Eurostat figures show the EU average for inflation in August was 0.4%, whereas the Czech inflation was 3.4%. It has been above the EU average since January 2019 and the gap has been steadily widening since then. Analysts, however, expect inflation to fall below 3% next year due to the economic fallout from coronavirus. Photo:
The unemployment rate in the Czech Republic stood at 2.8% in August, according to new figures from the Czech Statistical Office. This is an increase of almost 1% from the beginning of 2020. However, compared to other EU Member States, the Czech unemployment rate is still the lowest. Written by Kimberley Bingel, edited for Jobspin
This year, the average gross wage will reach CZK 34,682 (EUR 1,276), and next year CZK 35,006 (EUR 1,288). As the inflation rate is expected to be 3% this year, the real decline in wages is forecast at 1.6% in 2020 and 0.9% in 2021. Title photo: CG / Jobspin. Czech Rep., Oct. 2 (JS)
A July research of Public Opinion Research Centre (CVVM) published this Monday showed that nearly 70% of Czech employees are happy with their current job, the most since 2003. Only a small fraction of employees (5%) are dissatisfied with their work today. Title photo: Freepik / For illustrative purposes. Czech Rep., Sep 23 (JS) – Last
Rates of employees working from home have risen sharply due to the coronavirus pandemic. In the Czech Republic, about 35% of the workforce worked from home in the early months of the pandemic according to the research published by the Sazka company. After the first wave, most companies returned at least some of their workers
In the second quarter of 2020 there was a gross monthly wage increase of 0.5% over last year. The Czech Statistical Office (CZSO) also reported that, as prices had increased 3.1%, real wages had seen a drop of 2.5%. The first time this has happened since the end of 2013. The average monthly salary now
A majority of foreign students choose to study in the Czech Republic due to an interest in specific study programmes or universities. More than half of students plan to remain in the country to continue their studies or work after graduating, indicating overall satisfaction. However, a third of students are dissatisfied with the standard of
With the new proposal, the current minimum wage would increase by 17%, from CZK 14,600 to CZK 17,100. The increase would benefit around 140,000 people. The proposed change would come into effect from 2022, according to the Ministry’s plans, but still has to go through consultation and debate. Title photo: Pixabay. Text prepared by Tessa
In a newly-published study, the Czech Republic has been named as the ninth best country for startups to thrive. Although this represents a drop in the rankings from sixth place in 2019, the percentage of adults with tertiary and upper secondary education has increased slightly. Photo: Stock photo / Freepik. Text prepared by Veronica Ugwu,
However you measure it, the gender pay gap in the Czech Republic is disappointingly large and is not getting significantly smaller. On average in 2019 the hour pay earned by women was 21.6% less than that earned by men. Generally, Czechs do not feel confident about challenging this. Photo credit: Freepik / For illustrative purposes.
