News
Investment Incentives – Are Better Times just around the Corner?
There is currently an amendment to the Act on Investment Incentives under review. The amendment proposes abolishing the obligation to submit each investment incentive application for approval to the Government of the Czech Republic. Instead, the Czech Government would only continue to approve applications for investment incentives in the form of strategic investments, whereas all other applications would be approved by a relevant ministry (so long as the relevant conditions are met), as was the case previously.
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Where defects are present upon acceptance of a rental property, it is possible to withdraw from the lease contract
According to judgment 26 Cdo 2177/2021 of the Supreme Court of the Czech Republic of 4 April 2022, one may refuse to take over non-residential rental premises due to defects that would preclude their proper use and to withdraw from the lease agreement as well. The Civil Code only foresees the cancellation of the lease as one of the possible ways of terminating the lease agreement.
New law to support part-time work through social security contribution discount
On 22 July 2022, Act No. 216/2022 Coll. was published in the Collection of Laws, which aims to incentivise employers, through a 5% discount on social security contributions, to create a greater number of part-time jobs for people who are, for different reasons, unable to work full-time. This act comes into force on 1 February 2023.
Czech Competition Office traces compliance with upcoming rules on trade practices in food and agricultural sector
Between 2021 and 2022, the Czech Office for the Protection of Competition (“Office”) carried out an extensive investigation into the food and agricultural sector. Its aim was to analyse trade practices within food purchasing and redistribution markets. These were then evaluated against the upcoming new regulation of trade practices in these sectors. The Office’s investigation report shows which practices will have to be changed, offering some guidelines on compliance. This article outlines the key takeaways.
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.
