COMMENTARY FROM ARTHUR BRAUN | The Court of Justice of the European Union recently published a decision in proceedings on a preliminary issue, stating that EU member states must require employers to record all employee working hours (C-55/18). This case involved a suit filed by a Spanish union organization in the banking industry, not exactly the traditional players in unions fighting against exploitation of the working classes. This decision did not receive wide publicity in the Czech Republic, but in Germany and elsewhere in Europe it did.
The Czech Republic has one of the longest and most complicated building procedures in the world and is ranked 156 out of 190 countries observed by The World Bank. Fortunately for real estate developers, the situation is slowly changing. Erwin Hanslik MRICS, Partner and CEE Head of Real Estate at Taylor Wessing talked to us about the legal and regulatory challenges investors and developers need to face in the Czech Republic.
OECD Education at a Glance 2019: Czech Republic: Total expenditure on primary to tertiary educational institutions is relatively low
- While most tertiary-educated adults in the Czech Republic hold a master’s degree, their employment advantage over those with upper secondary or post-secondary non-tertiary education is among the lowest across OECD countries.
- Total expenditure on primary to tertiary educational institutions is relatively low in the Czech Republic. Similarly to other OECD countries, the large majority of funding is publicly sourced.
- Teachers’ salaries in the Czech Republic are among the lowest across OECD countries and consistently below those of tertiary-educated adults at all levels of education.
- Vocational upper secondary education is attractive in the Czech Republic: Almost 7 out of 10 uppe secondary graduates obtained a vocational qualification in 2017 compared to 4 out of 10 on average across OECD countries.
According to the latest ManpowerGroup Employment Outlook Survey released today, limited hiring activity is forecast for the Czech Republic in the forthcoming quarter, with employers reporting a seasonally adjusted Net Employment Outlook of +2%. In a quarter-over-quarter comparison, hiring plans remain relatively stable, but employers report a decline of 4 percentage points when compared with this time one year ago.
Strategic Directions for Czech Economic Policy
- 1) Transition to High-Tech Manufacturing
- 2) The City Campus as Idea Factory
- 3) Government Programs That Drive Innovation
- 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.