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

21st September 2014 / Economic policy / Tax & Finance

Economic Policy: Introduction of third VAT rate and expected reduction down to two tax rates again in 2016

On Wednesday 17th September the Chamber of Deputies decided in second reading about introduction of third VAT rate at the level of 10 %. Eventually they sent act to the third reading where it should be accepted and sent to the Senate. As it was previously mentioned the third tax rate should be appli...

14th September 2014 / Economic policy / Energy and Environment

Economic Policy: Czech Natural Gas Reserves

On Tuesday 9th September Minister of Industry and Commerce Jan Mládek visited natural gas reservoir in Háje near Příbram. This reservoir belongs to RWE company that owns 92 % of total natural gas storage capacity in the Czech republic. Minister was pleased to hear that the reservoir of natural gas a...

5th September 2014 / Economic policy / Macroeconomic Indicators, Economic Growth

Economic Policy: ECB tries to tackle low inflation and growth, indicates important financial institutions

At the meeting of the ECB Governing Council on Thursday 4 September, the eurozone´s central bank took an expected step and announced bond-buying program in an effort to reverse the low inflation and growth prospects. Eurozone´s growth reached only 0.2% in the first half of 2014 and the inflation res...