News

Spotlight issue

24th March 2020 / Competitiveness / Employment and Social Affairs


Employment of Foreigners during the Pandemic: 19 Most Frequently Asked Questions

Employment of Foreigners during the Pandemic: 19 Most Frequently Asked Questions The current situation and crisis measures taken by the government fundamentally influence, among other things, the employment of foreigners. Employers and employees are thus faced with many new questions: How will they be affected by the closure of borders? How will immigration permits be submitted and approved? And how will the measures influence business trips? We have summed up the 19 most frequently asked questions and answers related to this topic that have appeared in our special webcast.

23rd March 2020 / Good governance / Legal Reform and Transparency


Crisis measures against coronavirus in Germany and their potential impact on Czech citizens and businesses

Due to the global pandemic of the novel coronavirus known as COVID-19, Germany has taken decisive measures to protect its inhabitants. Germany is in a somewhat unique position mainly because of its internal organization, with some things (such as security and borders) falling under the competency of the federation, while others fall under the individual federal states (such as the school system).

23rd March 2020 / Good governance / Legal Reform and Transparency


Will coronavirus stop general meetings from happening in large companies in the Czech republic?

How will the declared state of emergency and associated restrictions on free movement 
affect General Meetings and corporate management? Many corporations are asking this 
question at the moment

23rd March 2020 / Economic policy / Macroeconomic Indicators, Economic Growth


Czech confidence fell, but less than expected

Czech confidence fell in March at the fastest pace since 2011, reaching the lowest level since 2013. However, data was collected in the first half of the month and understates the real impact of recent shutdowns amid Covid-19

23rd March 2020 / Economic policy / Macroeconomic Indicators, Economic Growth


March: the month of interest rate cuts

We expect the Czech National Bank to cut its key repo rate by a further 50bp at its monetary policy meeting on Thursday, mainly due to the still-worsening growth outlook for the Czech economy as a result of the COVID-19 pandemic. The koruna could therefore depreciate further vs the euro, prompting the CNB to react. We do not expect it to implement quantitative easing measures, however.

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