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
IMD Smart City Index 2019: Prague ranks 19th globally, 11th in Europe
From 15 indicators, respondents of IMD Business School Smart City Index 2019 survey perceived affordable housing, road congestion, corruption, air pollution and green spaces as the most urgent for Prague.
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EY: FinTech adoption rate has grown to 64% globally with 96% aware of at least one service
China and India lead emerging markets with 87% adoption
Netherlands, UK and Ireland lead developed economies, buoyed by open banking in Europe
Global SME FinTech adoption at 25%, China leads with 61% followed by the US (23%)
FinTech adoption rates rose to an average of 64% this year according to EY Global FinTech Adoption Index 2019. Emerging markets are leading the way with both China and India at 87%. Close behind are Russia and South Africa, both with 82% adoption. Among developed markets, the Netherlands (73%), the UK (71%) and Ireland (71%) lead in adoption, reflecting in part the development of open banking in Europe.
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Eurostat: EU circularity rate: Czechia below average with 7.6%
According to Eurostat, in 2016, the circularity rate of the European Union (EU) was 11.7%. This means that 11.7% of material resources used in the EU came from recycled products and recovered materials, thus saving primary raw materials from being extracted. Compared with 2004, this share increased by 3.4 percentage points from 8.3%. This is primarily because the EU consumes less raw materials — such as construction materials and fossil fuels, while the amount of recycling only increases slightly.
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