Prime Minister Andrej Babiš’ cabinet approved the 2020 draft budget on Monday, just hours after trade union leaders and employers expressed support for it. The compromise proposal which respects a 40 billion crown deficit ceiling should see more money spent on pensions, social services, teachers’ wages, parental benefits as well as research, sport and investments.
Some 1,500 trade unionists from across the Czech Republic are due to demonstrate in Prague on Tuesday to demand higher wages ahead of tripartite talks. The Czech-Moravian Confederation of Trade Unions (ČMKOS) is due to make public its official wage demands for 2020 and highlight its long-term campaign to end “cheap labour”, ČTK reports.
Confectionery manufacturers are among Czech businesses most likely to be hard hit by Brexit, Czech Radio reported this week. According to an analysis carried out by the country’s biggest bank, Česká spořitelna, about a quarter of confectionery goods produced in the country are destined for the British market.
The sharp rise in apartment prices in major Czech cities in recent years combined with stricter mortgage conditions have led more people to rent, with a study by consultants KPMG quoted by Hospodářské noviny finding that the number of rental properties on the market has fallen by a third in only two years.
The private Czech train and bus operator Leo Express is set to deploy new trains, manufactured by the Chinese company CRRC, the Czech News Agency reported on Wednesday. The new Sirius train units should start operating next year. The total value of the investment, which includes the delivery of three units and an option for 30 more, exceeds five billion crowns.
Czech businesses are still struggling to find workers, the news site Ihned.cz reports. In August, labour offices in the Czech Republic posted more than 350,000 vacancies, which is the highest figure in the country’s history, the website wrote. The biggest demand is for construction workers, warehousemen, or truck drivers.
Following in the footsteps of Limebike electric scooters, Homeport Freebikes, and shared Rekola bikes, the Škoda Auto car manufacturer is launching its own service of shared electric scooters in Prague. The company is placing 50 electric scooters imported from Spain in the broad city centre and would like to see their number triple in the near future.
Czechs living in rented homes spend more than homeowners, according to a study by the Partners consulting agency, presented on Wednesday. On average, Czechs renting a home pay 1800 crowns a month more than those who own their home. At the same time, flats are rented mostly by people with lower income.