News
New compensation schemes for businesses in the Czech Republic
In response to the negative impact of the COVID-19 pandemic on the economy, the Ministry of Industry and Trade has conceived two new support programs which seek to prevent any further deterioration of the dire state in which businesses find themselves in the Czech Republic.
Labour Code amendment introduced the concept of job sharing
Combining employment with motherhood and parenthood, as well as the ever-increasing demand of graduates for work-life balance were reflected in the latest amendment to the Labour Code. From this year on, employees can share positions and employers can benefit from government financial support if they create such a shared position.
Czech confidence improved significantly in April
Confidence improved in April amid increased vaccinations, an improving pandemic situation and the prospect of a gradual reopening of the economy. Household confidence is the best since last summer and business confidence reached pre-pandemic levels
Each country, including the Czech Republic, will need to define a strategic industry of the future
AmCham held another Technology Council session, this time moderated by Michel Perret, Carrier Commercial Refrigeration, General Manager Europe, and AmCham Board Member, focusing on challenges for supply chains. Lockdowns raised demand for stay-at-home equipment and created future demand. Among the challenges in 2020 were higher commodities prices, or containers shipping rates spikes.
Czech Republic & LEX COVID & 2021 AGM Season and Corporate Governance
AGM Season and Corporate Governance
Annual Financial Statements of a limited liability company and a joint-stock company must be considered by the General Meeting within six months from the last day of the previous accounting period. A company's accounting period is usually the same as the calendar year, and therefore Financial Statements should be considered by 30 June of the following year.
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.