The Czech Republic’s economic growth is expected to continue at a rate of around 2.5 percent, the International Monetary Fund predicted in a press release on Thursday. Inflation is expected to go down and unemployment levels will rise. The head of the organisation also warned of the large impact that American tolls on European products would have on the Czech economy.
Unemployment in the Czech Republic fell to 2.6 percent in May from 2.7
percent the previous month, according to official figures released on
Monday. Some 200,675 people were out of work in May, the lowest number
recorded since the same month in 1997.
Meanwhile, the number of vacant positions grew to almost 347,000, the Office of Labour said.
Analysts said that unemployment was close to the lowest level it could reach, with the number set to grow slightly in the summer because of new graduates.
The average monthly wage in the Czech Republic grew by 7.4 percent
year-on-year in the first quarter of 2019, according to figures released by
the Czech Statistics Office on Tuesday. The average wage at the end of
March stood at CZK 32.466. In real terms, discounting inflation, the rise
was 4.6 percent.
The median wage, a midway between the highest and lowest levels, in the first period of 2019 rose by 7.4 percent to CZK 27.582. Average salaries in the Czech Republic have grown uninterruptedly since 2014.
Corporate catering businesses are on the rise in the Czech Republic, with more and more fast food chains and food retailers delivering their products directly to companies, the news site e15 reports. In-office catering is mainly intended for business meetings or trainings but it is also used as one of the benefits for employees. According to e15, Czech companies and institutions spend billions of crowns annually on corporate catering.
Unemployment in the Czech Republic dropped to 2.7 percent in April, down
from 3 percent in March, according to data released by the Czech Labour
It is the lowest unemployment rate registered since 1997. According to the statistics 210,000 people are currently out of work. Technically-skilled manual workers are the most sought after.
The record low figure is ascribed to the healthy state of the Czech economy and the beginning of seasonal work.
Unemployment rates in the Czech Republic have been the lowest Europe-wide for some time now. The latest data on employment levels is set to be released by the Labour Office on Friday, but already now analysts have told the Czech News Agency that they expect unemployment to have sunk in April to 2.8 percent compared to 3 percent in March. The need for workers is also leading to women taking on more “unusual” jobs, Czech Television reports.
The salaries of doctors and nurses in Czech hospitals are now equal to the
European Union average, the Ministry of Health said a press conference on
Over the past five years, doctors’ salaries rose by 32 percent on average while nurses’ salaries rose by 41 percent.
In 2018, doctors in hospitals earned the equivalent of 243 percent of the average Czech salary and nurses 121 percent.
According to the Institute of Health Information and Statistics, this year their average salaries will reach 84,000 crowns and 43,000 crowns, respectively.
The anti-Babiš demonstration at Prague’s Letná: Questions and answers
Preservationists slam Jiřičná design for new Prague high rise development
PwC report: Prague increasingly attractive for real estate investors
Czech brewery rolls out first wastewater beer
Czech and Slovak Museum in Cedar Rapids forms bridge between the past with the future