News
Government measures to mitigate the impact of the energy crisis on business
Last week, the Czech government introduced a series of measures to support energy consumers affected by the sharp rise in electricity and gas prices. First, it set maximum electricity and gas prices for households, sole traders and small and medium-sized companies, then approved and published a support programme for large energy consumers. Proposals for further measures can be expected once they have been discussed and approved at EU level. Below we summarise the ways of helping individual consumers that have been confirmed so far:
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Remote work from abroad: Potential consequences for employers
In recent years, working from home has become a commonly used tool. The previously required benefit among employees has become a necessary tool for maintaining operations in many companies during the COVID-19 pandemic. Employees had to fundamentally change their working habits and adapt to the new situation overnight. Although working from home was not a novelty for everyone, the extent to which it started to be used at this time was unprecedented, and almost everyone had to adjust.
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.
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.
