Labour Market Trends to Feel The Impact of Covid-19 and Industry 4.0
The labour market will see significant changes within the next ten years, under the influence of the pandemic and the advent of the fourth industrial revolution. 30% of jobs will…
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…
Inflation Still High at over 3% But Expected To Fall Next Year
Third-quarter inflation was higher than last year, mainly due to increases in holidays, tobacco and spirits. There are, however, signs that it has peaked and when the full economic impact…
Foreign Trade Heavily Affected by Coronavirus Shockwave
The negative impact of the coronavirus pandemic on foreign trade is becoming more evident, with preliminary results on the balance of trade for the first eight months of the year…
City Council Seeks Ways To Save Brno Trade Fairs After Months of Cancelled Events
After months of cancelled events, Brno city councillors are looking for ways for trade fairs to return to the exhibitions grounds. Mayor Markéta Vaňková will discuss the situation with the…
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,…
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.…
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…