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…
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…
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…
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.…
Labour Market Trends to Feel The Impact of Covid-19 and Industry 4.0
The labour market will see significant changes within the next ten years, under the influence of the pandemic and the advent of the fourth industrial revolution. 30% of jobs will…
Inflation Still High at over 3% But Expected To Fall Next Year
Third-quarter inflation was higher than last year, mainly due to increases in holidays, tobacco and spirits. There are, however, signs that it has peaked and when the full economic impact…
New Forecast Sees Continued Decrease in Real Wages
This year, the average gross wage will reach CZK 34,682 (EUR 1,276), and next year CZK 35,006 (EUR 1,288). As the inflation rate is expected to be 3% this year,…
South Moravia Wages Hold Up Better Than Most Regions
Despite regional falls of up to in average monthly wages in the second quarter of 2020, the South Moravian Region managed an increase of The average wage in the region…
Ministry of Labour Proposes To Peg Minimum Wage to At Least Half the Average Wage
The new proposal, to go into effect from 2022, would see the current minimum wage increase by 17% from CZK 14,600 to CZK 17,100, which would benefit around 140,000 people.…
Women Still Earn Over 20% Less Than Men In The Czech Republic
The gender pay gap in the Czech Republic remains over 20% and is one of the highest in the EU. There is a similar picture in South Moravia. Men’s wages…