Czech Rep. to introduce German-style public unemployment insurance


Photo by zabanski /

Spurred by the coronavirus pandemic, the Czech Coalition Council will consider a proposal by Minister of Labor and Social Affairs Jana Maláčová to permanently adopt a German-style public unemployment insurance scheme, known as “kurzarbeit” or “short-time working”, reports news service Seznam Zprávy, as cited by Prague Monitor. 

Photo by zabanski /

Kurzarbeit is a form of public insurance where, in times of crisis, employers can reduce hours instead of laying off large numbers of employees, while the government provides funds to replace the income of workers, for example, 60-80% of an employee’s average wage.

The program would extend up to nine months from the onset of a crisis. Seznam Zprávy noted that the proposed scheme may be needed in the fall, especially in the hard-hit manufacturing sector in the Czech Republic, and could be implemented as early as September. 


MNB Int'l Reserves Rise EUR 633 mln in November MNB

MNB Int'l Reserves Rise EUR 633 mln in November

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

Number of Job Adverts up Minimally HR

Number of Job Adverts up Minimally

Tourism Nights Down 0.2% y.o.y. in October Tourism

Tourism Nights Down 0.2% y.o.y. in October


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.