News

Spotlight issue

16th December 2020 / Economic policy / Tax & Finance


Piggy banks grow fatter in Central and Eastern Europe in Covid times

  • Average monthly savings and investment volume rose in all CEE markets in 2020, continuing uptrend over past five years
  • Across region, increasing importance attached to putting money aside, but level of satisfaction with savings and investments varies widely
  • Key drivers for putting money aside: “rainy days”, planned purchases and safeguarding for old age
  • Widespread popularity of traditional products like savings books and building savings also reflects risk aversion among CEE savers

16th December 2020 / Politics / Elections


Fact Sheet Corona: Governmental Measures in CEE

Download up-to-date information on laws, regulations and governmental measures enacted in different areas due to the Coronavirus pandemic (COVID-19) in Central and Eastern Europe, including Belarus, Bulgaria, Czechia, Estonia, Hungary, Estonia, Latvia, Lithuania, Poland, Romania and Slovakia. Updated frequently.

16th December 2020 / Competitiveness / Digital Agenda


Many people have learned to use new services. This is good news for tech companies, says Libor Čížek from Citi Commercial Bank

Thanks to automated solutions, the usual banker skills of years past are no longer enough. Communication with clients is more technical and project-managed by various implementation teams focusing on the development of services for digital economy companies, from e-commerce to software to fintech. “Cooperation therefore requires involvement of IT people on both sides,” says Libor Čížek from Citi Commercial Bank, where he leads a section focused on services for digital companies. He adds that “as for other trends, it is mainly about shifting the bank’s corporate customer experience closer to the retail banking customer’s experience, despite the higher complexity of services in the corporate world.” Another key aspect is the digitisation process, which has been accelerated by the ongoing pandemic.

16th December 2020 / Good governance / Legal Reform and Transparency


Bird & Bird’s Digital Rights & Assets group review the EU’s draft Data Governance Act and discuss its political reception and interaction with GDPR

Our newly formed global Digital Rights & Assets group are delighted to present to you a podcast exploring some of the key issues relating to the European Commission’s draft Data Governance Act. In furtherance of its European Data Strategy, the Commission published the draft regulation on 25th November, seeking to bolster the European economy by setting up a framework to encourage data sharing and re-use of public sector data. 

 

15th December 2020 / Competitiveness / Tax & Finance


Lump-sum Benefit for Meal Allowance

According to an amendment of the Income Tax Act approved by the Chamber of Deputies, employers will be able to provide employees with tax advantageous meal allowances directly in cash, in addition to the current options of providing company catering or meal vouchers.

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