News

Spotlight issue

11th November 2020 / Good governance / Legal Reform and Transparency


Record-breaking spam penalty

In August of this year, the Office for Personal Data Protection (the Office) imposed the highest fine to date for the repeated unsolicited sending of commercial communications (spam). The company selling second hand cars paid CZK 6 million.

11th November 2020 / Good governance / Legal Reform and Transparency


Czech Supreme Court confirms that the protection of the family household enjoys the highest priority

The protection of the family household takes precedence over the protection of the good faith of third parties in the disposal of real property in which such a household is located. 

11th November 2020 / Competitiveness / Energy and Environment


Sustainable transformation is gaining strength: What changes will greening the economy bring?

There is probably no need to emphasise what exceptional times we live in. Society is changing at a dizzying pace and is able to adapt to pandemic conditions with unprecedented flexibility. The newly acquired capabilities resulting from rapid and complex changes are an opportunity for us to open a number of social topics that we have not been comfortable discussing thus far. Greening the economy is one of them. Part of society will naturally perceive it as a forced mantra but let us take a different look and consider it as an opportunity for improvement.

11th November 2020 / Economic policy / Macroeconomic Indicators, Economic Growth


Czech industry in recovery mode in September

Industrial production grew by 4% in September but was down 1.5% year-on-year after an average 5% contraction during the summer months, mainly driven by car production. This solid recovery might not last long due to the renewed Covid wave in the Europe. Since the beginning of the year, industry has fallen by 10.9%

10th November 2020 / Economic policy / Macroeconomic Indicators, Economic Growth


Inflation below 3% thanks to lower energy prices

In October, Czech consumer prices decelerated due to lower prices of energy. Inflation declined slightly below the market expectation as well as below the CNB forecast. However, the surprise was small while core inflation remained elevated at 3.7% yoy. Monetary policy has no reason for change, and the central bank will wait for further development.

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