Confidence Among Entrepreneurs in the Future of Czech Economy Down Slightly; Consumer Confidence Remains Unchanged

Czech Statistical Office (CZSO) Business Confidence Survey for January 2019: Across the sectors surveyed, the results were mixed, with some indicators showing decreases and others remaining unchanged. Title image: Pixabay. Prague, Jan 30 (JS) – On one hand, the consumer confidence index is unchanged from December, though on certain indicators, such as concern about unemployment,

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Another Increase in the Czech Minimum Wage; Labor Minister Maláčová is Preparing Legislation that Guarantees an Automatic Increase every January

The Czech government has approved a rise in the minimum wage of CZK 1,150 from January 2019. Minister of Labour and Social Affairs Jana Maláčová is also proposing new legislation that should guarantee an automatic increase every January based on developments in the gross average wage. Photo credit: Pexels. Prepared by Eda Yildiz The minimum wage

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Economy forecasts: job market to continue overheating

“Most of the downside risks for the Czech economy are associated with tightness in the labour market,” reads the spring economic forecast of the European Commission. Prepared by Berk Büyükbalcı The International Monetary Fund (IMF) announced the revision of its economic growth predictions for the Czech Republic in April. The IMF has announced a more positive

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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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