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.
Czech state-controlled utility ČEZ has announced a September 25 deadline
for potential buyers of its Romanian assets to register their interest. The
move is in line with the company’s strategy to exit foreign markets,
including Bulgaria, Turkey and Poland.
In total, ČEZ is considering seven companies in Romania, keeping only companies engaged in modern energy services (ESCo) and trading activity. ČEZ will later issue a call for non-binding tenders from registered potential buyers.
The utility expects to earn tens of billions of crowns from the sales, which it will invest largely into renewable energies.
Unemployment held steady at 2.7 percent in August, according to Labour
Office data published on Monday. In Prague, the unemployment rate remained
at 2 percent.
Fewer than 205,000 people in the country were seeking work last month, the lowest number for the month of August since 1996.
The overall number of jobseekers is expected to rise slightly in September, mainly due the entry into the labour market of a large number of school-leavers.
The Finance Ministry has sent the government a proposal to introduce a 7%
digital tax for large Internet companies such as Facebook and Google as of
mid-2020. According to the ministry the tax could bring approximately five
billion crowns to state coffers annually.
The proposed tax would concern internet companies with a global turnover of over € 750 million (CZK 19.1 billion), and an annual turnover of at least CZK 50 million for taxable services in the Czech Republic. Some digital economy platforms, such as Airbnb and Uber, would also be taxable.
The ministry’s proposal is based on a draft prepared by the European Commission, which however failed to win approval in the European Parliament.
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.
The draft state budget for 2020 that the Ministry of Finance forwarded to
the government at the end of last week anticipated both revenues and
expenditures some CZK 20 billion higher than figures approved at the end of
June. However, the planned deficit of CZK 40 billion is not affected by
this, the minister of finance, Alena Schillerová, told Czech Television.
The minister said the increased revenues and expenditures were due to a change in the macro-economic indicators.
Prices in the Czech Republic have almost tripled since the foundation of
the state in 1993, according to a new analysis produced by Raiffeisenbank.
The Czech crown has strengthened by roughly a quarter in the same period,
the study found.
Raiffeisenbank analyst Helena Horská told the Czech News Agency that if somebody had placed CZK 100 under their pillow in 1993 it would today get them around a third of the goods it would have then.
However, if they wished to spend the same sum abroad they could buy a similar amount as today, because prices abroad have grown at roughly the same tempo as the crown has strengthened, she said.
Trust in the Czech economy experienced a slight increase in August according to the results of a monthly survey conducted by the Czech Statistics Office released on Monday. The rise is particularly thanks to greater optimism in the trade and services sectors. However, industry trust remains at a six year low and consumer trust has decreased.
The country’s ambassadors around the world should be proud of the Czech Republic and talk up its achievements. That was the message from Andrej Babiš to Czech diplomats currently gathered in Prague. The prime minister also emphasised the importance of the Visegrad Four and repeated his opposition to euro adoption in a broad-ranging speech.
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