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…
Cigarette Tax Rises By Over 10 Crowns Per Pack As Menthol Cigarettes Are Banned
Since March 1st, smokers will have noticed a steep increase in the price of their cigarettes, though cigarettes distributed before that date at the lower price are still on sale…
Land Registry Office Accuses Start-Up Of Misusing Real Estate Data For New App
The real estate website Reas launched a new application with detailed data on recently sold properties, including the exact sale price. All data was purchased by the parent company Nexter…
Inflation Still Exceeding Bank Forecasts
The latest inflation figures released on Friday show a year on year increase over January 2019 of , the highest it has been for almost 8 years. This is an…
Apartment Prices Keep Rising in Brno
According to the latest data from developer Trikaya, quoted by Archiweb, in 2019, prices of new flats in Brno increased by year-on-year. This is a much less substantial increase than…
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)…
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…
Seminar on Purchasing Property in the Czech Republic by Foreigners
An educational seminar, “Buying and Financing Property in the Czech Republic” will provide insights and information on property in the areas of finance and real ;Photo: Courtesy of Foreigners. “Many foreigners look…
Inflation Slows but Remains Close to the ČNB Upper Limit
In figures released by the Czech National Bank, inflation in June exceeds forecasts and shows significant increases in food and housing. The year-on-year increase was , which is still significantly…
Higher inflation means more expensive pork, cabbage and dumplings
Consumer prices rose by in May compared to April according to the latest figures from the Czech Statistical office. The annual rate is now up from April. Increases were particularly…