Young working Czechs are the least at risk of falling into poverty in the
European Union, according to data from the bloc’s statistical arm,
Eurostat. Youth in Romania are most at risk, it said.
According to Eurostat, the percentage of employed people in the Czech Republic aged 18-24 who are at risk of poverty stood at just 1.5 percent in 2017. By comparison, the EU average was 11 percent.
A young person is at risk of poverty if their net income is less than 60 percent of the national average, according to the methodology of the EU statistical arm.
Apart from the average salary, the average size of families also factors into the calculations. In the Czech Republic, families typically have no more than two children.
Apart from the Czech Republic, only two other EU countries had rates below 5 percent: Slovakia (3.8 percent) and Finland (4.2 percent).
The highest proportion of young people aged 18-24 in work and at risk of poverty in 2017 was in Romania (28.2 percent), followed by Luxembourg (20.0 percent), Denmark (19.1 percent), Spain (19.0 percent) and Estonia (18.4 percent).
Overall confidence in the Czech economy has declined for a third
consecutive month, dropping by 0.6 points to 98 points, the Czech
Statistical Office (ČSU) announced on Thursday.
Compared to last January, overall confidence in the economy is down, with levels lower for both business and consumers year on year.
Overall confidence in the Czech economy last dipped below 98 points in July 2017, when it stood at 97.7 points.
However, while business confidence has fallen in monthly terms, that of consumers has not, holding steady at December’s level.
Czech tennis star Petra Kvitová has reached the Australian Open finals,
after defeating her unseeded American opponent Danielle Rose Collins by a
score of 7-6, 6-0.
It is the first time Kvitová has made the finals in Melbourne and her third overall appearance in a Grand Slam tournament.
Her compatriot Karolína Plíšková lost her own semi-final match in Melbourne on Thursday to Japan's Naomi Osaka in three sets, by a score of 2-6, 6-4 and 4-6.
The final between Kvitová and Osaka takes place on Saturday.
Six out of ten Czechs consider terrorism to be a “serious threat” to
the peace and security in the country, a new opinion survey by the Centre
for Public Opinion Research (CVVM) finds.
At 61 percent, that figure is down 10 percentage points from a 2016 survey and 20 percentage points from a survey the year before, when the European “refugee crisis” began.
However, after terrorism, respondents cited international organised crime and refugees as the next biggest possible threats to national security. Just over half (54 percent) said these were “serious threats”.
Less than one-quarter of those polled said they thought left- or right-wing extremism posed a “serious threat”.
The CVVM survey of 1,104 Czechs aged 15 or older took place from November 3 –15, 2018.
Armenia’s prosecutor general has asked the Czech Republic to extradite
the nephew of former president and prime minister Serzh Sargsyan to face
drug trafficking and other charges.
The politician’s nephew, Narek Sargsyan, was detained in Prague in early December. An international warrant for his arrest was issued in July 2018 for alleged drug trafficking and illegal possession of firearms and explosives.
Czech authorities have already begun a preliminary investigation in anticipation of an extradition request. The final decision will be made by the Minister of Justice.
The lower house of Parliament on Wednesday approved a controversial
Communist proposal to tax churches on monies they receive in line with a
property restitution law enacted in 2012. The proposal will now go to the
Senate for further debate.
Opponents of the proposal argue that it is unjust to tax money paid in to the churches in compensation for properties confiscated by the Communist regime. They argue it is akin to punishing the victim of a theft and also unconstitutional, as in their view it violates earlier treaties.
The coalition government comprised of the ANO and Social Democrat parties backed the proposal by the Communists, who had threated to withdraw their tolerance of the minority government if they had rejected it.
According to the Communists, the state stands to recover about 380 million crowns annually from the roughly 2 billion crowns it now transfers to 16 churches under bilateral agreements.
In total, the churches should receive 75 billion crowns worth of land and property confiscated by the Communist regime and get 59 billion crowns worth of compensation money for the rest, to be paid out over a 30-year period.
The government is looking to introduce changes to the educational system to
place greater emphasis on apprenticeships, the daily Hospodářské noviny
The move is part of a long-term strategic plan to increase the Czech Republic’s overall competitiveness and bolster innovation.
Among those working on the plan are experts from the Confederation of Industry, Chamber of Commerce, Association of Small and Medium Enterprises and Tradesmen, and representatives of schools and the ministries of education and industry.
Prime Minister Andrej Babiš (ANO), as chair of the government’s R&D council, will oversee implementation of the strategic plan, which identifies 10 key areas requiring fundamental change.
These include creating half a dozen development centres for making breakthroughs in artificial intelligence, laser technology and nanotechnology.
Plzeň’s main steelworks company has filed an insolvency petition and
accrued 5 billion crowns in debt, the daily E15 reports. Pilsen Steel saw
its funding from a Russian bank cut off last year.
The steelworks’ largest creditors are both majority controlled by Russian entities – VEB Kapital and Vemex – while ČEZ Prodej, part of the Czech state-controlled utility, is also a major creditor.
Pilsen Steel trade unions say they expect a significant number of the more than 1,000 employees to be laid off and fear salaries may go unpaid.
Air traffic over the Czech Republic set a new record in 2018.
The number of take-offs, landings, and flyover flights increased by 6.9 percent year on year, to 912,815 in total. An average of 2,500 aircraft used domestic airspace in a given day.
The busiest traffic was also at Václav Havel International Airport in Prague, where the number of take-offs and landings grew year on year by 4.8 percent to 155,216.
Total traffic at Czech airports rose by 3.5 percent in annual terms.
The average price of new homes sold in Prague reached 101,091 crowns per
square metre by the end of 2018, an increase of 18.6 percent year on year,
a group of developers said on Wednesday.
The number of residential dwellings sold dropped by 9 percent to 5,000 last year, the lowest since 2012, according to data compiled by the developers Trigema, Skanska Reality and Central Group.
The most expensive flats are traditionally in Prague 1 (currently at 198,000 crowns per sqm on average) and in Prague 2 (164,000 crowns per sqm). The most affordable apartments are in Prague 4 and Prague 10, where the average price is 89,000 crowns per sqm.
In terms of price per square metre, smaller flats are more expensive than larger ones, regardless of location, the developers said.
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