Free Trial
EURGBP TECHS

Bullish Theme, Despite Week’s Weakness

US TSY FUTURES

BLOCK, 5Y Sale

US OUTLOOK/OPINION

MS: Adding An Extra 25bp Hike For May But Keep Existing Cuts Call

STIR

BLOCKs, Sep'23 SOFR Put Spd

CANADA

USDCAD Whipsaws With Powell, Macklem Q&A Ahead

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

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.
144 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • 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.