News
Legal Update - March 2022
- Government proposal for an amendment to the registration of natural and legal persons in public registers
The rules for Ukrainian refugees in EU countries
Due to the Russian invasion in Ukraine, the European Union has – for the first time ever since 2001 – activated the so-called Temporary Protective Directive No 2001/55/EC (the “Directive”) by the Implementing Decision (EU) 2022/382 of 4 March 2022 (the “Decision”).
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AmCham Health Care Council roundtable with Deputy Minister Dvořáček addressed priorities of the upcoming EU presidency and focused on ways to increase disease prevention
Czech healthcare withstood the massive stress of several waves of covid. Now the system will need to absorb a few hundred thousand sudden new users as Ukrainians take up temporary residence (of an indeterminate length) in the country.
Consuming stagflationary shock
The war in Ukraine has affected the global economic outlook. The fears of potential disruption to Russian energy imports have pushed commodity prices up, which is likely to further exacerbate the already severe inflationary pressures. A shortage of Russian energy would also lower GDP growth, especially in highly dependent Europe. Moreover, the war is likely to hinder the expected easing of supply-chain issues. Given this, we have decided to revise our forecasts for Czech key macro and financial variables ahead of the regular quarterly update. We have increased our inflation forecast from 8.8% to 11.5% for this year. In addition, we have lowered our estimate for GDP growth from 4.9% to 3.1%. In our view, the CNB is likely to continue raising interest rates. Previously, we had expected rates to reach a peak of 5%, but now we see them peaking at 5.5%. Bringing interest rates back to policy-neutral level is likely to be postponed until next year.
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Czech Legal Alert | "Lex Ukraine" - Laws governing the status of refugees from Ukraine
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.