Czech Brand Loyalty: Sales of Kofola Remain Buoyant Throughout Pandemic
Despite the intensive market constraints throughout 2020 due to the coronavirus pandemic, the Kofola Group’s sales reached CZK billion in 2020, a drop of just from the previous year. The…
Czech E-Commerce Experiences Rapid Growth Due To Coronavirus
The coronavirus pandemic has increased the demand for buying goods online, with turnover from online shopping in the Czech Republic increasing by 18% in 2020. Unsurprisingly, protective masks were the…
Czech GDP Fell 5.6 Percent in 2020, Deficit at CZK 33 Billion
According to the Ministry of Finance, the state budget deficit in January stood at CZK billion, with GDP having fallen by in 2020. Economists expect a gradual return to profit…
Foreigners Are 15% of Czech Workforce, Mostly In Administrative and Support Services
According to the Czech Statistical Office (CZSO), there were approximately 602,500 foreign workers registered in the Czech Republic in 2020, around 15% of the total workforce. The number of foreign…
Income Tax Cuts To Put More Money In The Pockets of Employees From February
From February, most employees will be receiving CZK 1,000 to 3,000 more per month, due to a reform to the calculation of income taxes which abolishes the “super-gross wage”. High…
Parliament Approves Mandatory Minimum Quotas for Czech Food In Shops
Czech stores over 400 square meters will need to stock at least 55% of certain foodstuffs produced in the Czech Republic, beginning from 2022. The aim is to improve the…
The Bright Side: Positive Economic Trends In The Czech Republic
Longer life expectancy, steadily increasing GDP, equal distribution of wages. The Czech economy is not doing as badly as you might imagine, according to statistics. Here, Brno Daily presents some…
Back on Track? Third Quarter Results Shows Signs of Economic Recovery
Data from the third quarter of 2020 showed some initial signs of economic recovery, mostly due to an easing of measures against the spread of Covid-19 between July and September.…
Average Wage and Unemployment Increase in Third Quarter of 2020
In Q3 of 2020, the average wage in the Czech Republic exceeded CZK 35,400, an increase of 5% year-on-year, reported the Czech Statistical Office in ;Photo credit: KB / BD.…
Br(u)no: Job Searching During a State of Emergency
The coronavirus has changed our professional lives in many ways, especially for white-collar Photo credit: Freepik. The coronavirus has changed our professional lives in many ways, especially for white-collar workers…