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
Czech Radio: Education Minister agrees to 10% wage volume rise for teachers. Negotiations with Finance Minister will follow | OECD PISA results: 4.4% increase in young Czech low performers in mathematics
The Education Minister Kateřina Valachová agrees to a 10% rise in wage volume allocated for paedagogical and non-paedagogical staff. "The increase that the labour unions demand is huge, but legitimate", said the Education Minister after today's meeting with labour unions representatives. According to the recently published OECD PISA results, there is an increasing number of young Czech low performers in mathematics, which is still the OECD average.
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Ministry of Industry and Trade: Czech export hit record high in 2015 | CzechTrade: 122 new orders worth CZK 1.3bn for Czech companies in 2015
Czech export hit record high in 2015, reaching almost CZK 4 trillion, the Czech Minister of Industry and Trade Jan Mládek informed and listed some of the attractive markets for Czech companies. Also, the CzechTrade government agency facilitated new orders worth CZK 1.3bn in 2015 and plans to open four new offices worldwide.
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OECD: Czech R&D expenditures of 2% of GDP slightly above EU average, bellow OECD average. UNESCO Women in science data inside
OECD recently published data on R&D expenditures for 41 countries, including the Czech Republic. The country, with R&D expenditures amounting to 2% of GDP (622.9 USD per capita (2014)) ranks slightly above the EU average, but bellow the OECD average. South Korea spends 4.29% of its GDP on research and development, followed by Israel with 4.11% and Japan with 3.58% of GDP in 2015.
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