Quarter of Czechs Will Visit Shopping Centers Less After the Pandemic
Around one quarter of Czechs are planning to visit malls less after the pandemic, and spend less when they do visit. This is primarily because the majority of Czechs have…
In Four Years, 25 Startups Have Been Incubated at ESA BIC Czech Republic
The Czech Republic is gradually becoming something of a “centre for space ideas”, thanks to the business incubating power of the two European Space Agency business incubation centres (ESA BICs)…
Women Still Earn Over 20% Less Than Men In The Czech Republic
The gender pay gap in the Czech Republic remains over 20% and is one of the highest in the EU. There is a similar picture in South Moravia. Men’s wages…
Randstad Has Named Škoda as Most Attractive Employer in the Czech Republic Again
Personnel consulting agency Randstad has awarded Škoda with the title of most attractive employer in the Czech Republic. It is the second year in a row that Škoda has won…
Prague Is Most Expensive Visegrad Capital For Expats
According to a survey that ranks cities according to the cost of living for expatriates, Prague is the most expensive city to live in out of the four Visegrad capitals.…
Average Czech Wage Exceeds CZK 34,000 For the First Time, Will Probably Fall After Pandemic
According to data collected in the beginning of the year, the average Czech wage increased by 5% compared with last year, to over CZK 34,000 per month. However, this figure…
Agrofert Group Profits Tripled Last Year; Revenue Rose By CZK 4.54 Billion
After a steep fall in profits in 2018, Agrofert Group rebounded strongly last year, with profits tripling from CZK billion to CZK billion, similar to the profit margin seen previously…
Tobacco Tax Increase and Cash Alternative to Food Vouchers Included in 2021 Tax Proposals
The Czech Ministry of Finance has proposed a package of tax changes for 2021, including increases on cigarette and tobacco duty, an alternative scheme to the widely used “stravenky” (food…
Governments Announces Reductions to Road Tax and VAT on Accommodation and Event Admission
On Monday, the government adopted a tax package that will reduce VAT (value added tax, also known as sales tax) from 15 to 10% on accommodation services and admission to…
GDP Forecast To Fall 11% Or 3.1% This Year. It Depends Who You Ask.
A survey of 13 top economic institutions conducted by the Ministry of Finance shows the economy is expected to rebound next year with a growth forecast for 2021 of This…