Czech cash comeback? One in four shoppers told they can't use their cards
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Analysts say that small businesses have made a shift to cash-only payments to avoid tax payments and added fees.
Leader Talks: Novartis’ Bilal Abdus Samad on Prague’s strategic significance
The Head of Novartis’ Corporate Center in Prague discusses the city’s strengths as a business hub and employees’ opportunities for growth.
10 interview tips for landing your dream tech job in Czechia
If you're an IT specialist, your skills may be in high demand, but skills alone aren't enough to ace an interview.
Real wages slump in Czechia for seventh consecutive quarter
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Despite a rise in nominal wages, high extant inflation is behind the decline in average salaries.
Prague beer prices jump in 2023, with further increases expected
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A change in the VAT rate for beer means that you will likely need to pay more for it next year.
Losing value: Difficult times may be ahead for the Czech crown
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The Czech crown weakened in recent months amid a deceleration in inflation and an end to central bank foreign-exchange interventions.
Excessive bureaucracy is costing Czechia: A new plan to cut red tape could help
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The Chamber of Commerce has put forward a plan detailing how to reduce the country's administrative burden and save billions of crowns.
Changes to austerity package increase tax on alcohol and lower it on e-cigarettes
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The adjustments mean that tax advantages of employee benefits stay in place, and that newspapers and magazines will have a lower VAT rate.
Czechia is the second-least affordable country in Europe to purchase property
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According to consulting firm Deloitte, you need 14 gross annual Czech salaries to buy real estate in the Czech capital.
Czech authorities mull taxing foreign companies operating in Czechia
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Under the proposed bill, the state would collect between CZK 4 billion and 6 billion per year by taxing foreign-headquartered firms working in Czechia.
Falling food prices push Czechia's inflation below 9 percent: Which products are cheaper?
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Cheaper production costs and an abnormally high baseline from last summer mean that some foods have decreased in cost.
Czech tech, media, and telecoms sectors most attractive to investors
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Though M&As are currently in decline, a stabler macroeconomic environment and a new tax on company sales in 2024 may cause an uptick in investor activity.
Glitch fixed: Banking identity now available to foreigners in Czechia
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A systemic flaw meant that EU residents were unable to obtain a Bank iD, whereas non-EU citizens could do so.
Bun-believable: Fast-food prices rise sharply in Czechia
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Amid high inflation and rising operational costs, Czechia's three major fast-food chains recently increased prices.
American Express canceling most of its remaining services in Czechia
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The charge card company, mainly used by business travelers, is scaling back its international operations.
Czech lower house passes law tightening conditions for early retirement, slowing pension growth
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The proposed changes will now be read in the Senate before being signed by the president.
News in brief for July 25: Top headlines for Czechia on Tuesday
An update on Czech tourists' evacuation from Greece, Czechia hit by supercell storm, and more top headlines for Tuesday, July 25, 2023.
