State of Emergency was declared on March 12 and was terminated on May 17, 2020. The government announced on May 11 they were not planning to ask the Chamber of Deputies for extension of the state of emergency.
Last update on August 3, 2020.
AmCham Board's August assessment of the Covid-19 crisis has three key points.
Dear Secretary Ross:
The undersigned associations represent thousands of U.S. companies of all sizes and from a broad range of industry sectors. Despite the many differences in the products and services we create and in the customers we serve, we are united by the need to transfer data across international borders.
The Czech economy improved slightly in May but still lags behind the pre-crisis level of economic activity. Despite a month-on-month increase of more than 10%, industrial production is about a quarter lower. Of the industries, the automotive industry is currently the worst performing. Unfortunately, the fall in new orders by almost 35% in May does not give much optimism to the future. Currently civil engineering, whose production increased 1.2%, cannot complain about demand. In building construction, on the other hand, production decreased 11%. Despite weak demand from the domestic and foreign economies, however, unemployment in the Czech Republic remains low for the time being, at 3.7% in June, according to the Ministry of Labour and Social Affairs. In our opinion, the main reason is the Antivirus programme.
Strategic Directions for Czech Economic Policy
- 1) Transition to High-Tech Manufacturing
- 2) The City Campus as Idea Factory
- 3) Government Programs That Drive Innovation
- 4) Government as a Competitive Advantage
In Policy Pipeline policy developments in the Czech Republic and abroad are monitored to bring better understanding of current topics and trends.