Spotlight issue

26th April 2019 / Good governance / Legal Reform and Transparency

May employees be paid a salary in foreign currency?

In these times of globalization and of the free movement of labor across the EU, more and more employees ask to receive their salary payments in foreign currency. The Czech law has only a few circumstantial things to say about this, but in practical terms, such requests pose a number of issues for employers...

24th April 2019 / Good governance / Legal Reform and Transparency

PwC Fraud Prevention Survey in the Czech Republic 2019 - Call

According to the global PwC survey, three out of ten CEOs (29%) expect a slowdown in the world economy growth in 2019, which represents the highest level of skepticism since 2013. The decline in economic growth can lead to an increase in competitive environment and pressure on financial results of companies. Under pressure to achieve good financial results, the employees can use unfair business practices, such as corruption or bribery, or even commit frauds harming your company. The importance of effective prevention of misconduct and fraud is thus gaining an increasing importance, not only in relation to the criminal liability of legal entities.

24th April 2019 / Competitiveness / Technology, R&D and Innovation

OECD: ICT investments in OECD countries and partner economies

When looking at ICT investment relative to GDP, the ratio is second highest for the Czech Republic, says ICT investments in OECD countries and partner economies report.

24th April 2019 / Competitiveness / Technology, R&D and Innovation

Grayling CZ: A better tomorrow for ICT and eGovernment?

A few days ago, Estonia’s eGovernment Academy released a new National Cyber Security Index. It came as a surprise to many that the Czech Republic was in pole position. In a very short period of time, Czech legislators have been able to develop a highly professional cybersecurity body, represented by the National Cyber and Information Security Agency (NÚKIB), Jan Herec of Grayling Czech Republic writes. 

24th April 2019 / Competitiveness / Education

IDEA CERGE-EI: The school homework load in the Czech Republic and in international comparison

Expert studies in this area did not reach consensus about the benefits of homeworks on pupils' education so far. And, no research has ever previously charted the homework load in the Czech Republic in comparison with other countries, nor what factors (schools, teachers, pupils) affect it, says the latest analysis published by the IDEA think-tank at CERGE-EI.

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 

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.  

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.  

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.

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Members of the American Chamber of Commerce in the Czech Republic