importance in this sector and help to shape the future of real estate for a better world. Building sustainability and the real estate ESG landscape is evolving very quickly and the real estateContinue Reading