he master’s thesis is focused on the comparison of real estate markets in the Czech Republic, Slovakia and Austria and theirs trends since 1989. The first chapters are aimed at the general terminology that relates to the issue of real estate markets. Thesis is also aimed at comparision of properties evaluation’s methods in those countries and explains the concept of property in the country’s law. Next chapters are focused on comparision of the residential markets and analyse reachability of housing for residents according to their income as well as mortgage availability. Last chapter discuss about the convenience of investment to residential properties in terms of investment’s return.

This thesis studies the spillover of the financial market uncertainty arising from the United States to three major European stock markets by analyzing the impulse response functions that were estimated using the local projections method. European stock markets are represented by their corresponding in- dices: the DAX 30 index for Germany, the CAC 40 for France, and the FTSE 100 for the United Kingdom. The results prove the existence of uncertainty spillover from the United States into Europe with the negative relationship be- tween the performance of a particular stock market and the uncertainty shock emerging from the US. Additional analysis examines the response to uncer- tainty shock for the two subsamples based on the Lehman Brothers collapse. The results show a possible interesting improvement in the ability to recover from uncertainty shock since the collapse of Lehman Brothers and can serve as a starting point for the further analyses in the field. JEL Classification F12, F21, F23, H25, H71, H87 Keywords Uncertainty, financial market, stock market, United States, Europe Title The US Financial Market Uncertainty and Its Spillover to European Stock Markets

The Employment of the Czech citizens in other member states of the European Union The basic aim of my thesis is to analyze possibilities of Czech citizens seeking job in other member states of European Union. The enlargement of EU in 2004 and 2007 opened borders to labour markets of the old EU countries for citizens of new member states. Czech citizens are able to search for a job in most of the states of EU except of Germany and Austria. In my work I concentrate especially on research of United Kingdom. It is a country that opened the labour market for Czech citizens the day our accession to European Union. My thesis is divided into seven chapters. In the first three chapters I analyze the right of free movement of persons, workers and right of settlement. I concentrate on the development from the historical point of view. I also mention the European legislation related to the free movement right. The fourth chapter explains the migration, and the potential of Czech migrant workers. I also describe the reasons for Czech foreign migration. In the fifth chapter I focus on the employment of Czech citizens in other member states in general. I explain where Czechs are able to work and in which circumstances. In the sixth chapter I would like to explain all the possibilities, restrictions, rights and...

1 ABSTRACT Stock Exchange The contents of the notion "stock exchange" change in time. Factors inducing these changes are intertwined and influence each other. The introduction of modern telecommunication technologies in 1980s brought about a process of change in the notion of "stock exchange". This factor mainly influenced the territorial aspect of said notion. Modern communication technologies allowed for integration of capital markets within Europe. This integration required unification of legislation in EU Member States. The crucial piece of Czech legislation implementing European norms in the area of stock exchange markets is the Act No. 256/2004 Coll. on Business on Capital Market. The greatest influence on the notion of "stock exchange" has had the transposition of the EU MiFID directive into that act in 2008. The changes introduced by this directive have led to vacating tne notion of "stock exchange" in legal terms with the term itself being replaced by "operator of the regulated market". Over the past decade the supervision and regulation on both European and national levels have undergone substantial changes. The changes and innovation in the investment instruments market have called for changes in institutional setting of supervision and regulation. These changes in supervision and regulation have...

5.Abstract Title: Legal aspects of a parallel trade in drugs within the EU Key words: single market, parallel trade, price regulation, pharmaceuticals Parallel trade is one of the most distinctive benefits of the European single market. In a simplified way, parallel trade is legal importing of drug from one country where it is legally marketed into a second country where the marketing authorization holder also markets that product, but without the consent of the marketing authorization holder. Price regulation of medical products makes parallel trade of drugs questionable. Final price for customer is not result of an independent decision of pharmaceutical company but it is given by relevant authority often regarding the spending power of citizens. Wholesalers are taking advantage of these price differences when they are buying cheap drugs in low-price countries and selling them with profit in countries where drug price are higher. In theory this practice should deliver significant saving for patient and national healthcare insurance system in destination countries due to lower price of parallel traded drugs. However many studies show minimum impact on drug price in these countries since wholesalers retain great part of the financial benefits. On the other hand, negatives of parallel trade are evident. Drug...

The thesis deals with the concept of flexicurity and its effects in the termination of the employment contract in the Czech Republic and the Kingdom of Sweden. The main aim of the thesis is to describe and compare both legislations from flexicurity perspective and suggest changes in the czech legislation. Strategy of flexicurity is one of the most discussed topics not only in the field of labour law but also in the field of social security systems and active labour market policies during the past few years. The concept of flexicurity can in a simplified way be characterized as a policy approach that tries to combine the flexibility of labor markets and job security for employees. According to the experts, flexicurity could help solve issues such as globalization or effects of economic crisis and higher unemployment occured due to the crisis. The thesis is composed of five chapters, each of them dealing with different aspect of the concept of flexicurity and its application in the Czech Reoublic and the Kingdom of Sweden. Chapter One defines and explaines the concept of flexicurity as such, followed by examples of succesful European flexicurity models. The chapter concludes with a brief outline of current development of flexicurity at European level. Chapter Two describes the individual components...

1 Abstract Legal issues of transactions with securities and financial derivatives The aim of this thesis is to analyse valid legal regulations concerning securities and financial derivatives, to compare it with regulations valid before recodification of Czech private law as well as to describe operation of the financial market, where transactions with securities and financial derivatives take place, through analysis of capital market regulation and supervision. The thesis is composed of three main chapters. Chapter One is focused on a definition of the financial market and its structure and further examines the capital market as a part of the financial market. Primary attention is concentrated on capital market regulation and supervision from the perspective of international, European and national law. Conclusion of this chapter deals with the main organizer of the regulated market in the Czech Republic, i.e Prague Stock Exchange. Chapter Two concerns the definitions of securities and their classification according to their forms and types. Shares, as one of the most important type of securities, are covered in more detail. This chapter also outlines issuance of securities and describes main contracts concerning securities. This part also includes a dedicated section on investment instruments embracing both...

The diploma thesis The development and the present of economic weekly magazines in Czech republic focuses on the transformation of the print media with weekly periodicity in selected segment. Thesis describes concrete graphic and content changes of Czech economic weekly magazines in the period of six years from 2006 until 2012 and deals with their possition on the Czech media market. The aim of the work is - inter alia - to exemplify the development of sold copies and total readership and describe the causality with fundamental changes in visual style and content of the journals.

The thesis provides an analysis of the possibilities for a foreign enterprise to enter the Chinese market. After the introduction of the Chinese economy and its basic characteristics, the thesis focuses on the analysis of different market entry forms. They are divided into export operations, contractual forms of entry in the form of licensing or franchising, and into the capital entry strategy. For each of these forms the legal regulation is discussed along with the useful tips for businesses. The advantages and potential risks are also highlighted. The final chapter of the thesis focuses on the intellectual property protection in China and its regulation. It affects all businesses, regardless the form they choose. The work is based on the current version of Chinese laws and on the latest commentaries on these regulations. It should serve to all foreign entrepreneurs who decide to start business activities in China and take advantage of the countless opportunities that this country has to offer.

This paper addresses the peculiar topic of western music in post 1968 Czechoslovakia with emphasis on the official music scene. It shows how western music was actually treated in Czechoslovakian society and how the image of western music was shaped within the public discourse , including many significant ambiguities. It also follows various ways (legal and also illegal) in which ordinary people used to obtain foreign music records in the era of late socialism. An analysis of actual impact of western music on Czechoslovak popular music and the role of institutions within that is also present. This paper could thus be considered as a modest contribution to the social and cultural history of socialist dictatorships.