South Moravia Wages Hold Up Better Than Most Regions
Despite regional falls of up to in average monthly wages in the second quarter of 2020, the South Moravian Region managed an increase of The average wage in the region…
Europe’s Exclusive Tech Exec Debate: A World Premiere in O2C Technology
The keynote presentation of Callisto Grand’s ninth annual conference is returning again to Brno, this time ;Get informed about the relationship between working from home (WFH), cyber security and hacking,…
In Brief: Czech GDP Records Worst Ever Slump of 11%
According to new figures from the Czech Statistical Office, the Czech Republic has seen its worst ever drop in GDP. So far in 2020, the Czech economy has contracted by…
Major Czech Airlines Seek Protection From Creditors
Smartwings and Czech Airlines have applied for court protection from their creditors. The government has so far refused to intervene directly, partly because it is unsure whether government money should…
Ministry of Labour Proposes To Peg Minimum Wage to At Least Half the Average Wage
The new proposal, to go into effect from 2022, would see the current minimum wage increase by 17% from CZK 14,600 to CZK 17,100, which would benefit around 140,000 people.…
Czech Republic Ranked Ninth Best Country For Start-Ups in Europe
The study analyzed data from 31 European countries in the European Economic Area (EEA) plus the United Kingdom and Switzerland, and was based on a range of economic data considered…
Budgetary Watchdog Questions Government Figures
The National Fiscal Council (NRR) is casting doubt on whether the plans that the government has announced for changes to pensions and the tax system comply with the budgetary limits. In…
More Prospective House-Buyers Are Becoming Renters As Real Estate Prices Continue to Rise
For years, both rents and real estate prices have been rising quickly and significantly, with rents increasing at a slightly steeper rate. During the volatile first half of 2020, however,…
Unemployment Continues To Be Relatively Low Despite a Record Fall in GDP
Unemployment in June increased slightly to This is against the background of a record drop in GDP for the second quarter. However, once government support is withdrawn and the full impact…
Czech Crown At Its Strongest Against Dollar Since September 2018
As the epidemiological situation in the United States worsens, the crown has grown in strength against the dollar. Today, it recorded the lowest CZK per USD since September 2018. Photo…