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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Prague.tv: Developers want red tape reduced | Deloitte Property Index: Prices of new residential real estate in the Czech Republic are highest compared to the Central European countries
Prague Institute of Planning and Development (IPR) spokesman Marek Vácha said that by 2030 there would be a demand for 82,400 flats with a combined area of 5.1 million square meters. This comes to 5,500 new flats per year, Prague.tv writes. According to Deloitte, revenues from apartment rentals in the Czech Republic fluctuate within the preferred range of 4 to 6%. Prices of new residential real estate in the Czech Republic are highest compared to the Central European countries, but their year-on-year growth was not as dynamic.
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GfK: European Retail in 2017: Central and eastern European nations had the highest per-capita purchasing power increases | KPMG on experiences of Czech consumers - survey
The population’s confidence in covering more than their basic needs increased as purchasing power increased, GfK analysis says.
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CzechInvest: Automotive Industry – The Engine of the Czech Economy
Ideas that aid innovation in the automotive industry do not originate only in Prague. At Brno University of Technology (BUT) and the related Central European Institute of Technology, a research group led by Pavel Václavek is working on projects investigating the potential of environmentally friendly vehicles. Brno, which proudly participates in Smart Cities projects, wants to be a pioneer of electromobility; with dozens of various partners, scientists are therefore investigating ways to improve the driving characteristics of electric vehicles.
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