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

1st September 2020 / Competitiveness / Tax & Finance

In 40% of Czech FIs you can use biometric data, biometric signature most of all

Based on analysing institution’s statement about data protection and sensitive data processing on the Czech market, 40% of FIs are using various biometric data in general. Additionally, 33% of the FIs are specifically processing biometric digital signatures. Out of all Czech FIs that use biometric data, only 7% of them are related to facial biometrics and 13% to voice biometrics. The banking sector has been very conservative, and many traditional institutions are still building on this value. However, the pressure of non-banking institutions and customer requirements force this sector to accept the latest technologies and make the best use of them in their business. 
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28th August 2020 / Competitiveness / Business and Industry

Survey of housing situation among inhabitants of Prague 11

At the end of March and beginning of April, the STEM/MARK agency performed a public survey among the inhabitants of Prague 11 relating to the resolution of the housing situation in Prague 11 and throughout Prague in general. A representative sample of 1007 people was surveyed with respect to the public perception on the current situation and the possibilities of housing in Prague, on the possibilities and prices of flats and the potential for construction in the area of Prague 11. As ensues from the results of the research, the housing situation in Prague is currently highly unsatisfactory. The originator of the survey was the PASSERINVEST Group, which wants to act in this area as a long-term partner in the development of the city, with the aim of transforming an unpleasant environment into a pleasant and user-friendly location, including a large public park.
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28th August 2020 / Competitiveness / Tax & Finance

Closing accounts as the preferred SPA in the Czech Republic

When selling companies in the Czech Republic, parties prefer to determine the purchase price on the basis of the financial statements prepared at the date of the company’s takeover by the new owner, the so-called closing accounts. When negotiating a Share Purchase Agreement (SPA), this purchase price mechanism was chosen for 71% of deals. This results from the latest Deloitte study Deal making in the Czech Republic summarising selected data from significant transactions over the last few years.
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Members of the American Chamber of Commerce in the Czech Republic