Czech wages gain 7.2% in Q2 rise past CZK 34,000

Czech wages gain 7.2% in Q2 rise past CZK 34,000

Published at: 2019-09-04 09:37 | Author: CIJEurope.com
The average Czech wage rose 7.2 percent in the second quarter to CZK 34,105 per month, according to the Czech Statistics Office. That works out to a 4.3 percent gain in real terms if inflation is factored out. The median wage also rose by 6.9 percent to CZK 29,127, while it was revealed that 80 percent of all employees make between CZK 14,955 and CZK 55,259 per month. Seznam.cz quotes Komerění banka economist Michal Brožka says however that the pace of wage increases is slowing. "For this year, we're counting on a rise in wages at an average pace of 6.5 percent compared to last year's 7.6 percent increase. For next year, we expect wages to rise at an average rate of 5.3 percent." The highest paid employees worked in the financial and insurance sectors where they earned an average of CZK 63,852.

Similar Stories:

Prague fails to deliver on new flats pledge
Prague's current leadership claims to be doing all it can to relieve the housing cris  »
Victor Piturca developing resi complex near Catedrala Mantuirii Neamului
Former football star and current manager Victor Piturca is developing a residential comple  »
Berlin rental increase ban takes effect
Berlin's ban on residential rent increases has gone into effect following a decision  »
Svoboda & Williams Exclusively Appointed to Mediate the Sale of Apartments in Viladům Vršní
The Svoboda & Williams real estate agency has received an exclusive instruction to med  »
Where do you see your company going over the next two years? Since I became GM of the co   »
Construction has begun on Bispevika, a brownfield project along Oslo’s waterfront that   »
PSN has sold 350,000 sqm of land to the dominant Czech residential developer Central Group   »
Investors from China, Russia and other countries are leading a growing influx of foreign f   »