According to preliminary results, Foreign Direct Investment (FDI) from the European Union (EU) to the rest of the world amounted to €186 billion in 2016, a sharp drop (-68%) compared with the €585 bn recorded in 2015, Eurostat reported.
In 2016, one third (32%) of people in the EU who had used the internet within the 3 months prior to the survey reported that they had used cloud services, Eurostat reported.
Prague is home to a strong community of cryptocurrency supporters and users. The city even has a café where customers can pay only in bitcoin. Many users of digital currency see it as a viable alternative to the current monetary system, Mojmir Hampl, member of the Board of the Czech National Bank.
European Innovation Scoreboard: Czech Republic: A lower number of Top R&D spending enterprises & a lower average R&D spending of these enterprises
The Czech Republic is a Moderate Innovator. Over time, performance has declined by 3.5% relative to that of the EU in 2010. Relative strengths of the innovation system are in Firm investments, Employment impacts, and Sales impacts. Relative weaknesses are in Intellectual assets, Linkages, and Innovators.
The Czech Republic ranks 25th in the KPMG 2017 Readiness Index assessing 136 countries world-wide. The country's strengths are economic openness and inclusiveness of growth, among others.
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.