Czech Economic and Social Agreement Council Met On Tuesday To Discuss Refugee Crisis and Presidency of the EU
The third meeting of 2022 of the Czech Economic and Social Agreement Council took place on Tuesday, with many topics under discussion including the impact of the Russian aggression in…
Inflation In The Czech Republic Reaches 25-Year High
Inflation in the Czech Republic reached y-o-y in March, the highest level since 1998. The steepest price rises are reported in energy and fuel, but virtually all items in the…
New Research Sheds Light On Economic Impact of Students On Brno
Brno is often described as a student city, and rightly so. There are almost 65,000 young people studying at universities in the city, making up 1 in 6 of the…
Czech Republic Leads in Central and Eastern Europe For Economic and Working Conditions
Companies in the Czech business services sector have continued to prosper during the Covid-19 pandemic, with many expanding and continuously looking for new staff, creating a candidate-driven market. Photo credit:…
Q4 2021 Saw Slight Reduction In Public Debt
The government balance sheet remains in deficit, reported the Czech Statistical Office. Title photo: CG / Brno Daily. Czech Republic, April 7 (BD) - The government balance sheet reached a…
Retail Sales Increased By 8.5% In January Year-on-Year
Month-on-month, sales in retail (excluding motor vehicles) increased by in January, including a increase in fuels, for non-food goods, and a slight decrease for food. Compared to last year, retail…
Average Czech Wage Reached CZK 37,839 In Q4 2021
In the fourth quarter of 2021, the average gross monthly wage in the Czech Republic hit CZK 40,135, an increase of CZK 1,551 () from the same period in 2020.…
The Number Of Foreign Employees Is Rising Again: Foreigners In The Czech Republic Generate About $4 Billion A Year
Despite the pandemic and fears of higher turnover of foreign employees, companies are actively seeking and recruiting foreign workers. The number of foreign employees in the corporate, customer and IT…
Annual Inflation Reached 9.9% In January, The Highest Since 1998
Year-on-year, consumer prices increased by in January, up points from in December. According to the Czech Statistical Office (CZSO), the increase was mainly driven by rises in the price of…
Changes In CZK Exchange Rate Will Help The Czech National Bank Tackle Inflation
In response to price growth well above the inflation target, the Czech National Bank (CNB) has repeatedly moved to raise the base interest rate. The expected result of the restrictive…