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

22nd August 2017 / Competitiveness / Employment and Social Affairs

Quartz: Bohemian Rapsody: Why does the Czech Republic have the lowest unemployment in the EU?

According to David Marek, chief economist at Deloitte in Prague, the nation’s unemployment rate is low for two main reasons. First, assembly plant jobs have been relatively easy to create because they are cheap and government incentives have made the Czech Republic attractive to global manufacturing companies. Second, the Czech business cycle is closely connected to the economic health of the EU. When Europe is doing well, the Czech Republic does even better, Marek says.

22nd August 2017 / Competitiveness / Digital Agenda

D.Byrne, D.Sichel: The productivity slowdown is even more puzzling than you think

If the tech sector continues to innovate so rapidly, why has overall productivity growth been exceptionally sluggish? David Byrne, Senior Economist, Federal Reserve Board of Governors, and Dan Sichel, Professor of Economics, Wellesley College ask in an article published on the voxeu.org portal.

22nd August 2017 / Competitiveness / Transport, Infrastructure and Tourism

Radio Praha: Thriving Prague hotels raising prices to previously unseen levels | Eurostat data on bed-places in tourist accommodation establishments & holiday spending

2017 is turning out to be a good year for Prague’s hoteliers, who have managed to raise their prices to previously unseen levels. Meanwhile, occupancy rates also mean that rooms are producing a markedly higher yield than in the past, according to a report in the business daily E15, Radio Praha writes.