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

29th May 2014 / Economic policy / Energy and Environment

Economic Policy: Commission proposes new EU Energy Security Strategy

On 28 May, the European Commission published its proposal for a new EU Energy Security Strategy. The EU imports 53% of its energy consumption, more specifically 90% of its oil, 40% of its nuclear fuel, but in the light of the recent developments in Ukraine perhaps most importantly, 66% of its gas. A...

15th May 2014 / Economic policy /

Economic Policy: Russia will deliver gas only if Ukraine pays in advance

Starting from June 1, Russian gas will only be delivered to Ukraine if Ukraine pays for it in advance. Gazprom already switched to a prepayment system with Ukraine earlier this week and sent a $1.66 billion bill for June. Russia is currently pricing gas for Ukraine at $485 per 1,000 cubic meters. C...

8th May 2014 / Economic policy / Employment and Social Affairs

Economic Policy: Russia to fight EU-US sanctions with Chinese money

Russia decided to lift unofficial limits for Chinese investment as Kremlin tries to fight off impact of economic sanctions from the U.S. and EU. However, limits would be installed around significant gold, platinum-group metals, diamond mining and high-technology projects. Russian government will als...