News

Spotlight issue

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


Inflation is hampered by cheaper food, with core inflation remaining high

Due to a fall in food prices, inflation slowed down more than expected. Core inflation remains elevated. We still expect inflationary pressures will ease due to weakened demand. At the beginning of the year, inflation should be below 2%. Inflation is below market and CNB expectations, and speculation on future rate hikes is declining.

8th January 2021 / /


U.S. Chamber Comments on Violence at Capitol, Certification of Biden’s Election

The U.S. Congress early today certified the election of Joe Biden and Kamala Harris to be the next president and vice president of the United States. The events of yesterday, in which a mob entered the Capitol and delayed for a few hours the work of the Congress, represent a disturbing moment in American history that will be impossible to forget, but the institutions of American democracy have weathered the test.

5th January 2021 / Economic policy / Digital Agenda


Czech Investment in ICT Equipment, Software at 4.3% of GDP

In 2019, companies and public administration invested almost CZK 245 bn in ICT equipment and software. Investment in software and databases has been growing at a significantly faster pace, accounting for two-thirds of the total investment in ICT, than investment in ICT equipment. More than 18% of the total R&D expenditures in the country were spent in the ICT industry.

5th January 2021 / Competitiveness / Technology, R&D and Innovation


Total Expenditure on R&D in Czech Republic in 2019 Increased to 1.94% of GDP

Total expenditure on research and development in the Czech Republic in 2019 reached 1.94% of GDP, nominally CZK 111.6 bn, which is an increase by almost CZK 9 bn year-on-year. Business sector invested the total of CZK 64.7bn in 2019. National public investment into R&D reached CZK 37.6bn. Resources from EU funds reached CZK 8bn.

4th January 2021 / Good governance / Public Procurement


Government's New Responsible Public Procurement Rules

After being returned by the Senate, the Chamber of Deputies of the Parliament of the Czech Republic approved on December  1, 2020 an amendment to Act No. 134/2016 Coll., On Public Procurement, as amended, which de facto introduces the obligation of socially and environmentally responsible public procurement from 1 January 2021.

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