Competitiveness
This section feature research, opinion and progress reports on how the Czech Republic compares to other EU countries economically. It includes analysis of international rankings such as the WEF and World Bank.
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As work sites slowly start to reopen, CFOs are optimistic they can keep their customers and employees safe - PwC survey
As work sites slowly start to reopen, CFOs are optimistic they can keep their customers and employees safe - PwC survey
As COVID-19 restrictions continue to slowly lift in some countries while others remain in lockdown, PwC’s latest COVID-19 CFO Pulse reveals a sense of optimism among finance leaders about their companies’ ability to reopen safely. Seventy-five percent of CFOs feel very confident they can meet customers’ safety expectations, and 70% are very confident they can provide a safe working environment for employees.
The survey of 867 CFOs in 24 countries and territories also found that about half (49%) of CFOs are considering making remote work a permanent option where feasible, and 48% are looking at accelerating automation and other ways of working.
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Significant increase in wage required for Blue card holders
Blue Card is a residence permit in the Czech Republic intended for highly qualified employees from the countries outside the EU. One of the basic requirements is a certain amount of wage, which must be at least 1.5 times the average gross wage in the Czech Republic. From 1 May 2020, the Ministry of Labor and Social Affairs announced a significant increase in this amount to CZK 51,188 per month, which is a difference of around CZK 3,500 compared to last year.
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AmCham Board advises that the pandemic likely to last into 2021
The AmCham Board of Directors assessed the duration and depth of the pandemic on May 6. Each board member discussed the current situation in their industry, and predicted both short and long-term impact of the virus on their sector and the Czech economy.
The board will update their assessment regularly. They are now planning web discussions focused on sectors and key economic factors. Reports on this discussions will also be distributed among members.
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