Among the many coronavirus measures introduced by the Czech government is a “kurzarbeit”, or short-time working, programme. Under the scheme the state will make up some of the income lost by employees whose work is reduced by factory outages, helping firms avoid redundancies. The idea has received widespread backing, including from the Czech Confederation of Trade Unions, headed by Josef Středula. I discussed it – and the outlook in general – with the unions chief.
The government aims to fast-track legislation to untie the Czech central
bank’s hands to be active in the bond market. But Prime Minister Andrej
Babiš (ANO) told MPs on Tuesday that does not mean any immediate
The Finance Ministry said in a document accompanying the bill that the government was just fast-tracking, as part of its response to the coronavirus pandemic, Reuters reported.
The amendment widening the central bank’s powers to buy securities on the market does not alter a ban on monetary financing nor allow the central bank to enter the primary government debt market.
The Finance Ministry plans to issue government bonds worth 33 billion crowns in April. As of December, it had planned to issue medium- and long-term bonds worth at least 120 billion crowns on the domestic market in 2020.
What is the position of Czech women on the labour market? How big a slice of the female population is employed and what is their share in the technology industry? Those are some of the factors taken into account in compiling the Women in Work Index which compares conditions for women on the labour market across the OECD. The Czech Republic has done well in the latest report, jumping from 23 to 19th place on the ladder, largely due to the country’s record low unemployment. However one indicator is keeping the country back – the gender pay gap, which
The average gross monthly salary in the Czech Republic increased by 6.7
precent in the last quarter of this year to 36,144, according to data
released by the Czech tatistics Office on Friday.
In real terms, taking into account inflation, wages increased by 3,6 percent. However, two thirds of Czech employees earn less than the average wage. The median wage, a midway between the highest and the lowest levels, was CZK 31, 202, up by 6.6 percent compared to the same period last year.
Some 80 percent of employees earned wages between CZK 15, 365 and CZK 58,398.As for salaries in the capital, Prague, the average monthly wage reached CZK 44,237 crowns in the last quarter of 2019.
The Czech finance minister has said the government’s proposal to introduce a digital tax could be postponed till next year and the proposed tax could be cut from 7 to 5 percent. The statement comes following a warning from the US ambassador to Prague about possible retaliatory measures by the Trump administration and concerns voiced by leading Czech exporters who fear damage to Czech-American business relations.
Over 20 percent of Czech employees changed their job over the past six months, and more than a fifth are considering finding new employment or are actively searching for it, according to a global survey Workmonitor carried out by the recruitment agency Randstad. The survey also suggests that 65 percent of Czech employees are happy with their current employer.