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Spotlight issue

23rd November 2018 / Economic policy / Tax & Finance


BEPS and Transfer Pricing roundtable with Vitezslav Kapoun

On November 22, the American Chamber of Commerce held a roundtable with Vitezslav Kapoun from General Financial Directorate on current implementation of BEPS and transfer pricing. The Base Erosion and Profit Shifting (BEPS) Action Plan was adopted by the OECD and G20 countries in 2013. 

5th December 2018 / Economic policy / Macroeconomic Indicators, Economic Growth


ING Bank Czech Republic: Czech wage growth remains strong

Nominal wages grew by 8.5% year-on-year in the third-quarter. Wage growth slightly exceeded the consensus and the central bank estimates of 8.2%, mainly due to higher wage growth in non-market sectors.

5th December 2018 / Politics / Elections


Grayling Czech Republic Political Digest November 2018

It might seem as a déjà vu, but it’s simply the story of the Czech PM Andrej Babiš, who is unable to distance himself from the accusations surrounding the questionable EU subsidies, which were used to build the infamous recreational farm called Stork’s nest, Grayling Czech Republic writes.

5th December 2018 / Economic policy / Macroeconomic Indicators, Economic Growth


ING Bank Czech Republic: Czech GDP growth revised higher

GDP growth figures for 3Q18 were revised slightly higher to 2.4% year-on-year and 0.6% quarter-on-quarter. Stronger investment and household consumption contributed positively to the result while inventories and net exports were drags on growth.

5th December 2018 / Good governance / Legal Reform and Transparency


Dentons: Current Trends in the Prosecution of Bid Rigging in the Czech Republic

In its most recent annual report, the Czech Competition Authority stated that the investigation of bid-rigging cartels would be its highest priority. The issue of bid rigging is a hot topic that has attracted the attention not only of the CCA, but also that of the Czech police and public prosecutors, who have been very active in investigating bid-rigging cartels in recent years.

24th November 2018 / Good governance / Business and Industry


AmCham 2018 Thanksgiving Message: Delivered by Magdalena Soucek, EY, Past President and Board Member

Thanksgiving is a time to gather with family, to share memories, and express gratitude to those who have helped us along the way.

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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