House Prices Up almost 8% in the Czech Republic, Compared to 5% in the EU
House prices are up in most EU countries, according to new data from Eurostat. In the second quarter of 2020 house prices rose by in the EU compared to the…
Subsidies Announced to Support Self-Employed and Small Businesses During State Of Emergency
Small business owners and sole traders whose businesses have been directly affected by the coronavirus will receive CZK 500 per day from the state. A further CZK 400 per day…
In Brief: Huawei Fails To Win Tender To Build 5G Networks in The Czech Republic
CETIN will build the fifth generation of towers in the Czech Republic in exclusive collaboration with Ericsson. The Chinese company Huawei, although the largest global supplier of this technology, did…
Avast To Offer Employees Permanent Home Office
The antivirus giant took the lead in switching to home office in March, and now they are planning to offer this arrangement permanently for those employees who are interested. Photo…
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…
New Sustainable Hall For Drinks and Packages Opens at Brno Airport
The tenants are logistics companies Coca-Cola HBC and Zásilkovna, who are already operating in their new hub. The new hall, which was ceremoniously opened on Thursday, covers around 9,500 m2,…
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…
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 However, once government support is withdrawn and the full impact…
Brno Airport Records 84% Drop In Passenger Numbers in First Half of 2020
The drop in passenger numbers is just one of several problems facing the airport, with longer-term decline in business anticipated, substantial losses forecast, and disruption to expansion plans and negotiations…