The Czech Republic has announced its intention to become The Country for the Future. The central part of this new economic strategy is to evolve into an innovative economy. Cities with technical universities fulfill a core role in any innovative economy. If the Czech Republic is to become The Country for the Future, Prague must become A City For the Future.
On November 28, we discussed with Deputy Finance Minister Stanislav Kouba the impact of digital tax on the Czech economy. Among other issues we talked about fair taxation, efficiency of revenue collection in the Czech Republic, proposed amendment to VAT Act, reverse charge, changes in Income Tax, labour taxation and ecological tax.
Growth in the Czech economy slowed to 2.5% in the third quarter, according to refined estimates. Household consumption is lower, but it's still the main growth driver. Fixed investments fell slightly. We expect the economy to grow around 2.5% this year, falling closer to 2% in 2020.
In their research experts from the Institute of Educational Sciences of the Faculty of Arts of Masaryk University point out many problems of Czech secondary education. The largest number of teachers at Czech secondary schools is between 51 and 60 years of age. It is much harder for older teachers to maintain their working ability and it is also necessary to prevent burnout, which is more common in this age category of teachers. Professionals from MU are now coming up with tools to help teachers in cooperation with the non-profit organization Age Management.
Invitation: Health Care 2.0: Postgraduate education of doctors and accreditation of educational institutions
Healthcare 2.0 initiative invites to a panel discussion, which will take place on Wednesday, December 11, 2019 at 3 pm in the NHÚ AV ČR building, Politických vězňů 7, Praha 1, 2nd floor, room no. 7. The event will be held in Czech.
Concerning use of Internet banking and social networks, Czechia is on or over the average of EU28. Popularity of portable devices and online shopping also grows. 34% of young and middle-aged Czechs use Internet daily. The majority of households have Internet connection, Czech Telecommunication Office announced.
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.