News
Czech Republic drafts law on class actions
The Czech Ministry of Justice has just finalised the draft act on class actions, which is based on a EU Directive and promises a faster, easier, more efficient and more budget-friendly solution for consumers in disputes against entrepreneurs. The Czech Republic was obliged to implement this regulation no later than 25 December 2022, and is already behind schedule in the legislative process.
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As margins decline due to slowing growth and continued inflation, the CIO budget will come under pressure in 2023
Uncertain environment
The year 2021 saw a post-COVID boom with a 27 percent increase in S&P 500’s equity valuations. The Fed funds rate fluctuated around zero, reducing the costs of borrowing, and the massive growth led to increased spending across industries. Shifting to 2022, the experience has been different, the Fed funds rate has increased significantly, and the conflict-fed inflation genie has yet to be put back in the bottle. The slowing economy and continued inflation foreshadow a difficult profitability environment for 2023.
Ministry of Health introduces changes to occupational health checks
The Ministry of Health has introduced important changes concerning occupational health checks in the Czech Republic. The new rules took effect as of 1 January 2023 and have reduced bureaucracy for employers. Read on to learn more about the most significant changes.
Czech tech startup Mews raises four billion for expansion
Mews is a property management system designed to simplify and automate all operations of modern hoteliers through a cloud-based system that enables complete management of reservations, check-ins and handling of various guest requests.
Keeping you up to speed - Russian and Belarus sanctions update
Following the invasion of Ukraine by Russia, the UK, EU and US have all responded by announcing significant sanctions in respect of Russia and Belarus.
This briefing summarises the key developments and supplements our previous briefings.
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.
