News

Spotlight issue

23rd November 2018 / Amcham advocacy news / Tax & Finance


BEPS and Transfer Pricing roundtable with Vitezslav Kapoun

On November 22, the American Chamber of Commerce held a roundtable with Vitezslav Kapoun from General Financial Directorate on current implementation of BEPS and transfer pricing. The Base Erosion and Profit Shifting (BEPS) Action Plan was adopted by the OECD and G20 countries in 2013. 

23rd November 2018 / Competitiveness / Transport, Infrastructure and Tourism


PCB: Prague is the Second-Best City in the Region of Central and Eastern Europe in Terms of Sustainable Development

Prague, according to the latest Sustainable Cities Index (SCI) of the Arcadis international consultancy, ranked among the top of sustainable cities in the CEE region from the point of view of the local population. The Czech metropolis was ranked 23rd on the global scale. Arcadis' Sustainable Cities Index 2018 presents London as the city in the lead, followed by Stockholm and Edinburgh. In the first twenty, there are 14 European cities, 3 Asian and 3 North American cities, Prague Convention Bureau writes.

16th November 2018 / Amcham advocacy news / Transport, Infrastructure and Tourism


Roundtable with Z. Horelica from the State Fund for Infrastructure: a prospect for 2020-2021

On November 14, the American Chamber of Commerce hosted a roundtable with Zbynek Horelica, a director of State Fund for Infrastructure on the budget 2019 and perspective for 2020 - 2021.

15th November 2018 / Competitiveness / Technology, R&D and Innovation


Eurostat: The highest share of employed persons with an ICT education who were men was in Czechia (93 %) in 2017

In 2017, men accounted for 84 % of the 2.7 million people in the European Union (EU) who were employed and who had an information and communication technology (ICT) education. In the period 2012-2017, the share in Czechia ranged from almost 87% to over 96%.

12th November 2018 / Competitiveness / Business and Industry


World Bank's Doing Business 2019: Czech Republic ranks 35th

In the World Bank Group’s annual ease of doing business rankings, the top 10 economies are New Zealand, Singapore and Denmark, which retain their first, second and third spots, respectively, for a second consecutive year, followed by Hong Kong SAR, China; Republic of Korea; Georgia; Norway; United States; United Kingdom and FYR Macedonia. The Czech Republic ranks 35th.

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