Small-scale pension reform
President of the Czech Republic Vaclav Klaus did not sign the so-called small-scale pension reform, which would change the reduction limits for calculation of pensions and extend the age limit for old-age retirement as of October 2011. The Chamber of Deputies will vote again on this bill and, if the simple majority of all deputies insist on passing the returned bill, the bill shall come into force.
The amendment responds to a resolution of the Constitutional Court which recognized that pensions paid to people with higher income were too low in comparison with those paid to people with low income and ordered to change the calculation of pensions.
Other articles
KŠB advises Olpran in Bikero insolvency proceedings
Kocián Šolc Balaštík has advised bicycle manufacturer Olpran, a notable player in the Czech cycling market, in the insolvency proceedings of Bikero.
European Commission Proposes Transforming EUSPA into European Union Space Services Agency
On April 7, 2026, the European Commission published a proposal for a regulation establishing the European Union Space Services Agency (EUSSA), amending Regulation (EU) 2021/696. The proposal [COM(2026) 152 final] significantly expands the mandate of the existing EUSPA, headquartered in Prague, and nearly doubles its budget.
