News

Spotlight issue

13th September 2022 / Economic policy / Digital Agenda


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.

 

9th September 2022 / Good governance / Legal Reform and Transparency


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.

9th September 2022 / Amcham advocacy news / Digital Agenda


Ekonom: Digitization of public administration will enable people have time to go out with friends

Czech Republic is about ten years behind the digitalization of public administration, while Estonia, on the other hand, is a model for the world. Except for marriage, divorce and property purchase, there is no official act in this small Baltic country of 1.3 million people that cannot be done online. Even small children learn about robotics there. Marten Kaevats, a former digitalization advisor to the local government, claims that this transformation is not so much a matter of new technologies as of people's willingness to work with them. 

8th September 2022 / Good governance / Social Responsibility


White & Case advises Ukraine on consensual debt deferral

Global law firm White & Case LLP has advised the Ministry of Finance of Ukraine on a comprehensive liability management transaction that, among other things, defers for two years Ukraine's contractual obligation to make payments under approximately US$25 billion of its international bonds, GDP-linked warrants and sovereign-guaranteed debt obligations.

8th September 2022 / Competitiveness / Energy and Environment


Prague Airport Continues to Reduce Emissions Adding 15 Electromobiles in Its Fleet

Pursuing its sustainable development strategy, Prague Airport has long been striving to reduce its carbon footprint, by using electric cars alongside other things. As many as fifteen electromobiles were thus added to the airport fleet this week, and the number is to be matched again next year. Of this year's fifteen vehicles, five are intended for carsharing, the rest will be used in various airport operational departments. Another Nissan electric car has been used at the airport in the baggage sorting area for four years.

Strategic Directions for Czech Economic Policy

  1. Transition to High-Tech Manufacturing and Exports
  2. The City Campus as Idea Factory
  3. Government Programs and Processes That Drive Innovation
  4. 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.

Members of the American Chamber of Commerce in the Czech Republic