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.

Spotlight issue

21st October 2020 / Economic policy / Macroeconomic Indicators, Economic Growth


Czech Republic: Stricter Covid restrictions force GDP rethink

The Czech government introduced a new set of measures yesterday due to the surge of Covid-19 infections. Measures are focused mainly on limiting gatherings of people, impacting restaurants, culture events, sports and related services. We revise our 2020 GDP forecast to -7.5% from -6.5%
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14th October 2020 / Economic policy / Health Care


National Cancer Control Plan update kicked-off – conference

On October 13, the AmCham Health Care Council and HOP (Voice of Oncology Patients) organized a kick-off public discussion on the National Cancer Control Plan. During the session, Professor Eduard Vrdoljak, Head of the Center for Oncology and Professor at the Faculty of Medicine at the University of Split, Croatia, outlined why a plan provides consistent improvements in cancer treatments and patient lives. Deputy Health Minister Alena Šteflová confirmed the Ministry will create a working group to develop a plan, and MP Adam Vojtěch announced he will oversee ZERV (health care national reform advisory body) involvement in the developing of the plan. Professor Jiří Mayer, Department of Internal Medicine, Hematology and Oncology, Faculty of Medicine, Masaryk University, Brno presented the proposal to include hematology-oncology into the plan and Ivana Plechatá, Coordinator of patient platform Voice of Oncology Patients (HOP) listed ways in which patient organizations would contribute to the development of the plan.
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14th October 2020 / Economic policy / Macroeconomic Indicators, Economic Growth


Inflation decelerated mainly due to food prices

In September, Czech consumer prices declined below the market expectation as well as below the CNB forecast. Apart from seasonal changes, this was mainly caused by lower prices of food. For the coming months, we expect inflation to continue subsiding. The CNB will wait and see while the financial market speculates on rate cuts.
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Members of the American Chamber of Commerce in the Czech Republic