Competitiveness / Tax & Finance

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 October 2019 / Competitiveness / Tax & Finance


EY: FinTech adoption rate has grown to 64% globally with 96% aware of at least one service

China and India lead emerging markets with 87% adoption Netherlands, UK and Ireland lead developed economies, buoyed by open banking in Europe Global SME FinTech adoption at 25%, China leads with 61% followed by the US (23%) FinTech adoption rates rose to an average of 64% this year according to EY Global FinTech Adoption Index 2019. Emerging markets are leading the way with both China and India at 87%. Close behind are Russia and South Africa, both with 82% adoption. Among developed markets, the Netherlands (73%), the UK (71%) and Ireland (71%) lead in adoption, reflecting in part the development of open banking in Europe.
View more

26th July 2019 / Competitiveness / Tax & Finance


J.P.Morgan: 2019 Global Payments Trends Report - European Overview: Czech Republic with Highest Predicted E-Commerce Growth

E-commerce growth as a whole across the European region remains strong. It is slowing slightly in more mature markets such as the United Kingdom, France and Germany. However, a number of smaller markets present compelling opportunities. Of the 18 European countries we examined, 10 are projected to enjoy double-digit e-commerce market expansion between now and 2021, with the Czech Republic (16 percent), Italy (14 percent) and Spain (13.5 percent) ranking highest for predicted growth, J.P.Morgan write in their 2019 Global Payments Trends Report - European Overview publication.
View more

18th July 2019 / Competitiveness / Tax & Finance


Global IPO market shows continued signs of slowdown in Q2 2019

Global IPO activity continues to slow despite unicorns coming to market Technology, health care and industrials were the most active sectors in H1 2019 Mega IPOs and robust IPO pipelines across all regions will bolster future activity Praha, 9 July 2019 – The trend of unicorn IPOs coming to market and pushing their proceeds to historic levels continued in Q2 2019 despite ongoing geopolitical uncertainty and trade tensions, resulting in 507 IPOs in H1 2019, raising total proceeds of US$71.9b. While deal numbers were down 28% from H1 2018, first-day returns on the main markets were up 15.4% on average and post-IPO performance increased 28.4%. Technology, health care and industrials saw the largest share of IPOs in H1 2019, together accounting for 266 IPOs (52% of global IPOs by deal numbers) and raising US$47.8b altogether (66% of global proceeds). By proceeds, technology was the strongest sector with US$29.3b raised (41% of global proceeds). These and other findings were published today in the EY quarterly report, Global IPO trends: Q2 2019.
View more

15th July 2019 / Competitiveness / Tax & Finance


Global M&A appetite at 10-year high fueled by portfolio reshaping

59% of companies worldwide plan deals in the next year fueled by portfolio reshaping Strong M&A intentions accelerated rather than stalled by uncertainty Despite Brexit uncertainty, UK is top investment destination for the first time in 10 years Despite mounting geopolitical complexities, the appetite for global mergers and acquisitions (M&A) is at a 10-year high, according to the 20th edition of the EY Global Capital Confidence Barometer (CCB), a biannual survey of more than 2,900 senior executives across 47 countries. Companies continue to use acquisitions to build the foundations for future growth amid rising uncertainty. Almost six in ten (59%) global companies are now planning to acquire in the coming year — up from 52% 12 months ago.
View more

23rd May 2019 / Competitiveness / Tax & Finance


expats.cz: The Czech tax system is one of the world’s most complicated

Czech taxes are complicated, according to the Global MNC Tax Complexity Project, which has measured the complexity of tax systems in 100 countries around the world, expats.cz wrote.
View more

Members of the American Chamber of Commerce in the Czech Republic