Free Trial

Labour Ministry Proposes CZK1,100 Minimum Wage Hike In 2023

CZECHIA
  • The Ministry of Labour and Social Affairs submitted a proposal to trade unions and employer representatives to raise the minimum wage by CZK1,100 from January. This would represent a 6.8% increase from the current CZK16,200 to CZK17,300 per month. Trade unions and employer representatives are due to respond to the proposal today.
  • The latest Data Collect/Kantar poll suggested that ANO leader and former Prime Minister Andrej Babis is the frontrunner to win the presidential race to be held early next year. Babis polled at 27%, surpassing retired general Petr Pavel (26.5%) and economist Danuse Nerudova (23.5%). That said, Pavel remains a clear favourite in terms of voting potential, which accounts for voters who are still hesitating about their final decision. Furthermore, the survey contrasts with a suite of earlier polls which indicated that both Pavel and Nerudova would easily beat Babis in the second round.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.