Corruption — defined by the international watchdog Transparency International as “the abuse of entrusted power for private gain” — affects many fields of the public environment; consultancy firms have brought these methods to perfection, achieving “tailor-made fully guaranteed risk-free corruption,” writes Supreme Audit Office (NKÚ) vice chairman Miloslav Kala in the first installment of Czech Position’s anti-corruption handbook.

There has been lots of talk about sustainable development, but Czech towns should top waiting for someone to set legal guidelines. The only way it will happen is if towns and their mayors take the initiative. An example from Denmark shows that, in the long run, sustainable projects are cost effective and less taxing on municipal infrastructure.

In four years the price of gold has risen from $600 to $1,400 per ounce. Should you still buy the yellow metal? Bohumil Studýnka, an expert on the commodity, writes that gold isn’t such an astounding investment as it may seem, rather it is a bubble about to burst. So enter the market with both eyes wide open.

Setting up a company costs more money and takes more time, but it also offers more legal protections than working from a trade license. Another advantage is that many businesses prefer to do commerce with other businesses, rather than with individuals.