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Spotlight issue

12th August 2021 / Economic policy / Business and Industry


White & Case advises Avast on US$9.2 billion Merger with NortonLifeLock

Global law firm White & Case LLP has advised Avast plc, the FTSE 100 global leader in digital security and privacy, on its merger with NortonLifeLock Inc, which is being structured as a takeover of Avast by NortonLifeLock. 

12th August 2021 / Competitiveness / Transport, Infrastructure and Tourism


Hard Rock® Opens Its Iconic Rock Shop at Václav Havel Airport Prague

The Hard Rock Café American chain, which has been operating a restaurant and a merchandise store in the center of Prague for over ten years, is now adding another venue to its portfolio. The Rock Shop will launch its operations at Václav Havel Airport Prague on August 3, 2021, offering passengers all the iconic items from the brand’s range of merchandise, starting with T-shirts, sweatshirts, pins, mugs and many other things. The new store is located in Terminal 1, designated for flights to countries outside the Schengen area.

10th August 2021 / Economic policy / Macroeconomic Indicators, Economic Growth


New programme period: one trillion Czech crowns and simpler procedures for applicants

At the end of June, the Czech Ministry for Regional Development held a conference entitled “Green and Digital Czechia? But What About People…”, at which it presented the main goals and investment opportunities encompassed within the EU funds for the following programme period of 2021–2027.

10th August 2021 / Economic policy / Macroeconomic Indicators, Economic Growth


Inflation in the Czech Republic accelerated again

The month-on-month rise in consumer prices was twice as fast as expected in July. The year-on-year inflation rate reached 3.4%, which is 0.4pp above the CNB forecast, and is heading for 4%. Above all, the prices of services are rising. Concerns about rising inflation expectations will lead the CNB to further raise interest rates. Uncertainty about price developments in the near term remains elevated.

9th August 2021 / Good governance / Legal Reform and Transparency


What will change from 2 August 2021 for foreigners with a long-term residence in the Czech Republic?

After two years, there is another amendment to Act No. 326/1999 Coll., on the Residence of Foreign Nationals in the Czech Republic and amending certain laws with related regulations. Let us briefly summarise what the main changes will include and whom they concern.

Strategic Directions for Czech Economic Policy

  1. Transition to High-Tech Manufacturing and Exports
  2. The City Campus as Idea Factory
  3. Government Programs and Processes That Drive Innovation
  4. Government as a Competitive Advantage, including Digitization

Advocacy Priorities for 2023 
 
Technology, People, Infrastructure

 

Actions Recommended in Areas:

1. Establishing Policy Objectives for Research.

2. Research Investment and Cooperation. Big Bets (Key Technology Projects).

3. Establishing Databases for Tracking Public Policy Outcomes.

4. Public Procurement as an Innovation Tool.

5. Immigration of STEM Talents.

6. Digitization of Immigration. 

7. Adult Reskilling and Upskilling.

8. Digitization of Land Use.

9. Infrastructure Development, including Technology Parks.

 

 

Read the documents in English and Czech.

Policy pipeline

In Policy Pipeline policy developments in the Czech Republic and abroad are monitored to bring better understanding of current topics and trends.

Members of the American Chamber of Commerce in the Czech Republic