Good governance / Business and Industry
This section details initiatives to make government a competitive advantage. It includes analysis and reports of government initiatives, as well as data on accountability and performance measures.
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Spotlight issue
How will the amendment to the Civil Code change the Czech residential property market?
On 1 July 2020, an amendment to the Civil Code will come into force which both property developers and apartment owners are well-advised to give their attention, as it will modify the co-ownership of apartments in significant ways. Other changes affect the right of first refusal of co-owners (which will be heavily curtailed) or apartment leases (which may newly include clauses on contractual penalties, if only in a limited scope).
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EY Global Fraud Survey 2018: 56% of Czech business respondents believe that corruption in the country is widespread
6 out of 10 Czech managers and 8 out of 10 Slovak managers are ready to compete in a fair way and 56% of Czech respondents believe that corruption in the country is widespread, according to recent EY Global Fraud Survey 2018.
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PwC: Global Economic Crime and Fraud Survey 2018 – Czech results: Only 30% of survey respondents use modern technologies to combat fraud
In comparison with our previous Surveys, it appears as if incidents of fraud at the Czech respondents were decreasing. 33% this year, compared to 35% in 2016 and 48% in 2014. This is contradicting the CEE and global results that show incidents of fraud reported by the respondents have risen from 33% and 36% in 2016 to 47% and 49% in 2018, respectively.
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