Czech Republic Launches New Visa Program for Digital Nomads

The new visa program is designed to attract digital nomads and boost the economy.

Czech Unemployment Rises to 3.8% Amid Seasonal Employment Dip and Economic Uncertainty

The Czech Republic's unemployment rate edged up to 3.8% in July, a 0.2 percentage point increase from May and June, reflecting seasonal job shifts and broader economic trends.

Czech Republic Claims 9th Spot Among EU’s Healthiest Economies

In a remarkable economic turnaround, the Czech Republic has reclaimed its position among the European Union’s top ten healthiest economies. According to the Prosperity Index by Česká spořitelna and Europa in Data platform, the country has secured the ninth position, matching its 2022 ranking.

Average Wages Approach 50,000 as Czech Republic Sees Economic Growth

The Czech Republic’s average wage has reached a new milestone, climbing to 49,229 CZK in the fourth quarter of last year. This represents a year-over-year increase of 7.2 percent, or 3,322 CZK, according to the Czech Statistical Office. More importantly, real wages – what people can actually buy with their money – grew by 4.2 percent after accounting for inflation, marking the fourth consecutive quarter of real wage growth.

OECD Forecasts Acceleration in Czech Economic Growth This Year

The OECD projects Czech economic growth to accelerate to 2.1% this year, up from 1% in 2024, with further expansion to 2.5% in 2026. Inflation is expected to ease, and the fiscal deficit will continue narrowing.

The Czech Ministry of Industry and Trade Plans Law to Fast-Track Gas Power Plant Construction

The Czech Ministry of Industry and Trade is preparing legislation, dubbed "lex gas," to streamline the approval process for gas power plants over 100 MW, aiming for approval in the first half of 2025.

U.S. Onsemi to Invest USD 2 Billion in Czech Semiconductor Production

Onsemi has chosen the Czech Republic for its semiconductor production, with a planned multi-year investment of up to $2 billion. This major investment will secure the supply chain for innovative power semiconductors for Europe and beyond, marking one of the largest private sector investments in Czech history and a significant move for Central Europe.

Czech Economy Set to Grow by 2% in 2025 according to the Czech Chamber of Commerce

The Czech economy is set to grow by 2% in 2025, with inflation easing and real wages rising, signaling a gradual recovery.

Czech Economy Hits Three-Year Growth Peak in Q1 2025

The Czech economy saw its strongest growth since mid-2022 in Q1 2025, driven by robust household spending, rising employment, and strong sectoral performance.

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