News
AmCham Board revises Economic impact assessment and recovery priorities
The next few months will tell the tale of how much impact Covid19 will have on the economy.
Financial ecosystems to change banking, according to the Accenture survey
According to a survey conducted by Accenture, 88% of banks believe that ecosystems will change the bank-customer relationship in the future and that ecosystem-related initiatives will be the main driver of future value creation in the banking industry.
PCB: Threat of Eventless Future for Czech Republic
Tourism economy was heavily hit by COVID-19 pandemic in early 2020, paralysing the development of meeting, event and trade fair industries in the Czech Republic. According to the latest Economic Impact study conducted for the CzechTourism agency and the Czech Event Association in summer 2020, a total drop by more than 71% in consumption associated with holding events can be expected, according to the Prague Convention Bureau (PCB).
Industry and foreign trade pleased with their results
Industrial production and foreign trade continued to recover rapidly in July. Compared with last year, industrial production was still lower, but it is wiping out its losses faster than expected. The situation in the automotive industry has improved significantly, when production there fell just 0.7% yoy. The surplus in the balance of motor vehicles was even CZK 6.1 billion higher yoy. Among the published data, the construction was an outsider, falling more than 10% yoy.
Practice mathematics playfully with a unique Czech application
Mathematics doesn't have to be scary. One way to make it more enjoyable for teenagers is the Mathman application. In a game designed by Jan Maloušek, a student of Brno University of Technology, the players have to help a superhero defeat monsters - by solving several tasks. With his application, Maloušek caught the jury's of the T-Mobile Rozjezdy competition attention and won one of this year's awards in the regional round in the South Moravian Region. The T-Mobile Rozjezdy competition helps start-up entrepreneurs.
Strategic Directions for Czech Economic Policy
- Transition to High-Tech Manufacturing and Exports
- The City Campus as Idea Factory
- Government Programs and Processes That Drive Innovation
- 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.