ADVERTISEMENT

A third of Czech households suffered financial difficulties due to pandemic

World

Photo by esfera / Shutterstock.com

The first wave of the coronavirus pandemic negatively affected the income of close to a third of Czech households, according to the results of a survey conducted by the agency Perfect Crowd, Czech Radio reports. 

Photo by esfera / Shutterstock.com

Eight percent of respondents said they had lost their jobs as a result of the lockdown, 20% had a lower income.

Some 43% of respondents said they had to dip into their savings to make ends meet, 4% had to take a loan.

The crisis hit low-income groups, people with a lower education and the inhabitants of smaller towns and villages the hardest.

ADVERTISEMENT

Business, consumer confidence slip in May Analysis

Business, consumer confidence slip in May

Parl't elects Orbán prime minister Parliament

Parl't elects Orbán prime minister

New managing director at LG Electronics Hungary Appointments

New managing director at LG Electronics Hungary

Airport bus fare could rise to HUF 1,500 City

Airport bus fare could rise to HUF 1,500

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.