From the Brno branch to the head of the team that takes care of the insurance of multinational clients around the world in less than seven years. Michal Holzer, the Global Services Director at RENOMIA, is a good example of the fact that if you have the talent and can succeed, your possibilities in this company are virtually limitless. Michal is a person who believes in the power of self-reflection, does not like routine procedures if they are no longer functional, is open to new things and is looking to work with people who want to develop further. He is not afraid to say that insurance is a sexy industry that will get you closer to almost every human field.

Average wage growth in the second quarter slowed down to 0.5% year-on-year, while the median wage even fell slightly. In real terms after adjusting for inflation, average growth fell by 2.5%, the most in seven years, mainly due to coronavirus measures in the second quarter

According to the CZSO's revised estimate, the domestic economy contracted 8.7% qoq in 2Q. Compared with last year, gross domestic product decreased 11.0%. The downturn in the Czech economy was thus slightly worse than the preliminary GDP estimate from the end of July showed. The revision of the development of the domestic economy took place in the opposite direction than in the case of Germany, whose quarter-on-quarter decline in GDP was ultimately four-tenths lower than the preliminary estimate showed. In an international comparison, the Czech Republic continues to be one of the countries whose economies were relatively affected the least by the coronavirus in 2Q.

The COVID-19 crisis has intensified existing trends, widening the gap between those at the top and bottom of the power curve of economic profit. Will your strategy keep you ahead of the accelerated pace of change?