News

Spotlight issue

8th April 2021 / Economic policy / Macroeconomic Indicators, Economic Growth


Production is weakening due to stifling components subcontracting

Industrial production accelerated its decline in February, negatively surprising analyst estimates. Orders are growing, but there are missing components for production and partial shortages of manpower. The foreign trade surplus fell in line with weaker industry. Unsurprisingly, construction remains subdued.

8th April 2021 / Competitiveness / Tax & Finance


Undeterred by Covid-19, dealmaking in the CEE region remained remarkably steady in 2020

The disruption caused by Covid-19 to CEE’s M&A market was short-lived as dealmaking returned to the fore in the second half of the year, according to a new report published by Mazars in association with Mergermarket.

8th April 2021 / Competitiveness / Employment and Social Affairs


Pandemic has accelerated digital upskilling, but key groups still miss out - PwC survey

While 40% of workers say their digital skills improved during the lockdown, data shows unequal access to career and training opportunities.

8th April 2021 / Good governance / Legal Reform and Transparency


Czech Supreme Court confirms that a new warranty period does not start in case of warranty replacements

Unlike the “old” Civil Code, the “new” Civil Code does not stipulate that in B2C relations a new warranty period is granted if a defective item is replaced by a new product within a warranty period. Legal doctrine interprets that the rule from the “old” Civil Code is not applicable in the new regime, and that a new warranty period is not provided in case of replacement of a defective product within the 24-month warranty period. The seller is only obliged to ensure that a consumer can use a defect-free product for 24 months. 

8th April 2021 / Competitiveness / Transport, Infrastructure and Tourism


Operations at Václav Havel Airport Prague Gradually Resume; Summer Season Starts on Sunday

During the first week of the 2021 summer schedule, which comes in effect at Václav Havel Airport Prague on Sunday, 28 March 2021, passengers will be able to use direct air connections to approximately 35 destinations in 21 countries worldwide, including charter flights. The schedule features both currently operated destinations and services re-launched from Prague by airlines after a break. The list of offered routes should continue to increase following the resumption of operations in the coming months.  

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