Economic policy
This section reports on economic policy initiatives of the Czech government, the EU, and other entities that have a direct impact on the competitiveness of the country. It also includes information on economic priorities of the AmCham and other leading associations.
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Spotlight issue
Quotas on work permits: discussion with the Ministry of Foreign Affairs and the Ministry of Interior taken place at the AmCham
On June 28 the American Chamber of Commerce hosted a discussion roundtable on quotas for work permits for foreigners with the representatives of the Ministry of Foreign Affairs and the Ministry of Interior. The discussion covered decision of the cabinet on the number of work permits for foreigners to simplify the application process.
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W.Stacey, AmCham CZ: "We need a system driven by incentives that fulfill our goal, which is to have the highest number of days in our lives without illness, injury or rehabilitation."
The Czech population is aging. An older population requires more health care; an older population also reduces the ratio of employees (who contribute health care taxes) to the total number of users of health care. Most experts predict that the gap between costs of the system and its funds will continue to widen. This gap is one of the greatest threats to a stable economy. Yet, we have not been able to solve this problem, because a political myth prevents us from seeing the system clearly.
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Czech confidence improved in June
Economic confidence improved in June, mainly on the back of higher optimism in the business sphere, while confidence for consumers slightly declined, but remains close to its historical highs. Today’s data supports our view for a Czech National Bank hike on Wednesday, ING Bank Czech Republic says.
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