News

Spotlight issue

22nd July 2019 / Economic policy / Macroeconomic Indicators, Economic Growth


W.Stacey, AmCham CZ: "When individual objectives align, good feedback cycles are created, and common goals can be reached."

One of AmCham's economic development goals is to make Prague a top hub of European business. At our General Assembly in June, we gathered representatives from some key strategic assets: Petr Fabrický of the Prague Airport, Michal Pěchouček of prague.ai, Rainer Bogner of ExxonMobil's shared service center, Lenka Žlebková of Prague Congress Center, and Matěj Chytil of Prague City Hall. Each is moving from a high volume approach to a higher premium approach in their business. Each can help the other achieve their goals. Train service to airport, for instance, also boosts congress business, which boosts business travel. 

13th September 2019 / Competitiveness / Business and Industry


Stefan de Goeij: Ecology is a major issue in logistics

Perfectly solved logistics and warehousing are not only a precondition for the success of companies, but also an important part of sustainability strategies and environmental impacts of their business. Interview with Stefan de Goeij, Head of Property Management at CTP, for Czech Magazine Byznys & Energie.

12th September 2019 / Good governance / Health Care


New Pharmaceuticals Act marks another step towards the digitization of healthcare

Will the introduction of a shared medication record help make the practice of drug prescriptions safer and more transparent?

12th September 2019 / Economic policy / Macroeconomic Indicators, Economic Growth


Labour market still looking solid

The Czech unemployment rate stagnated in August and the number of vacancies increased further to a new record high. However, we think unemployment has reached close to its lowest point 

11th September 2019 / Competitiveness / Trade and Investment


CMS European M&A Outlook: European M&A executives cautious over dealmaking prospects

Weak economic indicators, uncertainty surrounding Brexit and growing protectionism in global trade have contributed to a shift in sentiment in the M&A community and the beginning of a downturn in dealmaking activity, according to the seventh edition of the European M&A Outlook, published by CMS in association with Mergermarket.

 

29th August 2019 / Competitiveness / Employment and Social Affairs


The shortage of employees will cost Czech private companies over 280 billion this year

The biggest challenge for private companies in Central and Eastern Europe is the growing lack of skilled people and talents which would grow their business. This is the results of a survey conducted by PwC, which interviewed the management of 600 privately owned companies in 15 countries of the region. A quarter of respondents reported that they see more than 5% of profits loss due to lack of workforce. PwC estimates that talents shortage cost private companies in the region EUR 358 billion per year. So more than the GDP of Croatia, Hungary and Slovakia combined. Czech companies then lose EUR 11 billion. The most lacking proffesions are technicians, traders and engineers.

Previous

Strategic Directions for Czech Economic Policy

  1. 1) The home of value-added manufacturing
  2. 2) Prague-Brno-Ostrava Creative Triangle
  3. 3) Health Care as an export industry
  4. 4) Government as a competitive advantage

Advocacy Priorities for 2018-2020 
 
People 

1. Setting a predictable policy for economic immigration based on the goal of maintaining current levels of employment for Czech citizens and wage growth that corresponds to productivity growth.  

2. Establishing incentives for companies and individuals to provide the qualifications and skills necessary for the automation of production and service industries.  

3. Introducing machine and computer programming as a required language in elementary and high schools.  

4. Improving the Healthy Life Years of the workforce and overall population through better prevention programs, better diagnostics, and better treatment.  
 
Infrastructure 

1. Develop a plan for developing and maintaining an integrated rail, road and air commercial logistics systems.  

2. Integrate the Prague airport into the national commuter network.  

3. Increase digital infrastructure capacity throughout country. 

4. Develop a housing plan that will create more entry-level housing in Prague and Brno for purchase or rent.  
 
Technology 

1. Reform investment incentives to concentrate on product research, development and production.  

2. Establish policy objectives in the area of health, energy, transport, environment and other areas and use these objectives for allocating public research funds. 

3. Require major public procurements to use objective and measurable criteria for innovation. 

 

Read the document in English and Czech.

Policy pipeline

In Policy Pipeline policy developments in the Czech Republic and abroad are monitored to bring better understanding of current topics and trends.

Members of the American Chamber of Commerce in the Czech Republic