'A year of hope is coming': Czech PM delivers Christmas speech
In an address to the nation, Fiala acknowledged the recent economic difficulties faced by Czechia and promised that the worst is behind the country.
EXPLAINED: How Czechia's state budget works – and why the deficit could affect your finances
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Next year’s budget aims to curb spending and increase revenue by ramping up taxes and ending tax concessions. What does this mean for everyday citizens?
Czechia welcomes a BMW icon reborn with fully electric drive
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The new 5 Series Sedan is available in a range of options including fully electric, underlining BMW’s commitment to sustainable premium mobility.
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.
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.
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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.
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.
Business and IT services sectors add 10,000 jobs in Czechia this year
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Leaders in the sector say it is on track to employ 200,000 people by 2025 in fast-growing areas such as cybersecurity, IT support, and data analytics.
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.
