News
Czechs still like to shop in shopping centres, despite the growing popularity of e-shops. Turnover and footfall are growing
According to the newest CBRE Shopping Centre Index study, which has been compiled for the seventh year by the CBRE company, the world leader in the field of retail services, shopping centres in the Czech Republic have been successful again. Turnover in Czech regional shopping centres grew for the fifth consecutive year. Comparing the year 2017 with the previous year, turnover grew 4.2%. Rents grew only minimally. The vacancy rate is stable. The “Rent-to-sales ratio” reached a historical minimum and the average basket achieved its historical maximum. This once again proves that Czech retail is doing well.
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Global M&A appetite at 10-year high fueled by portfolio reshaping
- 59% of companies worldwide plan deals in the next year fueled by portfolio reshaping
- Strong M&A intentions accelerated rather than stalled by uncertainty
- Despite Brexit uncertainty, UK is top investment destination for the first time in 10 years
Despite mounting geopolitical complexities, the appetite for global mergers and acquisitions (M&A) is at a 10-year high, according to the 20th edition of the EY Global Capital Confidence Barometer (CCB), a biannual survey of more than 2,900 senior executives across 47 countries. Companies continue to use acquisitions to build the foundations for future growth amid rising uncertainty. Almost six in ten (59%) global companies are now planning to acquire in the coming year — up from 52% 12 months ago.
M.Mejtsky of Petyovsky & Partners: The Czech Republic: New Appointments Currently not Available at some Czech Embassies
In relation to finalisation of the legislative process of the Czech Immigration Law amendment, which is expected to be effective as of the 1st of September 2019, some of the Czech Embassies has temporarily stopped accepting appointment requests for submission of Employee Card applications and Long-Term Visa applications for the purpose of "Business", M.Mejtsky of Petyovsky & Partners writes.
PwC and the Urban Land Institute: Emerging Trends in Real Estate 2019: “People are beginning to think about Prague not too dissimilarly from western European markets."
In recent years investor perceptions of Prague have undergone a gradual transformation, with the Czech capital’s erstwhile emerging market status fading into distant memory, Emerging Trends in Real Estate 2019 report by PwC and the Urban Land Institute says.
ManpowerGroup Czech Republic Employment Outlook Survey for Q3 2019: Czech Employers Report Conservative Hiring Plans
Job seekers can expect a soft labor market in the third quarter of 2019, according to Czech employers who report a seasonally adjusted Net Employment Outlook of +3%. Hiring intentions remain relatively stable in comparison with both 2Q 2019 and 3Q 2018, according to ManpowerGroup Employment Outlook Survey for the third quarter of 2019.
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.
