Czech Economy Shrank By A Record 5.6% In 2020
In 2020, GDP per capita decreased in almost all countries due to the effects of the coronavirus pandemic. According to the Czech Ministry of Finance’s Macroeconomic Forecast, the Czech economy…
Inflation Rises To 2.3%, But Basic Goods And Services Are Cheaper Than Last Year
In March 2021, the inflation rate rose to year-on-year, and from the previous month. The growth was mainly due to the increase in fuel prices, while essential goods and services…
Number of New Czech Trade Licences Drops 11% In First Quarter of 2021
In the first three months of this year, the number of new trade licences issued in the Czech Republic decreased by 11% compared to 2020. Meanwhile, the number of licences…
Global Food Prices Reach Highest Level Since June 2014
March 2021 saw global food commodity prices rise for the 10th consecutive month. The FAO Food Price index, which monitors monthly changes in the global prices of commonly-traded food commodities,…
Average Wages In The Czech Republic Increase By 3.8%
According to new data from the Czech Statistical Office (CZSO), the average gross wage in the Czech Republic rose to CZK 38,525 in the last quarter of 2020. The highest…
Fear of Coronavirus Making Way For Fears About Economic Impact
The Czech population is gradually becoming less afraid of the coronavirus, but nearly half of those surveyed reported concerns over the consequences of the pandemic on the domestic economy. After…
Czech GDP Fell 5.6 Percent in 2020, Deficit at CZK 33 Billion
According to the Ministry of Finance, the state budget deficit in January stood at CZK billion, with GDP having fallen by in 2020. Economists expect a gradual return to profit…
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…
The Bright Side: Positive Economic Trends In The Czech Republic
Longer life expectancy, steadily increasing GDP, equal distribution of wages. The Czech economy is not doing as badly as you might imagine, according to statistics. Here, Brno Daily presents some…