The percentage of people 65 or over has increased by 4.3% since 2007, and almost 19% of Czechs are now in this category. That is one of the highest percentages in the benchmark. Median age in the country is 41.9 and 4% of population is aged 80 or over. Men and women between 55-64 were the reason the Czech economically active population grew in the past decade. Both active males and females between the ages of 15-54 declined. The country’s population has been shifting toward urban areas, and dramatically toward the Prague and Central Bohemia regions. Both Central Bohemia and Southern Moravia recorded large increases in their labor force while maintaining a high level of employment. View more findings in the latest report by the American Chamber of Commerce in the Czech Republic. 

This letter on economic priorities is a policy document of the American Chamber of Commerce in the Czech Republic (AmCham). The priorities are intended to create a framework for deciding which policy initiatives the AmCham will pursue, and to set some long-term policy objectives for our cooperation with governments and other associations.  

The great European energy transition continued in 2017 and, across the continent as a whole, shows little sign of slowing up in 2018. Ever lower levels of subsidy and guaranteed power prices awarded after fiercely competitive tenders have not deterred developers or financiers, who still see opportunities even in the more mature renewables markets.

Growth has been strong, broad-based and job rich. The economy grew at 4.4 percent last year, led by strong domestic demand. The unemployment rate fell to a record low of 2.3 percent in April 2018, even with increased participation, and real wage growth reached 6.5 percent in the first quarter of this year. Meanwhile, headline and core inflation are close to the target of 2 percent.