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Czech Republic Q2 2020 All Markets Summary
Q2 2020 summary covering all market segments:
Property Investment Market View: Second quarter volumes down reflecting COVID impact
Retail Market View: Consumer appetite remained strong following the „reopening“ of shopping centres
Industrial & Logistics Market View: Vacancy has increased only slightly, despite the large number of completed warehouses
Office Market View: New office completions include five new and two refurbished buildings in Prague in Q2
Competition vs. environment: City of Prague violated competition law in connection with the rules for parking hybrid vehicles
According to this decision, the City of Prague violated the Czech Act on the Protection of Competition by setting the conditions for certain hybrid vehicles in paid parking zones without objectively justifiable reasons. Under the conditions, only those hybrid vehicles that were capable of driving only on electric propulsion and for which the power of the internal combustion engine did not exceed 135 kW had free parking. According to the Office, the conduct, which took place in the period from 17 April 2018 to 30 April 2019, was capable of distorting competition in the city of Prague as it favoured sellers of hybrid vehicles with internal combustion engines up to 135 kW. The end customers could realistically take into account the possibility of free parking when choosing a new vehicle. It also favoured entrepreneurs using these hybrid vehicles as they could benefit from saving their business costs because of the free parking.
The Czech government has approved its bill to promote the building of new nuclear blocks. The state will guarantee electricity prices and customers will pay the difference.
On July 27, 2020 the Czech government approved a bill on measures to transition the Czech Republic to low-carbon energy (the “Bill”). By bpv Braun Partners.
New COVID programme – Accommodation
The government has approved the Ministry of Local Development’s proposal to provide new support to providers of accommodation services. The state will contribute CZK 100 to CZK 300 per every room according to the standard of accommodation over the period of the closure of an accommodation facility due to the government decree. A call to participate in this programme is expected to be announced in August.
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.
