News

Spotlight issue

7th August 2018 / Economic policy / Tax & Finance


E15.cz: Cryptocurrencies do not exist, blockchain is the future, says Jean Lemierre, Chairman of the Board of Directors of BNP Paribas

One of the largest European banks, the French BNP Paribas, strengthens its activities in the Czech Republic. With its new Hello bank brand it targets young clients and cooperates with fintech companies. "The Bank is designed to expand the use of digital technologies that are popular with young people. We are doing the same in Germany," says BNP Paribas Chairman Jean Lemierre to E15.cz 

7th August 2018 / Economic policy / Macroeconomic Indicators, Economic Growth


ING Bank Czech Republic: Czech foreign trade solid in 1H (under circumstances)

The foreign trade balance reached a CZK98.5 billion surplus in the first half of 2018, ending below last year's level due to stronger investments, higher oil prices and a deceleration in car exports. But this is still reasonable result given a 5% strengthening in the koruna, constrained capacity of Czech producers and weaker foreign demand. 

6th August 2018 / Economic policy / Macroeconomic Indicators, Economic Growth


ING Bank Czech Republic: Data diverges on base effects

Industry accelerated by 3.4% year-on-year and surprised on the upside while retail sales grew less than expected at just 2%. Both figures were affected by base effects  

6th August 2018 / Economic policy / Macroeconomic Indicators, Economic Growth


Fitch Upgrades Czech Republic to 'AA-'; Outlook Stable

Fitch Ratings has upgraded Czech Republic's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'AA-'from 'A+'. The Outlook is Stable. 

3rd August 2018 / Competitiveness / Employment and Social Affairs


Dismissing employees in the Czech Republic is one of the most difficult in Europe

In the Czech Republic, rules for dismissing employees are among the strictest in Europe. For example, it is almost impossible to part ways with an employee who just does not fit in the team. With costs related to an employee dismissal for organisational reasons, the Czech Republic ranks fourteen. Those are the findings of the fourth edition of the Deloitte International Dismissal Survey, which compares the situation in 46 countries in Europe, South America and Southeast Asia.

Strategic Directions for Czech Economic Policy

  1. Transition to High-Tech Manufacturing and Exports
  2. The City Campus as Idea Factory
  3. Government Programs and Processes That Drive Innovation
  4. 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.

Members of the American Chamber of Commerce in the Czech Republic