News
Senators demand higher IRR for most sources, including solar power plants.
On 18 August 2021, the Senate returned to the Chamber of Deputies a bill amending the Promoted Energy Sources Act, which, among other amendments, introduces a review of the return rate on investments into promoted energy sources ("Bill“).
The Senate has proposed a number of changes to the Bill, including the permitted IRR. According to senators, the IRR should be set for all sources within 8.4-10.6%, where the actual IRR for specific sources will be determined by the Cabinet. The IRR, however, will have to be within the above range, and consequently no energy source will be allowed to have the IRR set below 8.4%. It means that the IRR would be substantially increased in respect of hydro, wind, and, most importantly, solar power plants.
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Kurzarbeit finally given green light after one year
In a draft amendment to the Act on Employment submitted at the end of August last year, the Ministry of Labour and Social Affairs introduced its long-awaited concept for the provision of support during partial unemployment, the kurzarbeit (short-time working) scheme, initially meant to be adopted into the Czech legal system from November 2020. Kurzarbeit was meant to replace the Antivirus programme as early as in autumn last year. Nonetheless, it took almost a year to put the kurzarbeit scheme through.
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.
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.
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.
Strategic Directions for Czech Economic Policy
- Transition to High-Tech Manufacturing and Exports
- The City Campus as Idea Factory
- Government Programs and Processes That Drive Innovation
- 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.
