News

Spotlight issue

2nd September 2021 / Competitiveness / Transport, Infrastructure and Tourism


Prague Airport to Reinforce Passenger Checks on Arrival

As per the new protective measure implemented by the Ministry of Health of the Czech Republic, Prague Airport, the Foreign Police of the Czech Republic and the Customs Administration of the Czech Republic will strengthen the control of the currently valid conditions for entry into the country. Together, the parties thus respond to the gradually increasing traffic at Prague Airport and the possibility to visit the country for tourist activities by foreigners. From 1 September 2021, the arrival procedure for all passengers flying to Václav Havel Airport Prague will be adjusted. Until further notice, the changes implemented at both Prague Airport terminals will affect tourists as well as citizens of the Czech Republic and the EU+ countries returning to the Czech Republic.

2nd September 2021 / Competitiveness / Technology, R&D and Innovation


T-Mobile and CIIRC CTU have launched one of the first pure 5G private networks for industry in Europe

CTU in Prague is one of the first places in Europe and the first in the Czech Republic to start operating a private network for industrial use based on pure 5G technologies. At the beginning of August, T-Mobile launched live operation of this 5G campus for the Czech Institute of Informatics, Robotics and Cybernetics (CIIRC) of the Czech Technical University. The private 5G network will enable scientists, students and also industrial companies to develop innovative solutions for smart manufacturing and implement  digitization and Industry 4.0 more easily.

1st September 2021 / Good governance / Legal Reform and Transparency


August brings significant changes to regulation of foreigners’ residence in the CR

An amendment to the Act on Residence of Foreign Nationals has undergone a dramatic legislative process. After being vetoed by the senate and subsequently overruled by the deputies, the amendment was signed by the president and promulgated in the Collection of Laws effective 2 August 2021. The amendment changes the rules for issuing certificates and the definition of family members and introduces a widely criticised monopoly for foreign nationals’ health insurance.

1st September 2021 / Good governance / Legal Reform and Transparency


Hidden amendment to the Income Taxes Act brings new relief for ceased enforcement proceedings

As part of the amendment to Act No. 120/2001 Coll., on Licensed Enforcement Agents and Enforcement Proceedings (Enforcement Act), among other things, Act No. 586/1992 Coll., on Income Taxes (ITA) has also been amended by inserting new relief for ceased enforcement proceedings with Act No. 286/2021 Coll. with effect from 1 January 2022. This relief will apply only to strictly defined historical enforcement proceedings and at the same time exclusively to low-value receivables not exceeding CZK 1,500. It is therefore not a long-term instrument, but rather a temporary measure following a change in the Enforcement Act.

1st September 2021 / Economic policy / Macroeconomic Indicators, Economic Growth


Economy driven by consumption and investments; exports are the brake

According to a revised estimate, the Czech economy grew 1.0% qoq in 2Q21, after declining 0.4% in 1Q. A preliminary estimate showed growth of only 0.6%. In a year-on-year comparison, GDP grew at a rate of 8.2%, while the preliminary estimate showed 7.8%. Let us recall that the original expectations of economic development for the second quarter were significantly higher, the market consensus was around 2.0% quarter-on-quarter growth. So 1% growth is disappointing in light of the economy waking up after COVID-19 closures. However, given the level of uncertainty, such a surprise is understandable.

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