Recently, AmCham participated in a workshop on the development of economy held under the guidance of the  Economic Committee of the Senate of the Czech Parliament. Speakers of all shapes and stripes were present: businesses, academics, union reps, and politicians. Everyone agreed that the country was at an economic crossroad (one could argue that every country always is at a crossroad), but disagreed on what directions we could choose to take.

The Czech economic outlook indicates the central bank will be able to end its cap limiting koruna gains in about a year, and policy makers probably won’t have to pursue more unconventional monetary steps, a new member of the rate- setting board said in an interview published by the Czech National Bank.