![How much does CZK 1,000 get you around the world? In some places twice as much](/images/publishing/articles/2021/06/1280_650/hagia-sophia-in-istanbul-turkey-photo-istock-tolga-tezcan-tlbju.webp)
Czech Republic richer than Italy, happier than UK, according to new reports
For the first time in its history, the Czech Republic's GDP per capita by PPS has surpassed Spain and Italy, according to a 2020 IMF report.
Average Czech pension crosses 15,000 crowns per month
The average pension for senior citizens in the Czech Republic crossed 15,000 crowns monthly for the first time in the first quarter of 2021.
Equa bank will end operations on the Czech market following merger
Austrian parent group Raiffeisenbank International says the acquistion would strengthen its digital services.
Czech income tax to be reduced at the start of 2021
Zeman objects to the cut but returned it unsigned, enabling it to take effect.
Ordering gifts online? Better do it now for Christmas delivery
Delivery services have set quotas for e-shop orders as they struggle to meet unprecedented demand.
Handling of pandemic has changed how Czechs feel about the EU
An October survey asked questions ranging from EU policy, to the protection of the environment – and reveled some interesting facts.
Faster, better, cheaper: Fintech is changing the way we transfer money abroad
Czech players in the financial technlogy space are helping to drastically reduce the exchange rate.
Mortgage numbers hit second-most successful month in history, with no sign of stopping
Mortgage rates have fallen for seven straight months in a row - and may dip below 2%.
Czech wage growth drops to .5%, average earnings down 2.5% year-on-year after inflation
Real earnings after inflation were down in the second quarter of 2020 for the first time after seven years of continued growth
Czech government approves one-off 5,000-crown COVID-19 bonus for senior citizens
The bill, criticized by some as a pre-election bribe, still needs to be passed by Czech parliament and signed by the president
Czech Republic GDP down 11% year-on-year, largest drop in country's history
The year-on-year drop in GDP was the largest the Czech Republic has seen since the foundation of the country in 1993
Czech Republic to give one-off COVID-19 payment to senior citizens, says PM
Prime Minister Andrej Babiš would like to give senior citizens in the Czech Republic an extra 5-6,000 crowns before Christmas
The Czech Republic is preparing a plan to drastically cut employees’ income tax rate
Income tax would be calculated on gross wages instead of super-gross wages, the biggest change in over a decade
Czech Republic sees historic drop in GDP due to coronavirus pandemic
The drop in Czech GDP was lower that expected but still the biggest since 1993
Czech mortgages are twice as expensive as in neighboring countries
Interest rates and mortgages have dropped, but still outpace Germany, Austria, and Slovakia
Eurostat: Czech Republic has some of the EU's cheapest alcohol, tobacco, and pubs
The Czech Republic was below the EU average for prices in every category except communications
Czech economy showed its biggest dip in Q1 since the start of 2010
Revised figures for the first three months of 2020 were were an improvement over the initial estimates