The differences between salaries in the Czech Republic are the smallest in Europe, the Czech News Agency reported on Saturday, citing data from the Eurostat and the annual report of the European Commission assessing the country’s economic and social affairs. According to the report, the income of the richest 20 % of the population […]
Billionaire Daniel Křetínský’s Czech Media Invest (CMI) has sold the Polish radio station group Eurozet it bought last year from French concern Lagardère in a move that has angered Poland’s ruling Law and Justice (PiS) party. PiS called the sale of Eurozet a threat to the pluralism of Polish media amid reports that one […]
Czech economic growth in 2018 slowed to 3 percent, down from 4.5 the previous year, according to data released by the Czech Statistics Office. While confidence in the economy is still high, in terms of economic growth, the Czech Republic is lagging behind the other Visegrad Group states. The Visegrad Group states –comprising the Czech […]
The Czech Republic’s unions have come out strongly against the minister of finance’s plans to make some 10 percent of state employees redundant as a cost-saving measure. Union leaders say the idea will impact the quality of public services – and are threatening action. The minister of finance, Alena Schillerová, recently revealed a plan […]
The Czech economy has been thriving on many fronts in recent times. However, with growth slowing the prime minister and minister of finance are planning major cuts next year that should impact all government departments. The minister of finance, Alena Schillerová, and the prime minister, Andrej Babiš, both from the ANO party, have been […]
Apple Pay may launch in the Czech Republic sooner rather than later, debuting on Feb. 19, according to one report. The date stems from “sources familiar with the developments on the banking market,” and has allegedly been confirmed by Apple itself, according to iDNES.cz. A spokesman for one local bank, Ceska sporitelna, said only that Apple Pay […]
36-year-old Van Ga Nguyen (name has been changed to protect identity) comes from North Vietnam. Like thousands of his fellow countrymen, he sought to improve his living standards by working in a European country, in his case in the Czech Republic. He said he had paid $14,000 (€12,350) to a Vietnamese middleman who would […]
One of the important points on Foreign Minister Tomáš Petříček’s agenda during his two-day visit to Ukraine has been the strengthening of economic relations. While bilateral trade sank significantly in the immediate period following the 2014 revolution, it has been growing steadily since 2016 and now lies at nearly EUR 2 billion per year. The […]
Czech lender Komercni Banka reported a better-than-expected 19 percent rise in third-quarter attributable net profit, boosted by a jump in income from trading operations and higher net interest income from rising rates. Profit rose to 4.20 billion crowns ($185.55 million), above the average estimate of 3.58 billion crowns in a Reuters poll. The profit […]