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
Card payments in quarantine: Czechs took the bicycle shops by storm
Sales of bicycles and bicycle equipment grew unexpectedly during the Covid-19 pandemic. In May, they were even twice as high year-on-year. People also spent more on golf and sports equipment and clothing. On the contrary, revenues from cultural activities went steeply down due to the closure of cinemas, theaters and concert halls. Thanks to online sales, music and book stores were an exception, according to statistics on card payments in ČSOB in the area of leisure time from March to May.
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M&A market in CEE region undergoing correction, three quarters of investors intend to continue in acquisitions
The mergers and acquisitions market was fundamentally affected by the Covid-19 pandemic and the Central and Eastern Europe region will evidently experience a “lean year” following record periods. While 726 significant transactions at a value of 42.3 billion euros were carried out in the region in 2019, according to the international study “Mazars Investing in CEE: Inbound M&A Report 2019/2020”, this year the acquisition market, according to experts and investors, will develop similarly as in the period of the previous financial crisis in 2008 due to the effects of the pandemic.
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PCB: Project "Make Yourself at Home in Prague" With Free Admission Starts in July
Project "Make Yourself at Home in Prague" to support the restart of Prague tourism was unanimously approved this week by the City Council. The aim of the project is to support tourism in the capital and make the stay of visitors more attractive. A benefit point system will be used for this purpose, which will enable visitors to use points for free admission to the participating attraction (museum, gallery etc.).
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