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
AmCham CZ: CVUT and GE Aviation: Creating the ecosystem for prosperity
Yesterday, with its research partner GE Aviation in attendance, the Czech Technical University (CVUT) announced an agreement which will put four turboprop engine ground test cells into university labs, as well as provide the university one airplane fitted with a turboprop engine for testing. In the next few weeks, engineers from CVUT and GE will begin their work inside this new, state-of-the-art test cell.
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GE: Engine Czech: This university partnership is set to propel turboprop engineering to new heights
Why Prague? The Czech capital is the place where GE decided to jump into the turboprop engine market in 2008, when it took a bet on a storied but struggling turboprop manufacturer, Walter Engines. Dean of CVUT Engineering Faculty Michael Valasek said that since GE announced its plans to assemble the ATP engine in Prague in 2016, the number of undergraduate students enrolled to study aircraft engine construction at CVUT jumped from one to 15.
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Czechs will Spend 174 Days Working to Pay Taxes as this Year’s Tax Freedom Day Falls on 23 June
With this year’s date the latest ever recorded, Tax Freedom Day is slipping further away from the start of the year. This year, tax payers in the Czech Republic will spend 174 days working to pay taxes, which is one more day than last year. According to Deloitte, Tax Freedom Day will fall on 23 June 2018. Approximately the same as in the Czech Republic will apply to the Netherlands, Germany and Slovenia. Tax payers will have to spend the most days paying taxes to the government in France and Luxembourg, while the fewest in Romania and Bulgaria.
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