24Hour Journal: Czechia

Financial Planning for Foreigners: Understanding the Effects of the New Immigration Law in Czechia

Sofia Chesnokova — Wed, 19 Jul 2023 05:30:10 GMT

On July 1, 2023, the Czech Republic government introduced an amendment to the Residence of Foreign Nationals in the Territory of the Czech Republic, aimed at enhancing legal labor migration and aligning with the EU's directive on the blue card for highly qualified workers from third countries.

According to the Ministry of Foreign Affairs, the blue card …

Destination Czech Republic: Your Guide to Successful Relocation

Sofia Chesnokova — Thu, 15 Jun 2023 05:31:00 GMT

Relocating to the Czech Republic offers favorable conditions for foreign investors due to its location, infrastructure, and suppliers. It can be overwhelming as the relocation industry provides many services to help with the move, like visa and immigration help, finding a new home, and learning about the culture and language.

This article compares the re…

RECOMMENDATION: Looking for an on-demand printing service in Prague

Sofia Chesnokova — Thu, 25 May 2023 06:13:46 GMT

Sometimes you may need to print something important, such as a manuscript, thesis, or Ph.D. work, but you may not know where to do so. Have no fear, as we have researched to discover the best options for on-demand printing in Prague, which extends beyond simply printing papers.

During our research, we fully utilized advanced technology by asking Bing Cha…

Comparing Cannabis Economies in Central and Eastern European Countries

Sofia Chesnokova — Thu, 20 Apr 2023 05:40:03 GMT

The code 420 is not only the country code of the Czech Republic but also a code for smoking marijuana, created secretly by a group of Californian teenagers, as explained in Vox. Eventually, 420 was converted into 4/20 as a day for celebration in an American manner, and now weed enthusiasts celebrate it worldwide, including in Central and Eastern Europea…

How Three EU Companies Implement AI in Personal Finance

Sofia Chesnokova — Mon, 17 Apr 2023 06:45:47 GMT

With the appearance of artificial intelligence (AI), the world of personal finance and investing is rapidly changing, adapting to the new reality of managing money. ChatGPT, one of the recent breakthroughs in the AI field, can provide information and guidance on various financial topics such as budgeting, saving, investing, and even retirement planning.

Perfection Kills the Art of Selling

Sofia Chesnokova — Wed, 05 Apr 2023 05:50:48 GMT

The Czech startup scene has thrived over the past few years, fostering the innovation of newly emerging companies that aim to change the future with their phenomenal ideas. In 2022, it was ranked 32nd in the top 1000 startup ecosystems globally and 4th in Eastern Europe, according to StarUp Blink, the world's most comprehensive startup ecosystem map and…

Bank Runs: Sberbank in 2022 and Silicon Valley Bank in 2023

Dennis Wisco — Mon, 27 Mar 2023 05:50:08 GMT

A bank run is an event that occurs when a significant number of bank customers initiate the withdrawal of their deposits at the same time, as fears about the bank's solvency arise, leading to a bank's liquidity crisis, reported Investopedia. In recent years, two notable bank runs have taken place with the difference of a year: one was Sberbank in the Eu…

The Rust Belt Comes to the Czech Republic

Sofia Chesnokova — Wed, 22 Feb 2023 06:32:06 GMT

The "rust belt" is a term used to describe a region of the United States that experienced significant economic decline and population loss in the latter half of the 20th century due to the collapse of the manufacturing industry. However, the Rust Belt phenomenon is not unique to the United States, and similar trends have been observed in other parts of …

Cities in Czech Republic benefiting from the monopoly, Ticketmaster

Sofia Chesnokova — Wed, 01 Feb 2023 12:44:19 GMT

An upcoming US tour of Taylor Swift shakes Ticketmaster off with insane admission costs of up to $22,000. Twenty-six Swift fans and three months later, Ticketmaster finds itself in the hot seat of the US Senate. Let's dive deeper into the drama surrounding the ticket business provider and see which cities in Czech Republic stand to benefit from this mon…

Bank Credit Cards and Non-Bank Credit Cards

Anna Rubešová — Mon, 12 Dec 2022 09:15:56 GMT

Roughly 90% of Czechs own one or more payment cards, classified as debit cards or credit cards. The latest published statistics of the Czech National Bank speak of 1,500,000 credit cards held by Czechs in 2020. However, the use of credit cards in the Czech Republic is decreasing yearly. But why? One reason for their year-over-year decline is the mistake…

GIVING TUESDAY: Give Money, Give Time

Sofia Chesnokova — Mon, 28 Nov 2022 19:20:52 GMT

Giving Tuesday is a charity-inspired movement created to promote generosity and good deeds. Even though Giving Tuesday is relatively new to the Czech Republic, thousands of Czechs are participating in the movement by embracing the best in themselves and making the world a better place full of generosity, honesty, and sincerity.

Let's dive into the histor…

Black Friday Culture in Czechia vs United States

Sofia Chesnokova — Fri, 18 Nov 2022 07:09:01 GMT

Black Friday, known as the start of the Christmas shopping season, has come around the corner, bringing the best deals and promotions to the table and saving money for millions of shoppers around the world.

In 2022, Black Friday is not only dedicated to one particular Friday (November 25). Instead, it is an early bird this season. From the first dates of…

The Macro Headwinds and Tailwinds of Winter Travel

Wed, 09 Nov 2022 14:03:05 GMT

The significant economic downturn and high prices of essential products, including food, are today's reality. The reality where people save money to stay warm this winter, see loved ones on Christmas break and travel during the upcoming holidays. The reality where people cut their spending on leisure and spare time. The reality where expenses become unb…

Prague's Mucha Goes Digital

Sofia Chesnokova — Fri, 28 Oct 2022 14:41:02 GMT

The recent installation, eMotion, devoted to the artworks of Alphonse Mucha, the master of Art Nouveau, and organized by iMucha, presented Mucha's masterpieces from a different angle, in the form of digital art, known as a non-fungible token (NFT).

Digital art offers a marvelous opportunity for art enthusiasts to have their favorite paintings in their w…

The Good. The Bad. The Lack of Financial Literacy.

Anna Rubešová — Tue, 26 Jul 2022 05:45:12 GMT

“I thought learning about finances isn’t as important as for example, languages or mathematics.”

Many young adults would agree that in the Czech Republic, the educational system does not prepare students to handle the basic financial skills they will need in real life.

During my school years, I learned many useful things for my future, but one area that w…

How Foreigners Become Successful in Czech Republic

Dennis Wisco — Thu, 16 Jun 2022 09:28:15 GMT

Andrea Tkačuková is the Co-Founder and CEO of Foreigners.cz, a full service agency for expats moving to the Czech Republic. She didn’t intend to pursue travel relocation services but her company has now been in business for 13 years, satisfied more than 17,000 clients, has access to 14,000 apartments, and she manages a staff of 38 professionals across 6…

Top Reasons Why Women Don’t Invest

Anna Rubešová — Wed, 15 Jun 2022 06:19:11 GMT

When it comes to women and investing, there is a mystery of why women are less likely to invest in the stock market than men. Today, women are more independent, earn good money and have access to all kinds of services, information, and education like never in the past, yet very often stick to cash savings.

So, what are the top reasons why women don´t inv…

Attacking Substance or Credibility (Part 2 of 2)

Dennis Wisco — Mon, 30 May 2022 03:31:16 GMT

In Part 2 of Attacking Substance or Credibility, we review the comments that attack the credibility of our 24Hour Journal Creator and 24Hour Investing Instructor/Advisor, Anna Rubešová. If you haven’t already, read Part 1 to understand attacking substance of the content.

Before we review the comments, let me answer the question of why. Why are we reviewi…

Attacking Substance or Credibility (Part 1 of 2)

Dennis Wisco — Mon, 30 May 2022 03:31:09 GMT

There are no shortage of haters, especially online, that have every intention of knocking you down so that they get lifted up…or at least feel like they get lifted up. Haters come in subtle ways where they attack the substance of the content, and in more vulgar ways where they attack the credibility of a person.

In Part 1, I want to share a breakdown of …

A Hopeful Outcome from Europe Day 2022

Dennis Wisco — Sun, 08 May 2022 05:02:52 GMT

Europe Day 2022 teaches future generations about what is being done to make Europe safe, greener, healthier, and more digital. There are a host of in-person and online events occurring over three days beginning on Saturday, May 7. The final day, Monday, May 9th, marks the founding of the European Union back in 1950.

The European Union comprises of severa…