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
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Significant increase in wage required for Blue card holders
Blue Card is a residence permit in the Czech Republic intended for highly qualified employees from the countries outside the EU. One of the basic requirements is a certain amount of wage, which must be at least 1.5 times the average gross wage in the Czech Republic. From 1 May 2020, the Ministry of Labor and Social Affairs announced a significant increase in this amount to CZK 51,188 per month, which is a difference of around CZK 3,500 compared to last year.
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AmCham Board advises that the pandemic likely to last into 2021
The AmCham Board of Directors assessed the duration and depth of the pandemic on May 6. Each board member discussed the current situation in their industry, and predicted both short and long-term impact of the virus on their sector and the Czech economy.
The board will update their assessment regularly. They are now planning web discussions focused on sectors and key economic factors. Reports on this discussions will also be distributed among members.
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The way back: What the world can learn from China’s travel restart after COVID-19
With China’s COVID-19 lockdown over, travel is beginning to restart there. The country’s experience as consumer confidence in travel grows can help businesses in other parts of the world navigate the next normal.
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