Changes to austerity package increase tax on alcohol and lower it on e-cigarettes
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The adjustments mean that tax advantages of employee benefits stay in place, and that newspapers and magazines will have a lower VAT rate.
Czechia is the second-least affordable country in Europe to purchase property
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According to consulting firm Deloitte, you need 14 gross annual Czech salaries to buy real estate in the Czech capital.
Czech authorities mull taxing foreign companies operating in Czechia
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Under the proposed bill, the state would collect between CZK 4 billion and 6 billion per year by taxing foreign-headquartered firms working in Czechia.
Falling food prices push Czechia's inflation below 9 percent: Which products are cheaper?
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Cheaper production costs and an abnormally high baseline from last summer mean that some foods have decreased in cost.
Czech tech, media, and telecoms sectors most attractive to investors
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Though M&As are currently in decline, a stabler macroeconomic environment and a new tax on company sales in 2024 may cause an uptick in investor activity.
Glitch fixed: Banking identity now available to foreigners in Czechia
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A systemic flaw meant that EU residents were unable to obtain a Bank iD, whereas non-EU citizens could do so.
Bun-believable: Fast-food prices rise sharply in Czechia
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Amid high inflation and rising operational costs, Czechia's three major fast-food chains recently increased prices.
American Express canceling most of its remaining services in Czechia
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The charge card company, mainly used by business travelers, is scaling back its international operations.
Czech lower house passes law tightening conditions for early retirement, slowing pension growth
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The proposed changes will now be read in the Senate before being signed by the president.
News in brief for July 25: Top headlines for Czechia on Tuesday
An update on Czech tourists' evacuation from Greece, Czechia hit by supercell storm, and more top headlines for Tuesday, July 25, 2023.
Czechia ranks 10th in labor productivity growth among OECD countries
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Capital investment and better national infrastructure have spurred Czechia's boost in labor productivity in the last decades.
News in brief for July 20: Top headlines for Czechia on Thursday
Czechia dramatically reduces reliance on Russian gas, Kundera cremated in Paris, and more top stories for July 20, 2023.
Czech government looks to foreign workers to fill 200,000 job vacancies
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Czech authorities in prominent positions highlighted the importance of foreign workers in enhancing the nation's infrastructure.
One in five Czech construction and industry companies plan to dismiss workers
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A recent survey found that a similar number of non-profit companies also plan to carry out layoffs in the fall.
Survey: Half of Czechs prefer to use cash while traveling abroad
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According to a recent survey, the majority of Czechs prefer to exchange Czech crowns for foreign currency before going on vacation.
Czechs tip more generously when paying by card in restaurants
More people are paying by card in eateries and voluntarily opting to add a tip to the bill.
Living costs remain high in Czechia, despite inflation slowdown
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New data reveals that prices for some food staples, electricity, and package vacations in particular are higher than they were last year.
