December Inflation Rate Hits 3.2%-well Above CNB Target
At first look, the latest inflation report from the Czech Statistical Office (CSU) does not make comfortable reading. Higher prices for potatoes (), pork () and household utilities (particularly electricity)…
Q3 2019: Czech Unemployment Lowest in Europe But For How Much Longer?
unemployment and 337,000 vacancies mean that the Czech Republic maintains almost full employment. The only changes being the continuing demographic shift in the workforce and indications of a downturn in…
Almost 1 in 10 Brno Workers Are Employed In Service And Innovation Centres. More Growth Planned
22,000 people in Brno are employed in Service and innovation centres; this represents nearly 1 in 10 of economically active citizens in the city. It also makes up 25% of…
CREDIT MATTERS VIII DISCOVER DNA 2.5 International Conference in Brno
‘Being paid is as much a part of the relationship as supplying the goods or service’ ‘CREDIT MATTERS VIII DISCOVER DNA ’ was the title of a major international conference…
New Amendment Could Mean Ban On Discounts In Czech Supermarkets
The Czech Ministry of Agriculture has introduced an amendment to the Significant Market Power Act that includes regulations covering “extraordinary sales events”. Tomáš Prouza, President of the Czech Confederation of…
COFACE Country Risk Conference In Brno Warns of Risk of Economic Downturn
Many businesses and households expect their economic situation to get worse in the coming year. The COFACE survey, which was carried out in preparation for their Brno conference, showed 50% of…
Central Europe’s Biggest Order to Cash Conference Comes to Brno
The Association of Credit for Central and Eastern Europe's 8th annual conference returns to Brno for the first time since 2014 yet again attracting Shared Service Centers to attend. Photo: Courtesy of…
World Bank Publishes a Study on Countries Where Achieving the “American Dream” Is Simpler than in the US, Czech Republic Ranks 12th Worldwide
Analyzing the intergenerational educational and economic mobility a 2018 World Bank (WB) report entitled “Fair Progress? Economic Mobility across Generations Around the World” shows that the “American dream,” a concept…
Average Wage Exceeded CZK 34,000 for the First Time, 2/3 of Population Earns Less
Wage growth has been steadily rising in the Czech Republic. This trend has not come to an end with the cooling of the economy. Between April and June 2019, the…
Brno Is Home to 25,000 Foreigners (excepting Slovaks) and the Number Keeps Growing
Over than 25,000 foreigners from 143 countries of the world (excluding Slovaks) with permanent and temporary residency status live in Brno. The authors of the report recently published on agree…