Competitiveness

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

19th February 2021 / Competitiveness / Tax & Finance

Mazars shares global market view on future direction of audit

Mazars, the international audit, tax and advisory firm, today releases the results of its survey of 500 audit users and decision makers from 12 countries in ‘The future of audit: market view - myths, realities and ways forward’. Data from 12 countries increases understanding of today’s audit market and helps dispel four ‘myths’ relating to audit’s objectives, appetite for joint audit and the role of auditors and technology Vast majority (93%) of audit users think audit needs to be reformed and 87% are favourable to joint audit Companies overwhelmingly welcome auditors expanding assurance services beyond financial reporting (96%); value a human-centric approach supported by technology to reinforce audit quality; and view boosting objectivity, confidence, and performance as primary audit goals

19th February 2021 / Competitiveness / Energy and Environment

Family businesses risk missing the mark on ESG - PwC Family Business Survey

In a year where business has had to transform the way it meets the needs of society and the environment, family owned businesses risk falling behind, according to a new global survey of 2,801 family business owners. While more than half (55%) of respondents saw the potential for their business to lead on sustainability, only 37% have a defined strategy in place. European and American businesses are lagging their Asian counterparts in their commitment to prioritising sustainability in their strategy. 79% of respondents in mainland China and 78% in Japan reported ‘putting sustainability at the heart of everything we do’ compared to 23% of US and 39% in the UK. Larger businesses and those owned by later generations also buck the trend, with greater focus on sustainability.

18th February 2021 / Competitiveness / Energy and Environment

CTP continues to garner strong investor interest raising €500 million in their third green bond issuance

CTP B.V. raised €500 million with their third green bond issue on February 18th 2021, increasing the total raised from Green Bonds to €1.55 billion since their inaugural issuance in September 2020.