Czechia and Slovakia – the heart of Central Europe. Two neighboring countries formed one country called Czechoslovakia not only once but two times. They share a common history, yet there are quite a few distinctions. Especially today, they differ in many aspects. Do you want to know more? Find out in this article!
Category: Economy
Any articles related to the Czech economy.
Tax return and Tax Discounts in Czechia
#LifeInCzechia The tax season is here again and we have prepared a brief overview of its most pleasant part – tax discounts.
As an expat living in the Czech Republic, you need to pay attention to which discount categories apply to you because many apply only to Czech residents.
Which are the tax discounts that can be claimed by anyone regardless of their residentship?
Europe’s Energy Crisis: Why Is Your Electricity Bill Increasing?
#LatestNewsCzechia Did your energy provider increase your monthly utility deposits? That’s probably because of the energy crisis looming over Europe. Due to the war in Ukraine and the subsequent sanctions placed on Russia, the price of electricity has been going up. In this article, we will explain the reasons and what you can do about it.
Why Are the Prices of Accommodation, Food and Services in Czechia Currently on the Rise?
#LifeInCzechia As you may have noticed, prices of energy, rent, food and services have recently gone up in Czechia. Inflation is high. Although this seems to be happening due to war in Ukraine, the truth is somewhere else. Unfortunately, this event is still relatively fresh and hasn’t fully affected our economy yet. There are other factors that are contributing to inflation. They include the energy crisis in Europe and the housing crisis in Czechia.
Czechia Fights Against Inequality Between Women and Men’s Wages
Inequality of men and women is a topic that should be discussed by all. Unfortunately, not all the people are familiar with the severity of this issue. Thousands of organizations and campaigns all across the planet are trying to introduce the public to the importance of this topic. In the Czech Republic, one of these organizations is, Business & Professional Women CR z.s (BPWCR). This year, BPWCR is organizing the 12th annual Equal Pay Day conference in March, with the name “Count with us” to fight this serious problem.
Financial News in 2021: What Has Changed for Employees in the Czech Republic?
As every new year, the Ministry of Finance of the Czech Republic introduced some changes in regards to finance and taxes for the year 2021 that will impact the everyday lives of both citizens and foreign employees.
Changes in 2021 Regarding Health Insurance, Social Security Insurance and Flat-rate Tax
As we are stepping into the year 2021, there are some new policies regarding social security and health insurance, which are mandatory regardless of whether you are self-employed or employed in a business. For self-employers, there are some big news coming; flat-rate tax. In this article, we bring you updates on all of the recent changes.
Think Bigger and Explore The Future: DTSE AI Incubator
Are you a type of person who is interested in finance and procurement services? Do you agree with us that innovation is a change that unlocks new value? We would like to tell you more about AI Incubator, a new project created by Deutsche Telekom Services Europe Czech Republic. We bring you an interview with the project Manager of AI Incubator, Dávid Molnár who reveals that by using artificial intelligence, the company can deliver better services to their customers and shape a creative work environment for their employees.
Coronavirus in Czechia: Antivirus Support Program Extended until the End of October
Shortly after the COVID-19 pandemic hit the Czech Republic, the Czech Ministry of Finance introduced Antivirus – a support program for companies to compensate for their losses caused by the pandemic. Originally, it was due to end in August but the Czech government decided to extend it.
Entrepreneurs and 25 000 CZK Coronavirus Contribution: Who Is Entitled and How To Apply
The Czech Ministry of Finance has modified the support program for self-employed people who can get a subsidy of 25 000 CZK due to their losses caused by the restrictions related to the country’s fight with the coronavirus pandemic.