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CzechInvest/San Francisco Business Times Supplement: Czech Republic: Crossroads of tradition and innovation
CzechInvest Government Agency and San Francisco Business Times have published a supplement summarizing investment conditions in the Czech Republic. Among 3 key industries that investors should know are Auto manufacturing, Life Sciences, and ICT.
The drop in unemployment halted in December
The share of unemployed bounced from November’s record-low figure and printed 3.8%. After many months, December’s figures did not even show a decrease on a seasonally adjusted basis. However, the number of vacancies has been growing and reaches new records. The labour market situation is thus still extremely favourable for households, while it represents a growth risk for some businesses, according to Komerční banka.
Manpower Employment Outlook Survey for Q1 2018: Czech employers report cautiously hiring plans for 1Q 2018
Czech job seekers can expect some hiring opportunities in the forthcoming quarter, according to employers who report a seasonally adjusted Net Employment Outlook of +5%. Hiring plans improve by 3 percentage points when compared with the previous quarter, and are 2 percentage points stronger in a comparison with 1Q 2017, ManpowerGroup Czech Republic survey says.
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.
