Competitiveness

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.

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Spotlight issue

4th September 2023 / Competitiveness / Business and Industry

Property Index Overview of European Residential Markets

The Czechs rank second to last across Europe in the availability of their own housing. After Slovakia, housing is the most expensive in relation to wages. For a 70 m2 flat, Czechs need the equivalent of 13.3 average gross annual salaries. The Czech Republic has long been one of the European countries with the least affordable housing.

1st September 2023 / Competitiveness / Legal Reform and Transparency

Coordination Committee clarifies changes to VAT Act for real estate

The Coordination Committee of the General Financial Directorate and the Chamber of Tax Advisors of the Czech Republic has dealt with changes to the VAT Act in connection with new construction regulations. The changes will be effective from 1 January 2024 and concern the construction industry and the supply and lease of real property.

30th August 2023 / Competitiveness / Employment and Social Affairs

AmCham Intel on Wage and Workforce Availability: Czechia should focus on attracting the talent that can drive value-added output

AmCham held an Intel session on wage and workforce availability in Czechia, providing fresh data and practical insights.