Competitiveness / Business and Industry

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

2nd June 2017 / Competitiveness / Business and Industry


IMD: Czech Republic remains most competitive economy amongst transition economies & EU new member countries

IMD evaluated the Czech Republic as the 28th most competitive economy in the world in 2017. That’s a slight decrease (27th to 28th) relative to 2016 results and the country thus did not succeed in extending the previous series of improvements of its relative ranking (2014-2016). Nevertheless, the Czech Republic remained the most competitive economy amongst the transition economies and EU new member countries.
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28th July 2017 / Competitiveness / Business and Industry


The Czech Republic ranks 25th in the KPMG 2017 Readiness Index

The Czech Republic ranks 25th in the KPMG 2017 Readiness Index assessing 136 countries world-wide. The country's strengths are economic openness and inclusiveness of growth, among others.
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28th July 2017 / Competitiveness / Business and Industry


Czech Statistical Office: Real estate prices accelerate | KPMG Czech Republic: The gap between the prices of old and new housing in Prague is small compared with some other European cities

"The rapid rise in real estate prices is currently the most significant inflationary phenomenon, or in the last two to three years. The year-on-year increase in these prices reached 12.8% in the first quarter. This has put the Czech Republic to the top position among the EU countries," said chairwoman of the Czech Statistical Office (CSU) Iva Ritschelová. Average annual price growth of appartments in the EU was 4.5% in the first quarter.
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20th July 2017 / Competitiveness / Business and Industry


Prague.tv: Developers want red tape reduced | Deloitte Property Index: Prices of new residential real estate in the Czech Republic are highest compared to the Central European countries

Prague Institute of Planning and Development (IPR) spokesman Marek Vácha said that by 2030 there would be a demand for 82,400 flats with a combined area of 5.1 million square meters. This comes to 5,500 new flats per year, Prague.tv writes. According to Deloitte, revenues from apartment rentals in the Czech Republic fluctuate within the preferred range of 4 to 6%. Prices of new residential real estate in the Czech Republic are highest compared to the Central European countries, but their year-on-year growth was not as dynamic. ​
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Members of the American Chamber of Commerce in the Czech Republic