News
CNB unexpectedly increases rates
The Czech National Bank unexpectedly raised interest rates at today's meeting by 25bp to 2.25%, with four of the seven board members voting for the hike. We expect the key rate to remain unchanged now before a cut at the turn of the year.
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A major amendment to the Czech Corporations Act is imminent
A simpler way to pay up the deposit in low-capital LLCs; the entry of concrete individuals representing legal entities on the boards of companies into the Commercial Register; or the dissolution of inactive companies: these are a few of the concepts introduced by the amendment to the Corporations Act in the Czech Republic.
Five Nominees in the Eleventh Edition of the Act the Year
The vote in the eleventh edition of the Act of the Year begins. This year, the professional public can choose the best legislative act with a positive impact on business in the Czech Republic from five nominees. The results will be announced on 12 May.
CEE Investment 2019
After impressive first six months of 2019 for the CEE investment market, the second half of the year marked itself with even greater investment volumes. Overall, in 2019 there was a number of transactions for a total of nearly €14.0 billion.
Czechs will Spend 181 Days Working to Pay Taxes as this Year’s Tax Freedom Day Falls on 30 June
This year, taxpayers in the Czech Republic will spend 181 days working to pay taxes, which is one day more than last year; after final recalculation, it was 180 days in 2019. According to Deloitte’s calculations, Tax Freedom Day will fall on 30 June 2019. Approximately the same case as in the Czech Republic will apply to the UK and Norway. Taxpayers will have to spend the most days paying taxes to the government in Denmark, while the fewest in Romania and Bulgaria.
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.
