The level of overall trust in the Czech economy has fallen to a five year low according to the results of a monthly industry survey conducted by the Czech Statistical Office and published on Tuesday. Among consumers and entrepreneurs year-on-year trust levels fell, while among industry and construction representatives trust levels have remained the same for the past four months.
More than a half of Czech children, some 54 percent, have their own bank account. A further 41 percent say that they want to have it, while just 5 percent do not, according to a survey conducted by Bank Creditas. More than two fifths see their mobile phones as the main access point for using their bank account.
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.