Supermarkets pledge to reduce food prices – but will they drop in 2024?
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The drop in the VAT rate for food – from 15 to 12 percent – has raised hopes for a drop in supermarket prices in 2024. However, this may not be a reality.
Czechia navigates pivotal 2024 with elections, tax reform, and nuclear questions ahead
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Elections for one-third of the Senate will serve as a crucial test for political parties leading up to the 2025 general elections.
Euro adoption pros and cons: Czech economists react to the president's speech
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Political analysts and economics shared mixed views on Czech President Petr Pavel's New Year's Day speech which advocated for euro adoption.
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Water and heating prices to increase in Prague next year
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Gas and electricity prices, however, will remain stable, while the cost of public transportation tickets will also remain the same.
EXPLAINED: How Czechia's state budget works – and why the deficit could affect your finances
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Next year’s budget aims to curb spending and increase revenue by ramping up taxes and ending tax concessions. What does this mean for everyday citizens?
Czechia welcomes a BMW icon reborn with fully electric drive
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The new 5 Series Sedan is available in a range of options including fully electric, underlining BMW’s commitment to sustainable premium mobility.
EXPLAINED: What's driving the record-low approval of Czech politics?
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Many accuse the government of not doing enough to tackle the country’s soaring cost of living and criticize the state’s fiscal policies.
Czechia's average wage surges by 7 percent, but declines in real terms
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Despite a sizable increase in nominal wages, rampant inflation seen in much of the past two years has actually devalued salaries.
Brace for winter: Heating prices set to rise in 2024 across Czechia
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The cancellation of state subsidies and increase in value-added tax will cause a double-digit rise in heating prices next year.
EXPLAINED: Czech president signs consolidation package – what’s next?
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The package changes the country’s value-added tax (VAT) system, increases many taxes and cuts a range of subsidies.
Post-communist Czechia: Living standards double, but not everyone feels the gain
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Despite a marked rise in purchasing power and more competitiveness since 1989, a sizable chunk of the population does not see a rise in living standards.
Corporate giants ranked: Czechia’s most valuable billion-crown companies
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The study found that each business in the ranking had a valuation of over CZK 1 billion.
EXPLAINED: How to transfer money via mobile number in Czechia
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A newly launched service offered by the country’s largest banks streamlines the process of transferring money between accounts.
Czechia to welcome more foreign workers from the Balkans, Caucasus
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Due to a shortage of Ukrainian migrant workers, the state is eyeing other countries to fill in the gap in Czechia's labor market – namely in agriculture.
Czechia is the 'sick man of Europe' says analysis in Germany's Die Welt
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The German publication warns of a growth trap, adding that Czechia is the only EU country not to have recovered from the pandemic slump.
New study predicts which jobs in Czechia will be most impacted by AI
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About a third of Czechs believe artificial intelligence will impact their jobs within five years, according to a new Charles University/Ipsos study.
