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

30th June 2017 / Economic policy / Employment and Social Affairs

Is pay raise or different job the key to increasing prosperity?

CSSD has set the goal of increasing the average wage by 45%. Everyone should be for it, as long an employment stays high. The question, then, is how to achieve this. A quick analysis of the occupational structure of the Czech economy shows that the economy still generates more jobs in low-wage occupations and fewer jobs in high-wage occupations than advanced economies of the EU. CSSD's focus on building a research economy seems the best bet of the four policy solutions they have proposed.

9th June 2017 / Economic policy / Employment and Social Affairs

AmCham CZ: Manufacturing in the Czech Republic: National Employment and Median Wage by occupation 2011-2016 - report

AmCham Czech Republic publishes a new report within the Czech Workforce series. Wage increases in 2016 reflect the growing tightness in the labor market, due to the large decline in working age people. The situation accelerated in 2016, particularly in the blue collar market. The government's favored policies of increasing public sector wages and keeping a clamp on non-EU workforce are shaking the equilibrium between demand and supply. The question is whether the outcome will be the desired increase in wages while maintaining high employment, or the departure of a substantial number of blue collar jobs to other EU countries with either lower cost or higher productivity.

5th June 2017 / Economic policy / Technology, R&D and Innovation

Technology Centre of the Academy of Science: How to step up the international engagement of Czech research organizations?

The quality of the Czech system of research, development and innovations has improved over the past years; almost all indicators have improved. But we still lag behind dramatically in international cooperation, Technology Centre of the Academy of Science writes.