Average Czech wage takes a hit with 6.7 percent real-term decline
Prices again rose faster than wages, meaning that people have effectively seen a drop in their purchasing power.
US firm acquires majority stake in Czech optics company for EUR 700 million
The US-based Carlyle Group has made previous acquisitions in Czechia as it looks to expand its portfolio.
Czechia helped pave the way for upcoming EU negotiations on AI regulation
The position adopted under the Czech EU presidency laid the groundwork for upcoming discussions over innovation and privacy.
Calling multilingual job candidates in Czechia: Upskilling can unlock a new career
The Czech Association of Business Service Leaders supports training and education that helps bridge the growing skills gap.
Czech economy faces first-quarter decline as household consumption slows
The Czech economy is in a technical recession due to lower household spending, although analysts say improvement is on the horizon.
Škoda Auto to avoid layoffs as Euro 7 postponement likely
The starting date for the EU's stricter emission standards will likely be delayed, as eight countries oppose the current plan.
Czech cigarette excise tax should be higher, expert says
Speaking ahead of World No Tobacco Day, Hana Ross criticized tobacco's widespread availability and insufficient taxation.
7 trends in IT that could transform the Czech workplace
A new report from Manpower shows how companies are realizing the enormous benefits of digital technology.
English
(Proficient)
QR code payments gaining traction among tech-savvy young Czechs
Paying by mobile phone and using a fingerprint are also popular, and interest in multi-currency accounts is growing.
Czechia pays out CZK 48 million in Covid compensation bonuses
The Supreme Audit Office says the program helped to mitigate the effects of government restrictions but some people abused the system with bogus claims..
Bleeding injustice: Period products remain in the highest tax category in Czechia
May 28 is Menstrual Hygiene Day around the world. In Czechia, the 'tampon tax' is still among the highest in Europe, despite the recent tax reform.
Czech PM: Adoption of the euro is off the table
A currently bleak financial situation in Czechia means that the country is far from ready to join the eurozone.
ČEZ board members get hefty bonuses, record dividend planned
The outlook for 2023 is not as rosy due to higher taxes on windfall profits and a pending law affecting minority shareholders.
Czechia hoping for big role in Europe’s ‘nuclear renaissance’
A growing group of European countries hope expanding nuclear power would reduce reliance on fossil fuels from Russia.
Over half of Czechs agree with government's fiscal reform, but many still critical
Young people were more likely to support the austerity package, but many said the government acted too late.
A hard stance on soft drinks: Companies protest against government's tax-rise decision
The VAT rate for non-alcoholic beverages – including mineral water – will rise from 15 to 21 percent.
The Czech government's austerity package: How will it affect you?
From a change to VAT rates to a rise in several taxes, here are the most important points from Thursday's huge fiscal reform plans.
