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The confidence in the Czech economy among entrepreneurs and consumers fell by 4.4 points to 82 points in November compared to October results. According to the Czech Statistical Office, the most serious decrease was recorded in the entrepreneurial sector which was affected by the COVID-19 restrictions.  The business indicator fell to 81.7 points while the consumer one fell to 83.1 points. Jiří Obst, head of the CZSO business cycle survey department, stated: “The current situation still raises great concerns about the deterioration of the overall economic situation.”  The number of people who are afraid of unemployment is also growing significantly, Obst added. The pessimistic mood for the Czech economy started to spread again due to the second wave and anti-epidemicRead more.

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Following the abolition of the super-gross wage, political parties ANO and SPD have formed a coalition to replace it with a 15 % income tax to everyone earning under 137,000 Kč a month, and 23% to those earning more than that.  Opposing parties argue that the income tax won’t be big enough to keep the government within its annual budget, especially since it’s not being offset by any new taxes or revenue sources. Miroslav Kalousek, former minister of finance and leader of the TOP 09 party, said that “If Andrej Babiš’s amendment is approved, our budget is going to be a complete write-off.” President Miloš Zeman had his own reservations about the amendment, placing a 2-year limit on it beforeRead more.

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On Friday evening, the police discovered a secret pub in the Czech city of Pardubice which remained open despite the quarantine measures ordering all food facilities to work strictly for takeaways and until 8pm. “We had information that the restaurant facility in Dukla has been in operation for a long time, so we checked the situation on Friday after 8 pm,” said Jiří Sejkora, a spokesman for the Pardubice city police, Idnes.cz reports. The restaurant looked like it was closed from the outside – windows were sealed, passages to the terrasse and the entering doors were covered with blankets. Guests were actually entering through the hostel – to enter, a guest had to ring the phone number meant for takingRead more.