Prague agrees proposals to regulate Airbnb-type services

Competition

Prague City Council has agreed on proposals regulating short-term letting, most often mediated by Airbnb, obliging them to provide data on rented flats, their owners and middlemen, reported the Czech Radio. 

Prague councillors want anyone who arranges short-term accommodation via online platforms to provide relevant information to the Municipal Trades Licensing Office upon request.

A property owner not having registered an appropriate Trade License may be liable to a fine of up to CZK 1 million (some EUR 39,384). For the proposals to become law, Parliament would need to amend certain acts that would, for example, allow municipalities to use data to enforce the payment of residence fees, Czech Radio says.

Czech Economic Sentiment Hits 1-year High Analysis

Czech Economic Sentiment Hits 1-year High

Chinese President to Visit Budapest in May Visits

Chinese President to Visit Budapest in May

Hungarian Gen Z Auto-buyers Prioritize Affordability Automotive

Hungarian Gen Z Auto-buyers Prioritize Affordability

Liz & Chain Rooftop Bar Debuts Sustainable Cocktails Drinks

Liz & Chain Rooftop Bar Debuts Sustainable Cocktails

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.