Czechia's average wage surges by 7 percent, but declines in real terms
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Despite a sizable increase in nominal wages, rampant inflation seen in much of the past two years has actually devalued salaries.
Brace for winter: Heating prices set to rise in 2024 across Czechia
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The cancellation of state subsidies and increase in value-added tax will cause a double-digit rise in heating prices next year.
EXPLAINED: Czech president signs consolidation package – what’s next?
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The package changes the country’s value-added tax (VAT) system, increases many taxes and cuts a range of subsidies.
Post-communist Czechia: Living standards double, but not everyone feels the gain
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Despite a marked rise in purchasing power and more competitiveness since 1989, a sizable chunk of the population does not see a rise in living standards.
Corporate giants ranked: Czechia’s most valuable billion-crown companies
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The study found that each business in the ranking had a valuation of over CZK 1 billion.
EXPLAINED: How to transfer money via mobile number in Czechia
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A newly launched service offered by the country’s largest banks streamlines the process of transferring money between accounts.
Czechia to welcome more foreign workers from the Balkans, Caucasus
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Due to a shortage of Ukrainian migrant workers, the state is eyeing other countries to fill in the gap in Czechia's labor market – namely in agriculture.
Czechia is the 'sick man of Europe' says analysis in Germany's Die Welt
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The German publication warns of a growth trap, adding that Czechia is the only EU country not to have recovered from the pandemic slump.
New study predicts which jobs in Czechia will be most impacted by AI
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About a third of Czechs believe artificial intelligence will impact their jobs within five years, according to a new Charles University/Ipsos study.
Prague's most notorious exchange office loses license at last
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A court has ruled in favor of the Czech National Bank, saying it is the bank's legal right to revoke the exchange office's license.
Czech companies forming an alliance to push carbon neutrality
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The Alliance for an Emission-Free Future aims to facilitate decarbonization so Czech firms can reduce emissions without losing competitiveness.
Cost of living continues to climb in Czechia as inflation remains high
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Households in Czechia will feel the effects of unrelenting inflation mostly at the supermarket and in utilities costs.
EXPLAINED: What's driving Czechia's economic downturn?
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A mix of factors – from inflation to low household consumption – underpin Czechia’s concerningly deteriorating economy.
Sixty percent of Czech employers plan to raise wages next year
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Amid decelerating inflation, this should mark the first increase in real wages since the middle of 2021.
PM Fiala bets on US chip center to restart Czech economy
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Following a visit to Rožnov pod Radhoštěm today, Prime Minister Petr Fiala said Czechia has significant chances to become a European chip center.
A team of IT experts in Prague is redefining the future of banking
Commerzbank’s Digital Technology Center in Prague demonstrates the importance of innovative technology to modern banking.
Czech VAT changes in brief: Which goods and services will be cheaper in 2024?
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While many products will become more expensive with the country's new value-added-tax changes from next year, some items will see a tax reduction.
