Good governance
This section details initiatives to make government a competitive advantage. It includes analysis and reports of government initiatives, as well as data on accountability and performance measures.
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Spotlight issue
May employees be paid a salary in foreign currency?
In these times of globalization and of the free movement of labor across the EU, more and more employees ask to receive their salary payments in foreign currency. The Czech law has only a few circumstantial things to say about this, but in practical terms, such requests pose a number of issues for employers...
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PwC Fraud Prevention Survey in the Czech Republic 2019 - Call
According to the global PwC survey, three out of ten CEOs (29%) expect a slowdown in the world economy growth in 2019, which represents the highest level of skepticism since 2013. The decline in economic growth can lead to an increase in competitive environment and pressure on financial results of companies. Under pressure to achieve good financial results, the employees can use unfair business practices, such as corruption or bribery, or even commit frauds harming your company. The importance of effective prevention of misconduct and fraud is thus gaining an increasing importance, not only in relation to the criminal liability of legal entities.
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The employment of foreigners from the vantage point of applied law
The employment of foreigners on the Czech market is a hotly debated topic these days. According to an analysis by the Prague Institute of Planning and Development from October last year, on average, at least every tenth economically active person in the Czech Republic is a foreigner; in Prague, the ratio is in fact one in five.
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