Business
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Developers: Average new Prague flat costs 14.2 years’ salary
A Prague resident would need to spend 14.2 years’ salary for a medium-size apartment (70 sqm) if having no other expenses, according to a study by property developers.
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Coronavirus crisis sparks fresh minimum wage debate
The coronavirus crisis has sparked new debate about the minimum wage. Unions are pushing for a sizable increase but employers and the opposition have come out against this.
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Prague City Hall and Prague Transport present winning designs for three metro stations on planned D…
Prague City Hall and the Prague Transport Company this week presented the winning designs for three of the eight metro stations on the planned D-line. The works of…
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Czech coalition agrees on lower 5% digital tax aimed at global online giants
The Czech government has agreed to introduce a 5 percent digital tax on the local revenues of internet giants such as Amazon, Google and Facebook. The aim is twofold: to…
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OECD: Czech economy set for fifth sharpest downturn in world in 2020
In the wake of the coronavirus pandemic the economy of the Czech Republic is set for the world’s fifth largest downturn this year, according to a report published by the…
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Czech spa industry facing huge losses due to coronavirus pandemic
Losses to the Czech spa industry caused by the Covid-19 pandemic could reach up to 50 percent, the daily e15 reported on Monday. The return of Czech spa centres to normal…
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Unemployment registration to be streamlined ahead of expected wave of layoffs
The coronavirus crisis could lead to unemployment of up to 10 percent in the Czech Republic, the minister of labour and social affairs, Jana Maláčová, told Monday’s…
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Prague councillors unveil plans for Holešovice Marketplace transformation
Prague City Hall has unveiled plans for the restoration of Prague’s Holešovice Market, the daily e15 reported this week. The historical complex of 19th century buildings…
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Czech economy records biggest Q1 drop since 2010
Czech economic growth slowed by two percent in the first quarter of 2020, compared to the same period last year, according to revised data released by the Czech Statistics…
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Economist Danuše Nerudová: coronavirus crisis has also brought opportunity for ‘smart’ reform
The Czech economy faces a record slump due to the coronavirus pandemic. But economist and university rector Danuše Nerudová believes the crisis also presents an…
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Allianz: Czech pension system world’s 12th most stable
According to a new study by Allianz, based on data from 70 countries, the Czech pension system is relatively stable compared to others. In the first year of the Global…
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Compensation claims over Czech anti-coronavirus measures rise, along with frustration
Claims for damages due to anti-measures coronavirus are beginning to pile up at government ministries. Nearly two dozen entities are demanding a total of 188 million…
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