Czech Real Wages Fall Further in Q1
The average monthly wage in the Czech Republic rose by an annual 8.6% year-on-year in the first quarter to CZK 41,256 (EUR 1,753), the Czech Statistical Office (CZSO) reported on Monday.
However, two-thirds of employees earn less than the average wage.
In real terms, taking into account inflation, earnings fell by 6.7%, following an upwardly revised 7.9% slump in the previous period.
The median wage increased by 8.9% year-on-year to CZK 34,741 (EUR 1,476). It was CZK 37,696 for men and CZK 31,856 for women. Compared to the previous quarter, the seasonally adjusted average wages grew 2.2%.
Richter Shareholders Approve HUF 423/Share Dividend
Liz & Chain Rooftop Bar Debuts Sustainable Cocktails
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
