Czech National Bank unlikely to exit from EUR/CZK floor The CNB still has no alternatives to regular interventions in the foreign exchange market to support the 27.00 CZK/EUR level. In May the Czech National Bank acquired EUR 575 million for this reason, bringing the total to 12.7 billion EUR considering period from July 2015. Even
Czech workers have experienced drastic changes in a working time throughout the modern history. In 1993 employed Czech people usually worked 43.1 hours a week. In 2015 they worked almost 3 hours less, 40.4 a week in terms of full-time employment. A total scope of overtime work required by the employer may not exceed 8 hours
For those who missed our June workshop uncovering questions of living in Czech Republic as an expat, we will try to briefly summarize most important information on relocation and job searching in Prague provided by the guest lecturers at the event. Workshop consisted of five parts, each one was dedicated to different topics related to
Yellow Buses as Instruments of Political Protest Controversy – the owner of Student Agency lets the popular yellow buses “wear” huge posters with faces of Prime Minister Sobotka and Minister of Inferior Chovanec with their phone numbers encouraging people to call them and tell them what they think about ongoing reform of Czech police. Mr Jancura claimed
In order to figure out how you will approach a new job, an interviewer might ask you literally anything. Here are 5 of the most popular interview questions with examples of the best ways how to face them. Question #1: What can we expect from you in the first 30 days? Best Answer: “Besides managing my
End of small grocery stores in the Czech Republic? The number of grocery stores in the Czech Republic has dropped by 4% since 2013, to 12,294, according to Nielsen consultancy. Small grocery stores with a shopping area less than 400 m2 experienced the biggest drop in numbers. Picture: Pixabay.com. Supermarkets account for 80% of the overall
Population of the Czech Republic amounts to 10 million and the total number of foreigners registered in the territory is 431,215 persons – statistically, every 25th person in the Czech Republic is of a foreign origin. According to Czech media server IDNES (June 2016), the main groups of foreigners working in the Czech Republic are following: Foreigners working in
Changes in Minimum Wage Outlined by Prime Minister Sobotka Plan of Ministry of Labour and Social Affairs envisages a rise from the current figure of CZK 9,900 a month to CZK 11,000 at the start of January. While trade unions would like an increase of CZK 1,500 from the present level, employers say they regard
Minimum wage – good or bad? What is the minimum wage in the Czech Republic and how it compares to other EU countries. According to Tradingeconomics.com, minimum wages in Czech Republic increased to 366.30 EUR/Month in June from 337.58 EUR in the last month of 2015. The minimum wage refers to a gross amount, that is
Are women being paid less than men in the Czech Republic? You have probably heard before about the fact that generally men are being paid more than women. As much as the society is trying to convince us that there is no difference, that is not the case. The gender pay gap really does exist.
