According to statistics, the Czech economy is not doing as badly as one might think. In fact, current economic data indicates several positive trends including longer life expectancy, steadily increasing GDP and equal distribution of wages. Photo credit: Freepik / Illustrative photo. Prepared by Melis Karabulut, edited for Jobspin. Czech Rep., Jan 12 (JS) –
Figures from a recent report from Eurostat indicate that the rate of employment in European countries declined sharply in the second quarter of this year as compared to the end of 2019. The most affected were young people (aged 15-24) in Slovenia and Ireland. Prepared by Kim Bingel, edited for Jobspin. Czech Rep., Nov 14
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)
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
According to a survey that ranks cities according to the cost of living for expatriates, all four Visegrad capitals have dropped in the rankings compared with 2018, with Bratislava seeing the largest relative decrease. Of the four, Prague is considered the most expensive. Photo: Prague bridges. Credit: ZM / Jobspin. Czech Rep., Jun 11 (JS)
Businesses are expected to take this opportunity to shift their retail operations to the virtual environment and increase automation in their production and logistical processes. This global pandemic is both a reminder and a motivation for all retailers to be agile and innovative. Title photo: via Pexels stock photo database. Czech Rep., Apr 22 (JS)
Many businesses have not been able to access government support. They also fear that recent government plans to ease restrictions will not happen quickly enough to save them. Photo credit: Freepik / For illustrative purposes. Czech Rep., Apr 20 (JS) – The Chamber of Commerce has highlighted the tangle of bureaucracy and lack of clarity
Hourly labour costs in the Czech Republic in 2019 averaged around EUR 13.5. While still below the EU average of EUR 27.7, this represented an increase of 7.5%, compared to an increase of 2.9% across the whole EU. The cost of labour in the Czech Republic was the highest in the Visegrad Group countries. Photo
2019 was a difficult year for the Czech economy and there are plenty of things to encourage the doomsayers: Donald Trump’s trade wars, the coronavirus and Brexit. But what do the economic forecasters tell us? Photo credit: Freepik / stock pictures. Written by Charles du Parc Czech Rep., Feb 24 (JS) – The CNB quarterly
Photo credit: Freepik. CZ, Feb. 19 (JS) – Does checking your finances – especially near the end of the month – always makes you feel a little like weeping? Do you feel that you are working too hard for what you are being paid? Then it is time to take some steps to eliminate these
