News

Spotlight issue

9th December 2020 / Economic policy / Macroeconomic Indicators, Economic Growth


Industry and exports are expanding despite the second wave of the pandemic

Although manufacturing slowed down in October, it has still been growing decently in the second pandemic wave, with strong support from foreign demand. November will probably be weaker but not dramatically. Consequently, foreign demand significantly boosted exports while imports remained weaker. Construction declined at the beginning of the fourth quarter.

9th December 2020 / Competitiveness / Technology, R&D and Innovation


Avast Cybersecurity Experts Predict Covid-19 Vaccination Scams and Deepfake Disinformation Campaigns for 2021

Cybersecurity experts at Avast (LSE:AVST), a global leader in digital security and privacy products, foresee more Covid-19 vaccination scams, abuse of weak home office infrastructures, enterprise VPN infrastructure and providers, and ransomware attacks in 2021. Avast also expects deepfake disinformation campaigns and other malicious AI-generated campaigns to gain more traction. Specifically, on the Android platform, Avast experts predict further adware attacks, fleeceware scams, and stalkerware usage.

7th December 2020 / Competitiveness / Tax & Finance


The Covid insurance paradox: Prices are rising despite the drop in reported claims

Like most businesses, the insurance industry regularly evaluates the impact of the current coronavirus situation on day-to-day operations. This applies not only to insurers but also to brokers who must work in the interests of the client, whom they must assist during this difficult period and help him survive with the smallest possible losses. Therefore, we are actively discussing with our clients and evaluating the effects and possible measures regarding insurance, and we also offer the same to our potential clients. We see the services provided by brokers as an essential part of the overall risk management of each company, so do not hesitate to contact us.

4th December 2020 / Good governance / Legal Reform and Transparency


Second wave of emergency carer’s allowance

As in the spring, the government has responded to the second wave of the pandemic by taking steps to financially support both employers and employees, as well as the self-employed. Among other things, the measures adopted include an ‘emergency’ carer’s allowance, introduced at the end of October by the new Act on Changes in Providing Carers’ Allowances in Connection with Emergency Measures in the Event of an Epidemic. Compared to the spring, several changes has been made to the present emergency carer’s allowance.

4th December 2020 / Economic policy / Macroeconomic Indicators, Economic Growth


Czech wages surprise on the upside in the third quarter

Average wages accelerated by 5% in the third quarter after growing by just 0.6% in the previous quarter due to the Covid lockdown. Though a better than expected figure, a statistical effect may have played a role and optimism is fading amid a second wave of Covid-19  

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