News
Not enough hands for a June hike, but August looks very possible
Strong wage growth has finally begun to pass through into inflation, while the exchange rate has depreciated on the back of the EM sell-off triggered by political turmoil in Italy and the initial trade skirmishes. The resurgence of inflation has induced hawkish talk from some board members. The common message is that CNB is likely to hike earlier than is indicated by the current forecast. This makes the upcoming June meeting much more interesting than we had previously thought. While we do not believe in a rate hike, we expect lively discussion and a hawkish outcome to the meeting. That said, the rate hike now looks closer than we previously expected. We expect the bank to increase rates as early as its August meeting.
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Customers are looking for largest warehouses in Plzeň and Ústí regions
CBRE, a global leader in commercial real estate services published its latest CBRE REAL DEMAND BAROMETER – a study monitoring demand for warehouses all over Czech Republic over past two years. It shows large differences between regions (kraje) – while in Karlovarský region was the typical (median) request for warehouses exceeding 13 thousand square meters, in Olomoucký region the median demanded warehouse floor space was only 600 square meters.
NFPK: (Non)obligation to report
The deadline for 2017 corporate financial statements will expire within one month, but almost 90 percent of companies have not yet published any. To date, an astounding 65 percent of businesses have failed to insert their accounting documents in the collection of documents pertaining to 2016. Twenty-five percent of firms, i.e. more than 124,000 business entities, have not met their information duty even once in the past six years. The statistics were provided by the consulting company Bisnode, which has the most extensive Czech database of corporate financial and exchange-of-payments.
IEA Global EV Outlook 2018: number of electric and plug-in hybrid cars on the world’s roads exceeded 3 million in 2017, a 54% yoy increase
The IEA Global Electric Vehicle (EV) Outlook 2018 provides a comprehensive look at the state of EVs, charging infrastructure and policies around the globe today as well as a series of scenario outlooks to 2030.
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.
