In line with a government proposal approved by Parliament late last year the country’s close to 3 million pensioners will be paid out a one-off bonus of 1,200 crowns in February to make up for the low valorization of pensions in 2016. Following lengthy disputes on the issue in the lower house, the government now says it wants to be able to increase pensions without Parliament’s consent in the future.
Twenty-five years ago, on New Years Day, Czechs experienced a shock transition from communist planning to a market economy. The post-communist government of prime minister Petr Pithart launched a price deregulation sending the price of goods up several fold overnight. Since then prices have increased on average 5 times but a faster growth in wages means that Czechs are enjoying a much higher living standard than before the fall of communism. The daily Mladá fronta Dnes recalls this economic milestone in its Wednesday edition.
The Czech Republic has long had ambitions to be out there with the pioneers in e-government; linking up ministries and regional authorities and allowing citizens to transact more of their business over the computer rather than at office counters. But the roll out of those ambitions have hit many obstacles and some of these were highlighted on Monday in a report by the country’s public spending watchdog, the Supreme Audit Office.
The American e-commerce giant Amazon is aiming to build a new hall in Prague’s Horní Počernice which could be staffed by up to 3,000 employees. Around 1,000 of those, however, would be relocated from an already existing logistics centre in Dobrovíz. The hall would encompass a massive 40,000 square metres in the P3 industrial zone.
Forgotten Czech net bag makes a comeback
Iconic Czech brands that survived competition from the West after the fall of communism
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Unions: Strike Wednesday will hit most Czech schools