News
Czechs will Spend 174 Days Working to Pay Taxes as this Year’s Tax Freedom Day Falls on 23 June
This year, taxpayers in the Czech Republic will spend 174 days working to pay taxes, which is one day fewer than last year. According to Deloitte’s calculations, Tax Freedom Day will fall on 23 June 2019. Approximately the same as in the Czech Republic will apply to Germany and Slovenia. Taxpayers will have to spend the most days paying taxes to the government in France, while the fewest in Romania and Bulgaria.
PwC Global Economy Watch: January 2019 predictions
PwC's Macroeconomics team presents Global Economy Watch, a short publication that looks at the trends and issues that are affecting the global economy and details our latest economic projections for the world's leading economies.
expats.cz: Czech Republic rated the 2nd most-welcoming country in the world
The Czech Republic isn’t exactly known for its customer service. Which is why a new ranking from Dutch start-up Booking.com may come as a bit of surprise to anyone who’s been given the evil eye from an icy receptionist or grouchy waiter, expats.cz writes.
2019 will be Defined by Smart Speakers, Rise of 5G Networks and Development of Cloud-Based AI
In 2019, smart speakers will be the fastest-growing connected IoT device category. Their market will be worth USD 7 billion. Fifth-generation (5G) wireless networks will burst onto the scene in 2019, and by 2020, around 50 operators will offer this service. Among companies using artificial intelligence (AI), more than two thirds will obtain these capabilities through the cloud. These are some of the conclusions of Deloitte’s Technology, Media & Telecommunications (TMT) Predictions 2019.
Labour market remains tight despite unemployment increase in December
The result of external trade in November was a pleasant surprise, although for the entire year 2018 the trade balance will end up with a lower surplus than the year before. Labour market pressures did not let up at the end of the year. The higher share of unemployed in December was caused by seasonal effects, and the increasing number of vacancies shows that demand for labour remains strong.
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.