News
Czech government prepares plan to access EU funds
On July 21, the European Council reached a deal on a recovery package, with two elements: a response to the coronavirus crisis (the Next Generation EU (NGEU) and a revised European budget (the Multiannual Financial Framework), in the total amount of 1,824.3 billion euro. In order to access the grant support, the EU countries must now prepare national recovery plans for 2021-2023 which need to be consistent with the country-specific recommendations and contribute to green and digital transitions.
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New formula provides a fairer way of calculating vacation
Starting as of 1 January 2021, an amendment to the Labor Code sets new rules for calculating employees’ claim to vacation, which will no longer be granted based on days worked but on actual hours worked.
Industrial output and foreign trade surprised positively
In June, Czech industrial output revived significantly faster than expected. Along with that, the trade balance improved above all estimates. The data confirm our forecast of a full-year GDP decline of “only” 5%. On the contrary, the construction sector decline became deeper.
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.
