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Spotlight issue

16th July 2021 / Competitiveness / Trade and Investment


Fashion industry: Main trends and related investment potential

Whereas in the past, fashion trends were set by designers at their own shows, today the opposite is true – customers themselves determine what they expect from fashion. Fast fashion is increasingly becoming the target of criticism, as people expect sustainability, quality and a perfect shopping experience across channels. If they want to survive, and better yet prosper, both major and small fashion-industry players must respond accordingly. And those brands that have long played a role in shaping current trends or are quick to adopt them represent interesting investment potential.

 

16th July 2021 / Competitiveness / Transport, Infrastructure and Tourism


Holiday Season Begins: Fly from Prague to Over 100 Destinations

With the beginning of the summer holiday season, the offer of places to where passengers can fly from Prague aboard direct flights continues to expand. Currently, Czech and foreign tourists can choose from more than 100 destinations, including charter flights, operated by over 35 airlines. During July 2021, direct flights will also be launched by carriers on new routes to a number of places across Europe. Ryanair is to fly to Modlin Airport in Warsaw, easyJet to launch a new connection to Barcelona, while Wizz Air is to offer flights to Rome and Catania. Smartwings has been flying to Nice on the Côte d'Azur since Thursday.

16th July 2021 / Good governance / Legal Reform and Transparency


Chamber of deputies approves reduction in support for solar power and expansion of the solar levy

During yesterday’s session the Chamber of Deputies passed an amendment to the Act on Supported Energy Sources introducing a review of ROI on investments in supported energy sources that could in the future lead to restricted support for existing photovoltaic power plants. 

16th July 2021 / Competitiveness / Employment and Social Affairs


The future of work is far from settled.

The COVID-19 pandemic ushered in the opportunity to rethink how we work. It’s a sea change that occurs less than once in a generation and has the potential to reshape society in countless ways. This week, McKinsey examined the need for humility as leaders, organizations, and employees grapple with learning best practices, testing solutions, and admitting that nobody has all the answers in hand.

 

 

14th July 2021 / Good governance / Legal Reform and Transparency


Mere rental of real property not a VAT fixed establishment

In case C-931/19 Titanium, the Court of Justice of the European Union (CJEU) ruled against the existence of a fixed establishment for VAT purposes solely on the grounds of renting real property without the presence of staff in the country where the rented property is located.

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