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CTPark Brno: Science Tehnology Park
CTP is taking significant steps towards the high-tech future of the industry in CEE, with development plans for a Science Technology Park at CTPark Brno, which we are beginning to roll out.
Over the past decade, Brno has earned the reputation of being the 'Silicon Valley' of CEE, and this is well-founded, as evidenced by our clients in the region, including Honeywell, Thermo Fisher Scientific, and Inventec, to name a few. CTP has brought on Cees Admiraal, who previously led business development at the internationally renowned High Tech Campus Eindhoven, to bring together the educational, local administration, and business communities into this plan and steer it forward cohesively. How are we achieving this? See the 3 key steps outlined in this article.
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Financial reporting of European banks: benchmark study H1 2023
Has the European banking sector achieved renewed stability amidst a troubled macroeconomic context? Over the past three years, the banking sector has had to endure numerous crises, including Covid-19 and the war in Ukraine. What do the 2023 interim results of the 26 largest banks in Europe indicate about the impact on Expected Credit Losses (ECL) in this unusual environment?
We have analysed the 2023 interim reports of 26 banks in 11 European countries to better understand the impact of financial turbulence and ongoing geopolitical crises on their Expected Credit Losses. This study is the seventh in its series and follows on from previous editions of the report since its launch in 2020.
AmChamIntel: Macro - Too high too long
The ECB’s Christine Lagarde described inflation as holding too high for too long. CNB vice-governor Eva Zamrazilová viewed Czech inflation similarly during our AmChamIntel talk.
The CNB predicts a higher rate and the consolidation of public finance will bring inflation back to approximately 2% by Q3 2024.
State of Grocery in Central Europe 2023: The battle for the new shopper
Central European retailers and manufacturers must reassess their offerings to effectively meet customer demands and shrinking budgets, focusing on perceived price attractiveness and store formats.
Looking back at 2022
The outlook for 2022 given pandemic-related inflation was rather pessimistic. In the 2022 McKinsey & Company CEO Survey of 57 European grocery leaders, 60 percent foresaw worsening market conditions. Time has proven them right, yet they underestimated the extent of economic challenges, as Russia's invasion of Ukraine intensified negative trends, pushing food and energy inflation beyond expectations, and driving consumer preference for cheaper options. Rising inflation surpassed per capita disposable income growth, squeezing household budgets; Central European disposable income increased 10 percent over four years, while 2022's food inflation hit 15 percent. Grocery sales in major Central European markets grew only 4 percent in 2022, down from 9 percent in 2021 due to Ukraine, with similar trends affecting the wider EU retail market (Exhibit 1).
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.
