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

14th February 2017 / Economic policy / Macroeconomic Indicators, Economic Growth

Radio Praha: Czech economy slows despite increase in consumer spending

The Czech economy slowed last year despite an increase in consumer spending, Czech Radio reported on Tuesday citing new preliminary figures released by the Czech Statistical Office. According to the bureau, economic growth slowed to 2.3 percent of GDP; a year earlier it was double that amount, 4.6 percent. In Q4 alone, growth stagnated at 0.2 percent year-on-year.

14th February 2017 / Economic policy / Employment and Social Affairs

ILO: More long-term care services for the elderly needed in Central-Eastern Europe

The share of public long-term care expenditure in terms of GDP in Central and Eastern Europe countries is generally less than half of that in OECD countries. It represents 0.7 per cent in the Czech Republic, 0.74 per cent in Poland and 0.53 per cent in Serbia compared to 1.7 per cent in OECD countries, the International Labour Organization ILO writes.

9th February 2017 / Economic policy / Education

Estonian world: Estonian basic education system is successful, but needs to put fresh air, physical activity & digital solutions together | Debate over the future of Czech educational system

People in Estonia value education highly and the majority of the parents encourage their children to take learning seriously. One of the reasons for good OECD PISA results is the autonomy given to teachers and schools.