News

Spotlight issue

22nd July 2019 / Economic policy / Macroeconomic Indicators, Economic Growth


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. 

13th August 2019 / Competitiveness / Business and Industry


PwC: Global Top 100 companies (2019) by Market Capitalisation

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.

8th August 2019 / Good governance / Public Procurement


Invitation: Responsible Public Procurement 2019: Strategic approach to public procurement

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.

8th August 2019 / Competitiveness / Macroeconomic Indicators, Economic Growth


ING Bank Czech Republic: Surprising fall in industry

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.

8th August 2019 / Competitiveness / Technology, R&D and Innovation


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.

5th August 2019 / Amcham advocacy news / Tax & Finance


AmCham submits comments on proposed Digital Services Tax

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.

Previous

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

Advocacy Priorities for 2018-2020 
 
People 

1. Setting a predictable policy for economic immigration based on the goal of maintaining current levels of employment for Czech citizens and wage growth that corresponds to productivity growth.  

2. Establishing incentives for companies and individuals to provide the qualifications and skills necessary for the automation of production and service industries.  

3. Introducing machine and computer programming as a required language in elementary and high schools.  

4. Improving the Healthy Life Years of the workforce and overall population through better prevention programs, better diagnostics, and better treatment.  
 
Infrastructure 

1. Develop a plan for developing and maintaining an integrated rail, road and air commercial logistics systems.  

2. Integrate the Prague airport into the national commuter network.  

3. Increase digital infrastructure capacity throughout country. 

4. Develop a housing plan that will create more entry-level housing in Prague and Brno for purchase or rent.  
 
Technology 

1. Reform investment incentives to concentrate on product research, development and production.  

2. Establish policy objectives in the area of health, energy, transport, environment and other areas and use these objectives for allocating public research funds. 

3. Require major public procurements to use objective and measurable criteria for innovation. 

 

Read the document 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