Czechs spend hundreds of millions more on books

21-11-2016

Czechs last year spent roughly 7.5 billion crowns (the equivalent of around 31.4 million euros) on books, a rise of around five percent year-on-year, according to the Association of Czech Booksellers and Publishers. The rise amounts to an increase of between 300 and 400 million crowns. The increase marks a turnaround after several years’ stagnation; according to the association, spending on books increased due to a lowering of the VAT rate on books as well as the improving economy.