News
Time for Higher Interests Rates
Is it overheating or not? The talk is about the Czech economy. Judging by the development of consumer prices (and their) forecast, it does not appear to do so. But the labour market and apartment prices tell a different story. It is apparently about time that the economic policy take its foot off the pedal and start putting the brakes on. Limited reliance can be usually placed on fiscal policy, namely in the year when elections are to be held. So only the central bank remains. And it decided to intervene in early August, increasing interest rates for the first time since 2008.
The Independent: Czech Republic named most unhealthy country in the world | Czech reaction
The Czech Republic is the least healthy country in the world, according to new research conducted by Clinic Compare, The Independent Daily informs. The clinic comparison website gathered their data from the World Health Organisation by analysing alcoholic consumption, tobacco consumption and the prevalence of obesity in 179 countries around the world. Czech experts go further...
Manufacturing Roundtable at Moduslink Brno
The representatives of the main manufacturing companies located in Brno accepted an invitation by Weston Stacey from the American Chamber of Commerce to meet and discuss two topics connected to their business, these being Automation & Industry 4.0 and the challenging situation in the labour market.
Reuters: Czech government approves 2018 budget with shrinking deficit
PRAGUE, Sept 25 (Reuters) - The Czech cabinet approved on Monday its 2018 central state budget draft with a planned deficit of 50 billion crowns ($2.29 billion), the last finance plan for the centre-left ruling coalition before an October election.
OECD: G20 GDP growth accelerates to 0.9% in second quarter of 2017 | Interim Economic Outlook
Growth of real Gross Domestic Product (GDP) in the G20 area* accelerated to 0.9% in the second quarter of 2017, compared with 0.8% in the previous quarter, according to provisional estimates, OECD writes.
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.