The business services sector continues to grow rapidly in the Czech Republic. The number of centres has risen by 10% and the number of employees in this segment has risen by 19% year-on-year. A total of 220 companies providing business services worldwide from the Czech Republic now employ 89,000 people and contribute 5% to the GDP in the Czech Republic, Association of Business Services Leaders (ABSL) says.

 
Mentioning the issue of a minimal salary is like lighting a fuse – and not only among economists. A simple textbook labour market model says that a minimal salary may lead to involuntary unemployment if it is set too high. Nevertheless, in reality, the labour supply and demand curves are not straight lines. Empirical studies about the effects of a minimal salary on unemployment do not yield clear results. In a situation where a certain sector is dominated by a single employer (a local monopsony), the negotiating terms between the employer and job applicants are unequal and a minimal salary is a response to the situation.

Do you want to have a good overview of salaries in Prague, Brno and Bratislava? Read CPL Salary Survey 2017 which is focused on the fields of Finance & Accounting / Procurement, Supply Chain & Logistics / IT / Engineering / HR & Office Administration.

The volume of the sharing economy in the Czech Republic could reach 1.19% of GDP, i.e. CZK 59.9 billion, as follows from Deloitte’s latest study of the sharing economy in the Czech Republic. Its highest potential is in the sectors of transportation, accommodation and finance. Deloitte’s analysts estimate that at present the volume of the sharing economy is thirty times smaller. The country with the most developed sharing economy in Europe is the United Kingdom.