News
The end of the golden era: is the Czech crown and the CNB in the grip of weak Germany?
The Czech economy has visibly benefited from strong ties with Germany over the past five years. The German economy grew on average by 1.8%, which is significantly more than in the previous decade (1.1%). That is why it was the driving force behind the growth of the entire euro area - contributing to its performance by about one third. But the favorable climate in Germany is getting worse. We assume that growth in the coming years will be much slower and will have problems overcoming 1%. And that will have its consequences in the Czech Republic.
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Governor Rusnok met AmCham companies, gave a clear thumb’s up to the country’s economic performance
On Friday, May 24, before a full house, Czech National Bank governor Jiří Rusnok gave a clear thumb’s up to the country’s economic performance, and discussed what could threaten the crown’s stability.
ING Bank Czech Republic: Czech confidence fell in May amid higher business uncertainty
Economic confidence fell in May, close to a three-year low, mainly due to a decline in confidence in industry and services. Household confidence increased slightly, but also remains close to mid-2016 levels.
ING Bank Czech Republic: Czech mortgage limits unchanged, capital rate increased
The Czech National Bank published the main conclusions of the forthcoming Financial Stability Report planning to be published on 11 June. Income limits affecting housing loans affordability did not change, but the CNB increased the countercyclical capital buffer again to 2%.
expats.cz: The Czech tax system is one of the world’s most complicated
Czech taxes are complicated, according to the Global MNC Tax Complexity Project, which has measured the complexity of tax systems in 100 countries around the world, expats.cz wrote.
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.
