Czech Real Wages Expected To Fall By Over 8% In 2023
Cyrrus mention two main reasons for the excess of consumer inflation over wage growth: the Russian-Ukrainian war and the Covid-19 pandemic. Photo KB for Brno Daily Czech Rep., Dec 2…
Most Czechs Plan To Spend Less on Christmas Presents, According to Survey
Czechs are most likely to buy cosmetics and books as Christmas gifts this year. Credit: Freepik. Prague, Nov 20 (CTK) - Some 57% of Czechs plan to spend less money…
Average Wage Down By 9.8% In Real Terms In The Czech Republic
Workers in the Czech Republic will be able to buy one-tenth less with the same wages than one year ago. Credit: Freepik. Brno, 5 Sept. (BD) - In the second…
EU’s Sanctions On Russia Hit Three Individuals and 18 Firms in the Czech Republic
European sanctions on Russia also affect the Czech Republic. Photo Credit: JMK Prague, Aug 29 (CTK) - The European sanctions imposed over the Russian invasion of Ukraine have so far…
Škoda’s Profits Drop By One Third In First Six Months of 2022
The decrease in revenues is blamed on rising production costs and reduced availability of raw materials, as well as the Russian invasion of Ukraine. Photo credit: Freepik Czech Republic, 15…
One Quarter of Czech Women Considering Leaving The Labour Market
Such an exodus of women from the productive workforce would significantly weaken the Czech labour market. Credit: Freepik. Brno, Aug. 8 (BD) - Two years of pandemic have changed the…
Eurozone Inflation Continues To Rise, With Energy Prices Up 39.7% Year-On-Year
Eurozone annual inflation is expected to be around , according to Eurostat, the European Union's statistical office. Photo credit: Freepik. Czech Republic, 9 Aug. (BD) - Eurozone annual inflation is…
MUNI Faculty of Economics and Administration Forms Partnership With Atlas Copco Services
Radek Nesleha, CEO of Atlas Copco Services (left) and Jiri Spalek, Dean of ESF MU (right). Photo credit: Masaryk University Brno, August 5 (BD) - Masaryk University’s Faculty of Economics…
Chamber of Deputies Approves Extension of State Deficit To Fund Extra Costs Due To War in Ukraine
The Chamber of Deputies has approved a proposal by Petr Fiala's government to increase the state budget deficit for this year by CZK 50 billion in response to extraordinary financial…
Consumer Confidence In Czech Economy Falls To Lowest Level On Record
The Czech Statistical Office (CZSO) has reported that consumer confidence has been falling for the last five months, and in the first month of the holiday season fell to the…