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Economic growth spurs wage hikes

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Nearly 50 percent of Czech companies are planning to raise their employees’ wages next year, according to a survey conducted by the Czech Chamber of Commerce in around 500 firms all around the country. Only five percent of the companies that took part in the poll will be lowering their employee’s salaries next year. The companies are increasing wages mainly thanks to increasing profits and overall economic growth. The Czech Finance Ministry estimates this year’s GDP growth at around 2.4 percent.

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