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Financial health of Czechs is threatened mainly by high energy prices, payments for energy burden Czech households' budgets almost the most in the EU
In the area of financial health, the Czech Republic ranked 13th in the EU comparison. Despite the fact that Czechs save on average about a fifth of their wages, over 60% of low-income households in our country have no financial reserves.The high energy costs, which rank us 3rd worst in the EU, are also a barrier to a better ranking. Moreover, the energy and inflation crisis is worsening the situation. This is according to the eighth pillar of the Czech Prosperity Index, which analyses 10 socio-economic indicators comparing the Czech Republic with other EU members.
Ekonom: Czechia has a chance for digital transformation. But it cannot be stifled by a flood of regulations
TEN YEARS, THIS IS HOW EXPERTS ESTIMATE THE DELAY OF THE SOCIETY’S TRANSITION TO THE ONLINE SPACE. ACCELERATION MUST BE COMPLEMENTED BY MODERATE REGULATION.
The digital revolution is a necessity for Czechia, without it the modernization of the economy is not possible. However, the path to it is dotted with various administrative points, so it is not easy to move along it quickly.
What to Keep an eye out for in Tech and Comms Regulation
The tech & comms sector in the Czech Republic is slowly sliding into the changes brought by the amendment to the Act on Electronic Communications, no. 127/2005 Coll. ("Act"). While the amendment and most of its provisions have been effective since the start of the year, some parts have become relevant during the summer. As deadlines for compliance are expiring, fines from the Czech Telecommunication Office ("CTO”) may soon be expected. Other highlights include the CTO’s fourth attempt at publishing its analysis of the wholesale mobile services market or the introduction of a new competence for blocking websites.
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.
