News
Czechs Pay More than 11 Average Annual Income for a New Flat, the Most in Europe for the Third Consecutive Year
Czechs must pay an average of 11.2 average annual salaries to purchase a new apartment with the size of 70 m2. Compared to selected European countries, the situations is the worst in the Czech Republic. In the runner-up country – Latvia – 10.1 annual salaries are needed to acquire a new flat. In contrast, flats are the easiest to acquire in Portugal (3.8 annual salaries). These are some of the conclusions of the latest Deloitte Property Index 2019.
Employee sickness now more costly for employers in the Czech Republic
The three-day waiting period for sick leave compensation has been abolished as of 1 July 2019, and ailing employees thus receive payments from the first day of sickness.
Quality of Life Index 2019: Říčany in the lead again, Přelouč jumped up the most
For the second time in a row, the Central Bohemian town of Říčany can boast the highest quality of life. Přelouč in the Pardubice Region recorded the most significant improvement compared to last year – it jumped 88 places up in the ranking. The Moravian-Silesian town of Orlová took last place again. These are the conclusions of the second annual Quality of Life Index. It was prepared by Obce v datech (“Municipalities in Data”) with Deloitte as its primary consulting partner.
AmCham President Michal Chour outlines 2019 agenda
Michal Chour has been involved in AmCham's tourism advocacy for over a decade. He recognizes that this industry, like so many others, now needs to transition from a volume business to a value-added one. His goal as AmCham president is to help align interests so the sum for the country is greater than all the parts.
PwC: Global Top 100 companies (2019) by Market Capitalisation
The US continues to dominate, with 54 companies in the Global Top 100, representing 63% of overall value, up from 51% ten years ago. Europe’s roster reduced by 11 companies, with a decline in its value share of 12% over the same period.
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.