Competitiveness / Business and Industry
This section feature research, opinion and progress reports on how the Czech Republic compares to other EU countries economically. It includes analysis of international rankings such as the WEF and World Bank.
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Spotlight issue
CTP: With an overall market vacancy rate of nearly 3% and the long permitting process—considered to be one of the longest in Europe—getting new projects started is becoming more difficult
The Czech economy continued to grow through 1H 2018, but slightly slower than in 2017 due mainly to tight labour conditions. Unemployent continues downward, nearing 2.0%. The tight labour market, while pushing employers to compete to attract talent through softer means, greater incentives, and higher salaries, has also increased disposable income, positively impacting retail sales and e-commerce. Consequently, this leads to an increasing need for more warehouse space. Specifically, large logistics centres outside larger cities, and also smaller, last-mile and cross dock facilities closer to end users.
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The film industry in the Czech Republic represents more than one percent of GDP
The film production in the Czech Republic directly and indirectly produces sales of over CZK 104 billion, ie 1.1% of GDP. Those are findings of the newest Deloitte analysis Films and Games – Entertainment in Czechia from the Economic Point of View. In the Czech Republic, mainly foreign films (55% of overall production) and adverts (31%) are made, Czech films taking the third place (14%).
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JLL names Amsterdam, Stuttgart and Prague as hotspots for highest office rental growth in next two years driven by lack of supply
A lack of office supply will be the main driver of above-average rental growth in European hotspots including Amsterdam, Stuttgart and Prague in the next two years, according to a new report from JLL.
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