News

Spotlight issue

7th March 2018 / Good governance / Tax & Finance


Good governance: What we should be discussing about highway tolls

In all the commotion over who will win the highway toll tender, commercially and politically, any chance of a reasonable discussion about why we would want a toll system, and what sort of toll system is best for the country, has been lost. This is a defeat for us all. The purpose of public procurement is to use private money collected through taxes and expend it on public goods that will deliver a higher value to the economy and society than if that money had been spent by individual citizens. Since we have had no public debate on what the value of highway tolls are, we have no way of assessing how much value we would receive from any winner of the tender.

7th March 2018 / Competitiveness / Macroeconomic Indicators, Economic Growth


Political Risk Map 2018: Tensions and Turbulence Ahead

In 2017, the global political risk landscape was turbulent, and is likely to remain so over the next 12 months. Marsh’s Political Risk Map 2018, based on BMI Research findings, highlights changes during the past 12 months and looks ahead to continuing risks and new concerns. For example, tensions between North Korea, the US, and other countries have risen as North Korea continues to conduct missile tests.

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


Despite strong wages, inflation eased further

Average wages in the last quarter of 2017 accelerated massively on the back of an increase of salaries in the public sector, but the impact on inflation is so far limited. Core inflation eased due to strong base effects. Headline inflation is thus set to decrease to 2%. Monthly data from the real economy are set to confirm the sound dynamics of the economy at the beginning of the year, Komerční banka says.

7th March 2018 / Good governance / Legal Reform and Transparency


GDPR – Office for personal data protection publishes a risk assessment methodology

On 7 February 2018, the Office for Personal Data Protection (the "Office") published a draft methodology for assessing the risk of personal data processing. The risk of processing is a key factor to correctly determine the corresponding obligations of each data controller and processor under the GDPR

6th March 2018 / Competitiveness / Employment and Social Affairs


Eurostat: 46.4% of employed persons in the Czech Republic participated in training courses related to their jobs

In 2016, the Netherlands (61%), Sweden (59%) and Finland (58%) had the highest participation rates in job-related training. The lowest rates were in Greece and Romania (8% each) as well as Italy (11%). The Czech Republic ranked 5th among the EU member states (46.4%).

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