Business
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EC approves Czech aid to companies affected by coronavirus crisis
The European Commission has approved the Czech government’s scheme to help companies affected by the coronavirus outbreak.
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Czech beer industry posts losses of nearly five billion crowns due to Covid-19
The Czech beer industry recorded losses amounting to nearly CZK five billion from March until the end of June as a result of the restrictive measures related to Covid-19.
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Confidence in Czech economy rebounding after sharp fall
Confidence in the Czech economy jumped by 9.5 points month-on-month to 86.7 points in July. Consumers and entrepreneurs displayed most optimism.
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Survey: Covid-19 crisis affected a third of Czech employees, drove wages down
The coronavirus crisis impacted a third of Czechs according to surveys by Grafton Recruitment . About 4 percent of people between the ages of 18 and 65 lost their jobs.
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Study: Czech Republic best country in Europe in which to expand production
Among all the states in the EU, the Czech Republic has the most favorable conditions for the expansion of production, according to an annual report.
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Ministry campaign encourages Czech women to demand pay equality
Women in the Czech Republic earn considerably less than their male counterparts. Now the Ministry of Labour has started a campaign calling on women to demand wage equality.
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Already slowing wage growth likely to be held back further by crisis
The average monthly salary in the Czech Republic reached CZK 34,077 in the first quarter of 2020; five percent year-on-year growth was the weakest seen since 2016.
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Survey: Half of Czechs financially literate but over two-thirds financially responsible
The level of financial literacy of Czechs corresponds to the average of OECD countries and Czechs tend to be financially responsible, a study suggests.
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Despite crisis one in five Czech workers mull switching jobs
Despite the relative economic uncertainty sparked by the coronavirus crisis, Czechs are not necessarily holding on tooth and nail to their jobs, suggests a new study.
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Czechs growing increasingly fond of ‘panelak’ apartments
Czechs are growing increasingly fond of the Communist-era panelaky, or prefabricated panel houses, website Aktualne.cz reports.
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Many Czech breweries still struggling, despite popularity of golden brew
During the coronavirus crisis Czech breweries were forced to dispose of hundreds of thousands of hectolitres of unsold beer and even now the pace of recovery is slow.
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Hospodářské noviny: the surprisingly low unemployment rate may not last long
The decline in economic growth in the Czech Republic is accompanied by a surprising phenomenon – a low unemployment rate; however analysts predict it will not last long.
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