The vote for the Act of the Year has started. For the ninth consecutive year, entrepreneurs will decide about the best legal regulation with a positive impact on business. In addition to voting on the best act, this year’s edition of the project will open up a discussion among leading authorities about the development of the Czech legislation governing the business environment. The project is organised by Deloitte, a professional services firm, and its legal office, Ambruz & Dark Deloitte Legal. This year’s edition will be taking place under the auspices of the Czech Chamber of Commerce and the Czech Bar Association.
With this year’s date the latest ever recorded, Tax Freedom Day is slipping further away from the start of the year. This year, tax payers in the Czech Republic will spend 174 days working to pay taxes, which is one more day than last year. According to Deloitte, Tax Freedom Day will fall on 23 June 2018. Approximately the same as in the Czech Republic will apply to the Netherlands, Germany and Slovenia. Tax payers will have to spend the most days paying taxes to the government in France and Luxembourg, while the fewest in Romania and Bulgaria.
The price level increased significantly at the beginning of the year. Energy prices are partially to blame as distribution fees increased. But other prices joined, as well. Businesses traditionally change price lists at the beginning of the year. They have already factored in their expectations about wage growth, which mainly impacts the core element. Food prices also increased. Headline inflation eased due to statistical base effects as the beginning of 2017 was also marked by a strong price increase. Yet, inflation still remains above the 2% CNB target, where it should remain for the months to come, Komerční banka says.
The attitude of fleet managers in the Czech Republic to the topic of the electric car is highly influenced by two factors. As shown by our international survey, the emphasis on the price of the instalments of a leasing contract is stronger than in the Western European countries. It is also important to say that the awareness of environmental problems in the Czech Republic is not as deep as in those countries.
Invitation: Health Care 2.0: How will the prices and reimbursements of medical devices be regulated?
Healthcare 2.0 initiative invites to a panel discussion, which will take place on Wednesday, February 28, 2017 at 3 pm in the NHÚ AV ČR building, Politických vězňů 7, Praha 1, 2nd floor, room no. 7. The event will be held in Czech.
Strategic Directions for Czech Economic Policy
- 1) The home of value-added manufacturing
- 2) Prague-Brno-Ostrava Creative Triangle
- 3) Health Care as an export industry
- 4) Government as a competitive advantage
In Policy Pipeline policy developments in the Czech Republic and abroad are monitored to bring better understanding of current topics and trends.