This section feature research, opinion and progress reports on how the Czech Republic compares to other EU countries economically. It includes analysis of international rankings such as the WEF and World Bank.

Spotlight issue

27th July 2018 / Competitiveness / Technology, R&D and Innovation

W.Stacey, AmCham CZ: Higher wages depend on more productive research

In mid-July, I had the privilege of participating in a discussion on dividends, sector taxes, and, ultimately, economic strategy with some influential and interesting economic policymakers, including Josef Stredula of the Unions, Karel Havlicek of Association of Small Businesses, and Radek Spicar of the Confederation of Industry. Everyone at the table deals with these issues daily, and do not agree on many details. This can sometimes lead to the conclusion that they agree on nothing. That is not true. In such a situation, sometimes it is necessary to widen the angle of the lens and, once you see the wider landscape, you can refocus.
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19th August 2018 / Competitiveness / Business and Industry

CTP: With an overall market vacancy rate of nearly 3% and the long permitting process—considered to be one of the longest in Europe—getting new projects started is becoming more difficult

The Czech economy continued to grow through 1H 2018, but slightly slower than in 2017 due mainly to tight labour conditions. Unemployent continues downward, nearing 2.0%. The tight labour market, while pushing employers to compete to attract talent through softer means, greater incentives, and higher salaries, has also increased disposable income, positively impacting retail sales and e-commerce. Consequently, this leads to an increasing need for more warehouse space. Specifically, large logistics centres outside larger cities, and also smaller, last-mile and cross dock facilities closer to end users.
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17th August 2018 / Competitiveness / Transport, Infrastructure and Tourism Why the Czech Republic should be your next MICE pick

With more than 42,000 hotel rooms in total, and more five-star hotels than Vienna and Madrid combined, there are endless MICE opportunities--and if your clients wanted to host a MICE event in a castle, why not? The Czech Republic is home to more than 200 of them. The Czech Tourism Board and the Consulate General of the Czech Republic hosted a Lunch and Learn in Toronto to explain why the destination is quickly becoming a hub for MICE activity.
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9th August 2018 / Competitiveness / Transport, Infrastructure and Tourism

Orea Hotels to invest 0.5 bn CZK into modernisation

Hotels that have been modernised so far include Pyramida in Prague, the capital city, Horizont in Šumava forest land, and Voroněž in Brno, the Moravian largest city. Hotel Voroněž currently offers the largest capacity in Moravia, the eastern part of the country.
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Members of the American Chamber of Commerce in the Czech Republic