W.Stacey, AmCham CZ: "When individual objectives align, good feedback cycles are created, and common goals can be reached."
One of AmCham's economic development goals is to make Prague a top hub of European business. At our General Assembly in June, we gathered representatives from some key strategic assets: Petr Fabrický of the Prague Airport, Michal Pěchouček of prague.ai, Rainer Bogner of ExxonMobil's shared service center, Lenka Žlebková of Prague Congress Center, and Matěj Chytil of Prague City Hall. Each is moving from a high volume approach to a higher premium approach in their business. Each can help the other achieve their goals. Train service to airport, for instance, also boosts congress business, which boosts business travel.
The US continues to dominate, with 54 companies in the Global Top 100, representing 63% of overall value, up from 51% ten years ago. Europe’s roster reduced by 11 companies, with a decline in its value share of 12% over the same period.
An international expert conference is organised by the Ministry of Labour and Social Affairs in cooperation with the Ministry of Agriculture on October 3-4, 2019, Prague at the Congress Centre of the Czech National Bank. The conference will focus on the strategic approach and social aspects in public purchasing. The aim of the conference is to show this topic within the international context, to present national strategies for promoting responsible procurement, to get inspired by experience of individual contracting authorities, to focus more on selected topical issues, including experience of audit institutions and matters related to measurement, and to provide an outlook of expected trends and visions in responsible procurement. At the conference, contributions to socially responsible public procurement in the Czech Republic will be awarded.
Industrial production fell by 6.4% year-on-year in June after more than 3% growth in previous months. Some of this is related to calendar effects and other one-off factors, but the weaker result is also a reminder that Czech industry is not immune to the German industrial slowdown.
Czechia ranks 26th in the 2019 Global Innovation Index, maintaining relatively stable rankings since 2014
The Global Innovation Index (GII) 2019 ranks and breaks down the innovation performance of 129 countries and economies around the world. Czech Republic ranks 26th in the overall ranking.
AmCham is worried that the government's proposed tax on global digital services companies will end up being paid by Czech companies wanting to market on the internet, and not contribute to necessary global solution.
Strategic Directions for Czech Economic Policy
- 1) The home of value-added manufacturing
- 2) Prague-Brno-Ostrava Creative Triangle
- 3) Health Care as an export industry
- 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.