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
Who saved the employees in the first wave of the pandemic?
An analysis by CERGE-EI of support within the Antivirus B wage compensation program.
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Amcham´s comments to Act on Digital Tax (3rd reading in Parliament)
We write to express our concerns over the adoption of a Czech Digital Tax on a targeted group of companies that provide the platforms for the creation and international growth of innovative business.
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The economy at the beginning of a strong expansion
Year-on-year data from the real economy will start to show a strong expansion from March, due to comparison with last year's pandemic outbreak. On a month-on-month basis, however, we expect weak data in the case of retail sales, as stores have closed. The manufacturing could grow in March despite problems with the supply of components. Higher prices at petrol stations will increase year-on-year inflation. For the time being, the CNB will wait for further developments. We expect interest rates to continue to rise in the fourth quarter of this year, respectively, once the risks associated with the epidemic have subsided.
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