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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CTP: With an overall market vacancy rate of nearly 3% and the long permitting process—considered to be one of the longest in Europe—getting new projects started is becoming more difficult
The Czech economy continued to grow through 1H 2018, but slightly slower than in 2017 due mainly to tight labour conditions. Unemployent continues downward, nearing 2.0%. The tight labour market, while pushing employers to compete to attract talent through softer means, greater incentives, and higher salaries, has also increased disposable income, positively impacting retail sales and e-commerce. Consequently, this leads to an increasing need for more warehouse space. Specifically, large logistics centres outside larger cities, and also smaller, last-mile and cross dock facilities closer to end users.
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paxnews.com: Why the Czech Republic should be your next MICE pick
With more than 42,000 hotel rooms in total, and more five-star hotels than Vienna and Madrid combined, there are endless MICE opportunities--and if your clients wanted to host a MICE event in a castle, why not? The Czech Republic is home to more than 200 of them. The Czech Tourism Board and the Consulate General of the Czech Republic hosted a Lunch and Learn in Toronto to explain why the destination is quickly becoming a hub for MICE activity.
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