News

Czechia is experiencing a surge in skilled foreign workforce 20.06.2023 Czechia is experiencing a surge in skilled foreign workforce Wages in Czechia are growing faster than in many other West European countries, leading to higher amounts of qualified foreigners coming to Czechia for work. Czech Republic Czech Republic
Technology Agency of the Czech Republic supports development of LEDs for depression treatment 19.06.2023 Technology Agency of the Czech Republic supports development of LEDs for depression treatment Czech specialists developes phototherapy aids that use LED technology. Czech Republic Czech Republic
Czech government budget reform is “relatively solid compromise” 19.06.2023 Czech government budget reform is “relatively solid compromise” Czech government announced a major package of economic legislation aimed at reducing the country’s record budget deficit. The move, which includes a largescale pension reform, is intended to save CZK 94 billion in 2023 and close to CZK 150 billion by 2025. Sweden Sweden
Czech salaries are growing, but still lag far behind Germany and Austria 19.06.2023 Czech salaries are growing, but still lag far behind Germany and Austria The Czech Republic leads the Visegrád Group in average wages, according to a new study by Mazars, but trails its neighbors to the west. Sweden Sweden
Doing business in Czechia: Company or trade license for foreign self-employed? 19.06.2023 Doing business in Czechia: Company or trade license for foreign self-employed? We spoke with an expert in labor law about starting your own business, and the legal form it should take. Sweden Sweden
AutoSAP: Car production increases to 595,580 19.06.2023 AutoSAP: Car production increases to 595,580 In the first five months of 2023, 595,580 cars were manufactured in the Czech Republic, almost 25% more year on year. U.S.A. U.S.A.
Czechoslovak Group to show new Tatras and ReCas solution at IDET fair 19.06.2023 Czechoslovak Group to show new Tatras and ReCas solution at IDET fair Czech producer of defense technology CSG presents new army trucks and drone solution at the IDET trade fair. Morocco Morocco
Czech Leasing and Financial Association funds 27% of e-vehicles, Czech Republic lags in electromobility 19.06.2023 Czech Leasing and Financial Association funds 27% of e-vehicles, Czech Republic lags in electromobility As of March 31, 2023, Czech Leasing and Financial Association member companies recorded 2,609 electric vehicles in their portfolios. They financed 27.4% (371) out of the total of 1,352 newe-vehicles sold in the Czech Republic in the first quarter of 2023. U.S.A. U.S.A.
Inflation slowed to 11 %, only transport prices fell 15.06.2023 Inflation slowed to 11 %, only transport prices fell Inflation slowed to 11 %, only transport prices fell South Africa South Africa
Škoda Group raises revenues to EUR 764m 15.06.2023 Škoda Group raises revenues to EUR 764m Despite the impact of the coronavirus and the war in Ukraine, Škoda Group increased its sales by 26% y/y to EUR 763.7m in 2022. Adjusted EBITDA rose 22% to EUR 50.2m. U.S.A. U.S.A.

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