Competitiveness / Employment and Social Affairs
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
Quartz: Bohemian Rapsody: Why does the Czech Republic have the lowest unemployment in the EU?
According to David Marek, chief economist at Deloitte in Prague, the nation’s unemployment rate is low for two main reasons. First, assembly plant jobs have been relatively easy to create because they are cheap and government incentives have made the Czech Republic attractive to global manufacturing companies. Second, the Czech business cycle is closely connected to the economic health of the EU. When Europe is doing well, the Czech Republic does even better, Marek says.
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Hays Czech Republic: IT Contracting Salary Guide 2017/2018
The IT sector has been on the rise in recent years. Employee opportunities are rising as well as demand for external workers - IT contractors. The IT sector has been experiencing a major recovery for several years now and we forecast that the next year will again be a very fruitful period for the IT sector, Hays Czech Republic says, adding that it’s important that companies recognise that if they choose to use an external specialist they will get an invaluable and quick technological advantage over their competitors. The market is becoming and will become a very much candidate-led market as contractors have the choice of projects and salaries.
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Petyovsky & Partners: The Czech Republic: Wide Ranging Changes of the Immigration Law Become Effective
On August 15, 2017, the amendment of the Act on Stay of Foreigners in the Czech Republic became effective. The main aim of the amendment is to transpose the Directive 2014/66/EU of the European Parliament and of the Council of 15 May 2014 on the conditions of entry and residence of third-country nationals in the framework of an intra-corporate transfer ("ICT Directive"), however, the amendment brings significant changes in all the key areas of business immigration in the Czech Republic.
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