The average gross monthly wage in the Czech Republic rose by 2% to CZK 26,067 (EUR 1,100) in the fourth quarter of 2011, the statistics office said. Wages grew slightly slower than in the previous quarter when they increased by 2.4% y/y. The growth was at the lower band of a 2%-2.6% analysts forecast. The business sector was the main growth driver as wages there rose by 2.1%, while in the non-business sector they advanced by only 1.6%. In real terms, wages advanced by 0.4% in October to December 2011, registering a slightly weaker annual growth than the 0.6% hike in the previous three months. Real wages in the business sector edged by 0.3% down and in the non-business sector they decreased by 0.8%. Employees in the information and communications sector receive the highest average pay of CZK 46,445, while accommodation and food services sector employees get the lowest pay of CZK 13,241. In full-2011, the average wage increased by 2.2% in nominal terms and by 0.3% in real terms to CZK 24,319. |
Social Democrats (CDDS), the major Czech opposition party, proposed next year's general and European elections to be held on the same day, CTK news agency reported. CSSD leader Bohuslav Sobotka ... more
The Czech unit of UK retailer Tesco faces a fine of up to CZK 3mn (EUR 116,000) for selling beef lasagne containing undeclared horsemeat, Radio Prague reported. The state-run Agricultural and Food ... more
The upper house of the Czech parliament, the Senate, voted on March 20 a constitutional amendment to limit the immunity of lawmakers and constitutional judges, Radio Prague reported. Out of the ... more