World Bank Publishes a Study on Countries Where Achieving the “American Dream” Is Simpler than in the US, Czech Republic Ranks 12th Worldwide
Analyzing the intergenerational educational and economic mobility a 2018 World Bank (WB) report entitled “Fair Progress? Economic Mobility across Generations Around the World” shows that the “American dream,” a concept…
Average Wage Exceeded CZK 34,000 for the First Time, 2/3 of Population Earns Less
Wage growth has been steadily rising in the Czech Republic. This trend has not come to an end with the cooling of the economy. Between April and June 2019, the…
Big Shake Up in Fizzy Drinks
The final stage of a reorganisation in the mineral water and soft drinks market has taken place. It involves most of the major brands on the Czech market. Last year…
Czech Republic Leading The Way In Digital Taxation
Google, Facebook and Amazon are under attack from European governments. After the introduction of GDPR (General Data Protection Regulations), attention has been focused on the digital giant’s tax situations. This…
7 Out Of 10 Czech Companies Tired of ‘Stravenky’ Lunch Voucher Red Tape. Ministry Proposes Alternative
Seven out of ten companies across all sectors and company sizes agree with introducing fixed payments for meals, an alternative to the long-standing Czech working benefit of paper lunch vouchers…
The Employment Situation In The Czech Republic: How Does It Compare To The Rest Of The EU?
The Czech Republic ranked third in Europe when it comes to levels of employment () according to the Czech Statistical Office’s (CZSO) EU wide analysis of employment patterns for the…
Are You Being Paid Enough? Some Sectors Have Been Seeing Big Increases in South Moravia
In the 3 years from 2015 to 2018 wages in the South Moravian region have risen by 20%; all the evidence shows this trend continuing. The movement is being driven…
‘People and Money’: An Exhibition at The Czech National Bank in Brno
Do you ever wonder about the origin of the money in your pocket? The Czech National Bank is running two long-term exhibitions in Brno about the fascinating history of the…
Inflation Slows but Remains Close to the ČNB Upper Limit
In figures released by the Czech National Bank, inflation in June exceeds forecasts and shows significant increases in food and housing. The year-on-year increase was , which is still significantly…
Czech Republic Has Second Fastest Growing Property Prices in EU
According to the newest Eurostat data regarding the first quarter of 2019, Czech Republic has the second fastest growing property prices after Hungary. Last year, property prices in Czechia were…