One of the most cyber-secure countries in the world, the Czech Republic has emerged as a growing tech hub in recent years. Willing to embrace technology, which in turn leads to innovation, the country is rich in talent and is being driven to become a global tech leader by forward-thinking local companies.
CTP is taking significant steps towards the high-tech future of the industry in CEE, with development plans for a Science Technology Park at CTPark Brno, which we are beginning to roll out.
Over the past decade, Brno has earned the reputation of being the 'Silicon Valley' of CEE, and this is well-founded, as evidenced by our clients in the region, including Honeywell, Thermo Fisher Scientific, and Inventec, to name a few. CTP has brought on Cees Admiraal, who previously led business development at the internationally renowned High Tech Campus Eindhoven, to bring together the educational, local administration, and business communities into this plan and steer it forward cohesively. How are we achieving this? See the 3 key steps outlined in this article.
Has the European banking sector achieved renewed stability amidst a troubled macroeconomic context? Over the past three years, the banking sector has had to endure numerous crises, including Covid-19 and the war in Ukraine. What do the 2023 interim results of the 26 largest banks in Europe indicate about the impact on Expected Credit Losses (ECL) in this unusual environment?
We have analysed the 2023 interim reports of 26 banks in 11 European countries to better understand the impact of financial turbulence and ongoing geopolitical crises on their Expected Credit Losses. This study is the seventh in its series and follows on from previous editions of the report since its launch in 2020.
On Friday 27 October 2023, the Chamber of Deputies approved an amendment to the Investment Incentives Act, which we informed you about HERE.
The ECB’s Christine Lagarde described inflation as holding too high for too long. CNB vice-governor Eva Zamrazilová viewed Czech inflation similarly during our AmChamIntel talk.
The CNB predicts a higher rate and the consolidation of public finance will bring inflation back to approximately 2% by Q3 2024.
Strategic Directions for Czech Economic Policy
- Transition to High-Tech Manufacturing and Exports
- The City Campus as Idea Factory
- Government Programs and Processes That Drive Innovation
- Government as a Competitive Advantage, including Digitization
Read the documents in English and Czech.
In Policy Pipeline policy developments in the Czech Republic and abroad are monitored to bring better understanding of current topics and trends.