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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Czech Immigration Law Amendment Explained

August 2017 brought changes for foreign nationals in the Czech Republic in terms of residency status and running a business. Employment and Business in the Czech Republic after the New Immigration Act Amendment – Kateřina Lenochová from the biggest Czech relocation agency Foreigners.cz explains (http://www.foreigners.cz/). An applicant for renewal of Employee Card has the opportunity

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Ageing Population and Its Impact on the Czech Economy

It is no secret that with better healthcare and living conditions the population in developed countries is growing older. The main problem of aging population is the unmet demand for qualified workforce, weakening of innovative industries, and loss of economic competitiveness. This eventually decreases the tax revenues and the general economic decline ensues. Despite the

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