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

6th November 2015 / Economic policy / Macroeconomic Indicators, Economic Growth

Economic Policy: Shadow economy makes up 15 percent of Czech GDP / Central Bank to keep forex interventions.

The shadow economy makes up 15 percent of the Czech GDP, according to data released by the Czech Statistics Office, Radio Prague informed. Transactions to the tune of 614 billion crowns annually go untaxed. In addition to large-scale VAT evasion this concerns undeclared income from smaller transac...

30th October 2015 / Economic policy / Energy and Environment

Economic Policy: Eurostat: Czech Republic below EU average in resource productivity

Eurostat, the Statistical Office of the European Union, published data on resource productivity across the EU covering the period between 2002 and 2014. Resource productivity quantifies the relation between economic activity (GDP) and the consumption of natural resources and sheds light on how effic...

28th October 2015 / Economic policy / Legal Reform and Transparency

Economic Policy: World Bank: Doing Business 2016: Czech Republic up one place in paying taxes (updated)

On 27 October 2015, World Bank Group published their report Doing Business 2016: Measuring Regulatory Quality and Efficiency. New methodology that was used put the Czech Republic to 33rd place in 2015 instead of 44th. In the 2016 report, the country ranked 36th, lagging behind Slovakia (29th), for...