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Spotlight issue

26th July 2019 / Competitiveness / Technology, R&D and Innovation


czechstartups.com: The Czech Republic Ranks 6th Best Country in Europe for Startups

A new study by consumer research company NimbleFins showed that the Czech Republic has earned a spot in the top 12 countries in Europe for startups, securing the 6th spot out of 50 countries studied, czechstartups.com wrote.

22nd July 2019 / Competitiveness / Macroeconomic Indicators, Economic Growth


expats.cz: Czech Republic ranked world’s 7th most developed country in new UN report

The Czech Republic has been rated among the world’s top ten most developed countries according to the 2019 Sustainable Development Report, a UN initiative now in its fourth year produced by the Bertelsmann Stiftung and the Sustainable Development Solutions Network (SDSN) to identify where the world’s countries are at in long-term goals for sustainable development (SDGs), expats.cz informed.

22nd July 2019 / Competitiveness / Trade and Investment


FM Global Resielince Index: Czech business environment ranks 20th out of 130 countries

The FM Global Resilience Index, adding a new driver, corporate governance this year, ranks 130 countries and territories by the resilience of their business environments. Czechia reached top quartile in each factor assessed (Economic, Risk Quality, Supply Chain).

22nd July 2019 / Competitiveness / Technology, R&D and Innovation


European Findings - PwC EMEA Private Business Survey 2019: It's time to act

PwC asked leaders of European private businesses to tell us how relevant key technologies are for their business and whether they are already using them. The most popular technology: Internet of things (IoT), by a wide margin. That corresponds to how European private businesses see digitalisation.  Robotics followed, with Denmark reporting the strongest levels of usage (50%).

22nd July 2019 / Economic policy / Macroeconomic Indicators, Economic Growth


W.Stacey, AmCham CZ: "When individual objectives align, good feedback cycles are created, and common goals can be reached."

One of AmCham's economic development goals is to make Prague a top hub of European business. At our General Assembly in June, we gathered representatives from some key strategic assets: Petr Fabrický of the Prague Airport, Michal Pěchouček of prague.ai, Rainer Bogner of ExxonMobil's shared service center, Lenka Žlebková of Prague Congress Center, and Matěj Chytil of Prague City Hall. Each is moving from a high volume approach to a higher premium approach in their business. Each can help the other achieve their goals. Train service to airport, for instance, also boosts congress business, which boosts business travel. 

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