Spotlight issue

15th August 2017 / Politics / Macroeconomic Indicators, Economic Growth

London Speaker Bureau: Exclusive Interview with Tomas Sedlacek: What do fetishes have to do with economics?

The “fetishizing” of economics has resulted in a perpetual cycle of unfulfilled desire and debt and a “post coitum depression”, says Tomas Sedlacek. He is the Czech economist and bestselling author of The Economics of Good and Evil (2011), internationally renowned for challenging assumptions and radically rethinking and humanizing economics. Chief macroeconomic strategist at ČSOB and former economic advisor to President Vaclav Havel, he describes economics as a cultural phenomenon which cannot be free of ethics.

17th August 2017 / Competitiveness / Employment and Social Affairs

Hays Czech Republic: IT Contracting Salary Guide 2017/2018

The IT sector has been on the rise in recent years. Employee opportunities are rising as well as demand for external workers - IT contractors. The IT sector has been experiencing a major recovery for several years now and we forecast that the next year will again be a very fruitful period for the IT sector, Hays Czech Republic says, adding that it’s important that companies recognise that if they choose to use an external specialist they will get an invaluable and quick technological advantage over their competitors. The market is becoming and will become a very much candidate-led market as contractors have the choice of projects and salaries.

17th August 2017 / Competitiveness / Employment and Social Affairs

Petyovsky & Partners: The Czech Republic: Wide Ranging Changes of the Immigration Law Become Effective

On August 15, 2017, the amendment of the Act on Stay of Foreigners in the Czech Republic became effective. The main aim of the amendment is to transpose the Directive 2014/66/EU of the European Parliament and of the Council of 15 May 2014 on the conditions of entry and residence of third-country nationals in the framework of an intra-corporate transfer ("ICT Directive"), however, the amendment brings significant changes in all the key areas of business immigration in the Czech Republic.

16th August 2017 / Amcham advocacy news / Employment and Social Affairs

AmCham Research: Population Trends: Age, Economic Activity, Education, Internal Migration, 2005-2017

Both business people and politicians are focused on the workforce. Business are trying every possible way to find the people they need so that their business and the national economy can grow. Some politicians are claiming credit for starving the supply of workforce in order to raise wages. When policies conflict with economic reality, something will break. We need to do something about the economic policies before they cause an economic crisis. 

Both those policies and individual business decisions need to be based on a thorough understanding of what is happening to the demographics and the development of the workforce. That is why we are preparing a series of statistical studies on trends in the workforce.

This brief steps back to look at general population trends. 

16th August 2017 / Competitiveness / Digital Agenda

Reuters Institute Digital News Report 2017: Czech Republic: Online ad spending has grown the fastest (+31%), surpassing print for the first time

"The Czech media landscape is characterised by the dominance of commercial television, which attracts nearly half of the total advertising spend, and by a highly concentrated newspaper sector, mostly in the hands of local business tycoons," Reuters Institute Digital News Report 2017 says. 

16th August 2017 / Competitiveness / Technology, R&D and Innovation

IOCB: Scientists created an organized array of light-driven molecular motors

Researchers from the Institute of Organic Chemistry and Biochemistry of the Czech Academy of Sciences (IOCB Prague) built a 2-dimensional organized array of light-driven molecular motors. At the molecular level, they have created a system of regularly spaced microscopic machines rotating when illuminated. The team headed by Dr. Jiří Kaleta (Prof. Josef Michl Group) collaborated with the 2016 Nobel laureate in chemistry Prof. Ben Feringa. Their research was published in the prestigious Journal of the American Chemical Society (JACS).


Strategic Directions for Czech Economic Policy

  1. 1) The home of value-added manufacturing
  2. 2) Prague-Brno-Ostrava Creative Triangle
  3. 3) Health Care as an export industry
  4. 4) Government as a competitive advantage

Read the document in English or in 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