CZK 610 Million Tax Surplus To Be Shared Between Education, Health, and Other Sectors
Due to a tax surplus in the South Moravian Region, an extra CZK 610 million will be allocated to road repairs, infrastructure building, education, culture and health, including CZK 150…
Czech Economy Performs Better Than Expected In Q4 2021
The Czech economy performed better than expected in the last quarter, according to data published today by the Czech Statistical Office (CZSO). Credit: Freepik Czech Republic, Feb 1 (BD) –…
Household Income In Czech Republic Increased by almost 5% Year-on-Year in 2020
According to the Czech Statistical Office (CZSO), the average net income per person in Czech households in 2020 was CZK 220,100, an increase of CZK 10,352 from 2019. The monthly…
Consumption Rises Over 5%, Public Deficit Reaches 7%
According to a January report from the Czech Statistical Office (CZSO), consumption and wages are on the rise. However, the public budget deficit has reached a record CZK 420 billion,…
Companies Reluctant To Raise Wages Despite Rising Inflation
Companies are reluctant to raise wages, even though inflation keeps raising pressure on wage growth. Experts believe that companies will try to delay any decisions until the longer-term outlook for…
In Brief: Average Wage In South Moravia Up By CZK 2,097 In Q3 2021
The average gross wage in South Moravia increased by 6% this year in the third quarter of 2021 (CZK 2,097), reaching CZK 36,852. Credit: Freepik In Q3 2021, the Czech average…