Wages continue to rise in Czech Republic

The upward trend in Czech salaries continued in 2017. The median wage increased by approximately 9% compared to the same period the previous year. Photo Credit: Pexels According the latest data released by the Czech Statistical Office on 9/3/2018, the growth in nominal average wages in 2017 was 8% compared to the previous year’s average salary.

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Czexit: How businesses see it

Nearly 40% of Czech people hold a negative view of the EU (2017). Many foreign and Czech companies based in the country are concerned about the possibility of Czexit actually taking place. Photo credit: Pixabay  By Anastasia Alexandridou A March survey of 150 companies commissioned by The German-Czech Chamber of Industry and Commerce (DTIHK) showed

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Czech pensions to rise

by Anastasia Alexandridou Prime Minister Andrej Babiš’s government announced a change in the composition of pensions earlier this month, according to Jan Velinger, correspondent at Radio Praha. “The Czech pension scheme has two components: a fixed sum pension and an earnings-related part. The flat-rate fixed sum part provides all entitled citizens with a basic pension.

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Czech economic power without Prague

Economic power and wealth of countries are frequently associated with their capitals. Take a look at how European countries would be doing without their beautiful capitals and discover why some researchers call Berlin “sexy, but relatively poor”. By Anastasia Alexandridou The Cologne Institute for Economic Research (IW) has published the percentages of the national per capita

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