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

12th May 2020 / Competitiveness / Business and Industry

AmCham Board advises that the pandemic likely to last into 2021

The AmCham Board of Directors assessed the duration and depth of the pandemic on May 6. Each board member discussed the current situation in their industry, and predicted both short and long-term impact of the virus on their sector and the Czech economy.  The board will update their assessment regularly. They are now planning web discussions focused on sectors and key economic factors. Reports on this discussions will also be distributed among members.           
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19th May 2020 / Competitiveness / Transport, Infrastructure and Tourism

Global Destination Sustainability Index: The regenerative event checklist

As lockdown measures begin to loosen in Europe, life is slowly starting to resemble a more familiar past. However, there are notable differences, with the visitor economy and meetings industry, particularly hard hit. As we set out to recover from the impacts of covid-19, leaders are calling for a green and fair recovery to avoid a return to the ‘old normal’. It follows, that the meetings industry in particular will experience a tough rebound, unless both the economic importance of the industry, and a clear vision and plan for a more sustainable and regenerative way of organising events is defined.
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19th May 2020 / Competitiveness / Transport, Infrastructure and Tourism

Prague 9th in ICCA 2019 ranking

International Congress and Convention Association (ICCA)’s 2019 statistics captured 13,254 rotating association meetings, the highest ever recorded annual figure in its yearly statistics, with an increase of 317 from last year’s record-breaking figures.
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18th May 2020 / Competitiveness / Transport, Infrastructure and Tourism

PCB: From Record Rise to Record Decline: Impact of Crisis Measures on Prague Meetings Industry is Enormous

14 May 2020, Prague – Prague meetings industry is an essential part of the Czech capital city’s and country’s tourism, as well as of their economy. Based on an analysis conducted by KPMG for the Prague Convention Bureau in 2017, the meetings industry accounts for 15% of the overall tourism industry in Prague. At the same time, it is also the sector most affected by the crisis that incurred from the COVID-19 disease outbreak. According to the latest study by the Economic Impact company, revenues in multiplication may drop by more than 20 billion crowns in 2020. This represents a decrease of 74%, when compared with expected sales in case the emergency situation had not occurred.
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Members of the American Chamber of Commerce in the Czech Republic