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
Eurochambres/HK Economic Survey 2018: Czech businesses mostly concerned about shortage of qualified workforce, labour costs, regulatory burden and economic & political conditions
According to the Czech Economic Chamber (HK), contributor of data for the Czech Republic, the expectation of Czech businesses for 2018 are more optimistic than the rest of Europe. Number one concern is lack of qualified workforce.
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ABSL J. Appleton: 'We are working hard to develop other cities like Olomouc, Plzen, Hradec Kralove, Usti.'
The business services sector continues to grow rapidly in the Czech Republic. The number of centres has risen by 10% and the number of employees in this segment has risen by 19% year-on-year. A total of 220 companies providing business services worldwide from the Czech Republic now employ 89,000 people and contribute 5% to the GDP in the Czech Republic, Association of Business Services Leaders (ABSL) says.
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Minimal Salary
Mentioning the issue of a minimal salary is like lighting a fuse – and not only among economists. A simple textbook labour market model says that a minimal salary may lead to involuntary unemployment if it is set too high. Nevertheless, in reality, the labour supply and demand curves are not straight lines. Empirical studies about the effects of a minimal salary on unemployment do not yield clear results. In a situation where a certain sector is dominated by a single employer (a local monopsony), the negotiating terms between the employer and job applicants are unequal and a minimal salary is a response to the situation.
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