News

Spotlight issue

10th July 2020 / Economic policy / Macroeconomic Indicators, Economic Growth


Czech inflation accelerated in June

Czech inflation surprised on the upside and accelerated from 2.9 to 3.3%, mainly on the back of higher tobacco and alcoholic beverages prices. Prices of services are also not slowing down as quickly, as expected

9th July 2020 / Competitiveness / Employment and Social Affairs


A third of Czech millennials suffer from long-term stress. Mainly due to material concerns

A third of Czech millennials feel under pressure, with 34% feeling anxious or stressed constantly or most of the time. Yet this is ten percentage points fewer compared to their peers worldwide. These are the results of the nighth edition of the Deloitte Global Millennial Survey 2020. More than 18 thousand millennials and Generation Z respondents from 43 countries participated in the study before the pandemic broke out, including 300 millennials from the Czech Republic.

8th July 2020 / Amcham advocacy news / Tax & Finance


AmCham CZ Position on Digital Tax

We write to explain our view that the digital tax being debated by the Parliament will harm the overall economy more than any potential benefit. The AmCham Czech Republic is an association of Czech and American companies interested in making the Czech Republic a top ten economy in the EU by 2025. The digital tax will make it substantially harder to achieve that aim. 

 

8th July 2020 / Good governance / Business and Industry


Stricter business conditions for real estate agents

Until this year, the field of real estate brokerage lacked a separate law. As a free trade, real estate brokerage could be carried out by virtually everyone, regardless of education or experience, and without any liability insurance. On 3 March 2020, Act No. 39/2020 Coll., on Real Estate Brokerage and on Amendment to Related Acts (the “Real Estate Brokerage Act”) came into effect, finally specifying requirements for real estate agents and laying down other obligations that they must comply with. By Delta Legal.

8th July 2020 / Competitiveness / Business and Industry


Business Leaders Optimistic About Recovery in Europe, Research from Accenture Finds

While European companies plan to accelerate digital transformation, their slower investment in innovation might not enable them to catch up with U.S. and Chinese businesses. Two-thirds (66%) of business leaders globally are optimistic that the European market will make a relatively fast recovery from the economic downturn caused by the COVID-19 pandemic, according to a new report from Accenture (NYSE: ACN).

Strategic Directions for Czech Economic Policy

  1. Transition to High-Tech Manufacturing and Exports
  2. The City Campus as Idea Factory
  3. Government Programs and Processes That Drive Innovation
  4. 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.

Members of the American Chamber of Commerce in the Czech Republic