Rents in the Czech Republic Are Rising Second Fastest in the EU
The Czech Republic has recorded the second biggest increase in rents in the European Union in recent years, with rents rising by 80% in the past 13 years. In the…
Unemployment Rate in the Czech Republic Up to 2.5% in May, Rising Faster Than EU Average
The unemployment rate in the Czech Republic is at its highest since August 2018, but remains lower than the EU average of Both figures are still relatively low compared to…
Average Czech Wage Exceeds CZK 34,000 For the First Time, Will Probably Fall After Pandemic
According to data collected in the beginning of the year, the average Czech wage increased by 5% compared with last year, to over CZK 34,000 per month. However, this figure…
Agrofert Group Profits Tripled Last Year; Revenue Rose By CZK 4.54 Billion
After a steep fall in profits in 2018, Agrofert Group rebounded strongly last year, with profits tripling from CZK billion to CZK billion, similar to the profit margin seen previously…
Tobacco Tax Increase and Cash Alternative to Food Vouchers Included in 2021 Tax Proposals
The Czech Ministry of Finance has proposed a package of tax changes for 2021, including increases on cigarette and tobacco duty, an alternative scheme to the widely used “stravenky” (food…
GDP Forecast To Fall 11% Or 3.1% This Year. It Depends Who You Ask.
A survey of 13 top economic institutions conducted by the Ministry of Finance shows the economy is expected to rebound next year with a growth forecast for 2021 of This…
Food Prices Rising and It Is Not Just Down to Coronavirus
Previously staple foods like peppers and pork have seen double digit price increases and are in danger of becoming discretionary purchases. Consumers have noticed other significant increases. It is easy…
Report Shows How Much Confidence in the Economy Has Crashed
Figures just issued by the Czech Statistical Office (CSO) show that the combined consumer and business confidence in the economy index fell by points to The figure for Business dropped…
Greener and More Digitized Economy Could Follow Corona Crisis
The corona crisis will continue to impact the global economy even when it is brought under control. According to Mark Harrison, founder of the Association of Credit for Central and Eastern Europe, we are…
Government Announces Further Support for the Self-Employed & SMEs and Plans To Raise Budget Deficit Limit
The cabinet will discuss an extension of the state of emergency at a meeting on Wednesday. The schedule for relaxing the quarantine measures will be tightened or relaxed depending on…