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…
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.…
Employees One Step Closer To Receiving Higher Disposable Income in 2021
The Czech Chamber of Deputies has passed a bill to abolish the super-gross wage in the Czech Republic, meaning employees are one step closer to receiving higher disposable income from…
Possible Further Relaxation of Anti-Epidemic Measures to be Decided on Sunday
According to Health Minister Jan Blatný, there is only a 50-50 possibility that anti-coronavirus measures in the Czech Republic will be further relaxed from next Monday. According to the PES…
63 Senators Submit Constitutional Complaint About “Discriminatory Restrictions” on Retail
The senators are challenging government restrictions on retail at the Constitutional Court. In their submission, they complain that small shops have had to close, unlike larger shops such as supermarkets.…
Research and Development On The Rise in Czech Republic
Confirming a trend from the previous two years, a significant increase in research and development (R&D) expenditure was recorded in the Czech Republic in the last year. In 2019, spending…
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…