News
AmCham CZ Statement on US Tariffs on Steel and Aluminum
The Trump Administration announced yesterday that a tariff of 25% on steel and 10% on aluminum would be applied on products from the European Union, as well as Mexico and Canada, starting on June 1. This follows several weeks of waivers while the parties attempted to reach an agreement which would prevent such a tariff.
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Inflation back on target despite GDP growth easing
The flash GDP estimate showed only mild growth in the first quarter. The second reading should reveal that domestic demand is behind the growth while external trade curbs its dynamics. April was a successful month for retailers, who after a weaker first quarter gained nice yoy sales growth. An additional two working days supported the dynamics of industrial production, while April´s warmer weather encouraged growth in the construction sector. May’s figures should confirm April’s inflation return. Thanks to higher fuel and food prices, headline inflation should return to the CNB target.
EUR/CZK call revised higher as major stress hits markets
On the back of the recent market turmoil and the increase in political stress, we have revised our EUR/CZK call higher for the coming months. However, the medium-term forecasts remain virtually unchanged.
Coca-Cola Hellenic Bottling Company first to produce brand new category - plant based beverages AdeZ
AmCham toured the upgraded and expanded Coca-Cola bottling facility with Coca Cola's Managing Director in the Czech Republic Josef Karásek. Coca-Cola is celebrating 25 years of operating in the Czech Republic.
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.
