News
For the fourth consecutive year, Czechs have to save the most in Europe to buy an apartment, more than 11 annual salaries
Czechs have to spend 11.4 average annual salaries to purchase their own 70 sqm apartment. Compared to 22 selected European countries, home ownership is the least affordable in the Czech Republic, closely followed by Serbia, where 11.3 local annual salaries are required to buy a new apartment. These are the findings of the latest Deloitte Property Index 2020 study.
EU summit: A historic deal reached
A marathon negotiation has resulted in an agreement on the EU budget and recovery fund. It is a significant step of solidarity and integration, but the hard-fought negotiations show that this provides no guarantee of unity moving forward and it is unclear how much political porcelain has been smashed for good.
AmCham Weekend Getaways: Where to go, what to do, what to eat and where to stay on your family holiday
Tips on interesting places to visit, delectable places to eat, and the finest rooms to spend the night in region.
Schrems II judgment: Privacy Shield invalid, SCCs survive, but... what happens now?
On 16th July 2020, the CJEU delivered its judgment in the "Schrems 2" case [1]. Most organisations rely on data transfer agreements - Standard Contractual Clauses – to transfer personal data to countries outside the EEA. Organisations which transfer personal data to the US can also often rely on the EU-US Privacy Shield. The CJEU was asked to consider if law and practice in the US relating to access to personal data by the intelligence services should mean that either, or both – of these mechanisms should be invalidated.
AmCham CZ: Return to Bohemia and Moravia
Covid has had and likely will have a devastating short-term impact on the Czech tourism industry. The tourist sector depends on foreign guests for a large share of its income. This is particularly true of Prague. The domestic tourism market should revive this summer, although decreased family incomes– or fears of decreased incomes– may result in less spending and shorter stays through the winter ski season.
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.