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…
Life After Brexit: What Is Happening Now?
The provisional implementation of the Brexit agreement began on January 1st, 2021, with a lot of unanswered questions for expats, businesses, students, and governments. Brno Daily takes a look at…
Teachers’ Salaries Continue to Rise in Czech Republic
In keeping with the trend of the last few years, teacher’s salaries are continuing to rise in the Czech Republic. In 2019, teachers in regional education earned an average of…
Back on Track? Third Quarter Results Shows Signs of Economic Recovery
Data from the third quarter of 2020 showed some initial signs of economic recovery, mostly due to an easing of measures against the spread of Covid-19 between July and September.…
South Moravian Regional Budget Approved For 2021, With Deficit
The 2021 budget, which South Moravian Governor Jan Grolich called a ‘‘survival game’’, has been approved by the regional assembly. The budget is in deficit, meaning the scheduled expenditure exceeds…
Average Wage and Unemployment Increase in Third Quarter of 2020
In Q3 of 2020, the average wage in the Czech Republic exceeded CZK 35,400, an increase of 5% year-on-year, reported the Czech Statistical Office in ;Photo credit: KB / BD.…