News
The economy at the beginning of a strong expansion
Year-on-year data from the real economy will start to show a strong expansion from March, due to comparison with last year's pandemic outbreak. On a month-on-month basis, however, we expect weak data in the case of retail sales, as stores have closed. The manufacturing could grow in March despite problems with the supply of components. Higher prices at petrol stations will increase year-on-year inflation. For the time being, the CNB will wait for further developments. We expect interest rates to continue to rise in the fourth quarter of this year, respectively, once the risks associated with the epidemic have subsided.
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To Around 35 Destinations from Prague this May with New Resumed Routes
During this month, Prague Airport offers direct air connections to around 35 destinations, including charter flights. The list comprises routes to major European cities (e.g., Amsterdam, Frankfurt, Paris and more), popular holiday retreats (such as Hurghada, Madeira, Canary Islands, etc.) and large hubs in the Middle East (namely Dubai and Doha). Many flights from Prague will be re-launched at the beginning of May 2021.
OP EIC – new calls for summer 2021
Last calls under the popular Potential, Application and Innovation – Innovation Project programmes are to be announced under the Operational Programme Enterprise and Innovation for Competitiveness (OP EIC) that is slowly drawing to an end.
Early-warning tools and preventive restructuring mean the threat of insolvency can be detected and defused in time
Czech law has so far lacked an instrument which would set forth clear and umambiguous rules for out-of-court negotiations between distressed businesses and their creditors. This may change, thanks to the transposition of EU law on the concept of preventive restructuring and the introduction of an early warning system.
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.
