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15th April 2021 / Economic policy / Macroeconomic Indicators, Economic Growth


Core inflation in the Czech Republic decelerates

Year-on-year inflation is kept higher by rising gas station prices and rising tobacco prices due to higher excise duties. Nevertheless, inflation in March ended slightly below expectations and the positive deviation of inflation from the CNB forecast fell to 30 basis points. The central bank will continue to wait with rate hikes. The game-changer should be the vaccination of a significant part of the population.

15th April 2021 / Competitiveness / Digital Agenda


Where are all those smart cities we were promised?

Tech has long promised to make city living safer, less congested, and more healthy. Now, with the rollout of superfast 5G and the explosion of Internet of Things sensors, those promises are becoming realities for many of our planet's 3.5 billion urban dwellers. Many essential services that once required a trip to city hall can now be done online. Vast networks of sensors help cities measure air and water pollution, reduce energy consumption, and alleviate traffic jams. Smart lighting systems are making streets safer while saving on energy costs. AI-enabled security cameras are helping police catch criminals in the act.

15th April 2021 / Competitiveness / Technology, R&D and Innovation


T-Mobile builds the state-of-the-art 5G campus network for industrial use on CIIRC CTU

  • T-Mobile and CIIRC CTU have signed a memorandum on long-term cooperation

  • Students' access to state-of-the-art technologies and superfast networks will help speed up the digitization of Czech industry

  • The new 5G SA technology will be supplied by Ericsson

14th April 2021 / Competitiveness / Social Responsibility


Carbon neutral flying – Lufthansa Compensaid now available to corporate customers

  • Companies can offset their business air travel
  • New for corporate customers: "Compensaid Corporate Program"
  • With Sustainable Aviation Fuel passengers travel in a climate-friendly way
  • First customer is insurance provider AXA Deutschland

 

13th April 2021 / Economic policy / Macroeconomic Indicators, Economic Growth


Czech inflation begins creeping higher on fuel prices

Czech inflation increased from 2.1% in February to 2.3% in March, mainly on the back of higher fuel prices, which increased by 6%. For the whole year, we expect average inflation of around 2.5%

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