News
Domestic economy did not surf the strong global growth wave in 4Q
The flash estimate for Czech GDP growth in the last quarter of 2017 showed a relatively weaker performance of the domestic economy compared with its regional peers. The qoq GDP dynamics printed 0.5% while yoy growth recorded 5.1%. According to the CZSO’s comments, the strong dynamics were driven by all demand components. That corroborates our estimates, but we expected a slightly stronger magnitude of demand. In a qoq comparison, Czech GDP did not even match the dynamics of the German economy. The lack of an available labour force probably played a role to some extent. Employment remained at the same level as in the preceding quarter while it increased 1.5% in yoy terms, Komercni banka says.
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Grayling CZ Political Digest
Despite the numerous hiccups accompanying the current government of prime minister Andrej Babiš – the failed vote of confidence last month, the lengthy negotiations with other potential coalition partners, and not forgetting the infamous police investigation into the potential EU subsidy fraud surrounding the Stork’s Nest case – it seems nothing can diminish the determination of this administration to govern.
fDi Strategy: Prague, Ostrava, Brno, Plzen among cities of the future 2018/2019
Ostrava ranks 6th and Brno 10th in the fDi Strategy ranking of mid-sized European cities of the future. Plzen ranks 4th among small cities and Pardubice 8th in the micro cities of the future category, fDi Strategy report says.
AmCham CZ: CVUT and GE Aviation: Creating the ecosystem for prosperity
Yesterday, with its research partner GE Aviation in attendance, the Czech Technical University (CVUT) announced an agreement which will put four turboprop engine ground test cells into university labs, as well as provide the university one airplane fitted with a turboprop engine for testing. In the next few weeks, engineers from CVUT and GE will begin their work inside this new, state-of-the-art test cell.
GE: Engine Czech: This university partnership is set to propel turboprop engineering to new heights
Why Prague? The Czech capital is the place where GE decided to jump into the turboprop engine market in 2008, when it took a bet on a storied but struggling turboprop manufacturer, Walter Engines. Dean of CVUT Engineering Faculty Michael Valasek said that since GE announced its plans to assemble the ATP engine in Prague in 2016, the number of undergraduate students enrolled to study aircraft engine construction at CVUT jumped from one to 15.
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.
