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 confidence improved significantly in April
Confidence improved in April amid increased vaccinations, an improving pandemic situation and the prospect of a gradual reopening of the economy. Household confidence is the best since last summer and business confidence reached pre-pandemic levels
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Each country, including the Czech Republic, will need to define a strategic industry of the future
AmCham held another Technology Council session, this time moderated by Michel Perret, Carrier Commercial Refrigeration, General Manager Europe, and AmCham Board Member, focusing on challenges for supply chains. Lockdowns raised demand for stay-at-home equipment and created future demand. Among the challenges in 2020 were higher commodities prices, or containers shipping rates spikes.
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A year after the pandemic, European car sales are on a bumpy recovery ride
The European car market has largely recovered a year after the pandemic, but the route back isn't without challenges. The structural effects due to less commuting demand but chip shortages, in particular, will limit the rebound in 2021
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