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Average wage hike fastest in decade

The average wage in the Czech Republic grew by 7.6 percent to 29, 346 crowns in the second quarter, according to data released by the Czech Statistics Office. Minus inflation the growth is 5.3 percent which is...
Prag, 05.09.2017 more...
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President-elect of UN General Assembly outlines priorities to Indian officials in New Delhi

New Delhi, India, 28 August 2017 – The President-elect of the 72nd session of the United Nations General Assembly, H.E. Mr. Miroslav Lajčák, today concluded a two-day visit to New Delhi. While in the Indian...
New Delhi, 04.09.2017 more...
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Secret Escapes buys top Czech discount website

The largest daily deal/bulk discount website on the Czech market, slevomat.cz, has been bought by British firm Secret Escapes. The largest daily deal/bulk discount website on the Czech market, slevomat, has...
Prag, 02.09.2017 more...
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Bank analysts expect 3.3-percent growth in GDP

The GDP growth estimate for next year has not changed since July
Bratislava, 01.09.2017 more...
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Czechs seek to gain observer status at Eurozone meetings

The Czech Republic may seek to gain observer status at Eurozone meetings to get on the inside track of the EU decision-making process. The Czech Republic and other EU member states that have not yet adopted...
Prag, 30.08.2017 more...
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Five outcomes of the coalition talks: Government might still go down

Coalition leaders announce they will stick together, but just a few hours later SNS’ demand to oust Smer’s labour minister transpired. Fico does not seem ready to give him up. Robert Fico of Smer, Andrej...
Bratislava, 29.08.2017 more...
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IS and aid on agenda as Sobotka meets Iraqi PM in Baghdad

The Czech prime minister, Bohuslav Sobotka, held talks with his Iraqi counterpart, Haider Al-Abadi, on a visit to Baghdad on Sunday. The two leaders discussed Czech support in the battle against Islamic State,...
Prag, 28.08.2017 more...
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Czechs improve prompt payment reputation

Czechs have historically not had a stellar reputation as prompt payers. But that situation appears to be changing now. Whereas seven years ago only three out of 10 Czech bills were paid within the common 60...
Prag, 27.08.2017 more...
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Six graphs that show a gloomy future for Slovakia

When top ranking is not a reason to celebrate. The OECD report about Slovakia issued in June of this year is a sweet-and-sour and gloomy read. It does give the same numbers Finance Minister Peter Kazimir and...
Bratislava, 25.08.2017 more...
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Czechs own most of the Slovak firms with foreign capital

The number of firms with Czech capital is still increasing. Slovak companies with foreign capital are in most cases owned by Czechs, Hungarians and Austrians. The list of the top five foreign owners also...
Bratislava, 24.08.2017 more...
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