News

Spotlight issue

6th February 2019 / Good governance / Legal Reform and Transparency


New regulation mandating health insurance coverage for medical aids in the Czech Republic – mark the dates and deadlines

As of 1 January 2019, an amendment to the Public Health Insurance Act has come into force which brings substantial changes in the realm of insurance coverage for medical aids. How to prepare properly?

6th February 2019 / Economic policy / Macroeconomic Indicators, Economic Growth


Czech construction activity strong in 2018

The construction industry had a successful year in 2018, growing by more than 8%, and according to the number of new building orders, the growth is not over yet.

5th February 2019 / Competitiveness / Transport, Infrastructure and Tourism


PCB/Kongres Magazine: Prague Again the Best Meeting Destination of New Europe

Prague became the best meeting destination of New Europe region again, shows the annual ranking compiled by Slovenian Kongres Magazine. Meetings Star Awards ranking, celebrating 10th anniversary in 2018, evaluates the European meeting destinations regarding their meeting infrastructure, marketing activities and a set of other factors. The award ceremony announcing the winners took place on January 22, 2019 at the Conventa trade show in Ljubljana.

4th February 2019 / Economic policy / Macroeconomic Indicators, Economic Growth


The CNB on hold due to global uncertainty

We expect the CNB to stay on hold on Thursday as the uncertain outlook for the global economy outweighs the weaker-than-expected CZK and high core CPI factors. We see scope for two CNB hikes this year, but with an improvement in the global economic outlook now a necessary condition. Neither CZK spot nor CZK IRS rates currently offer attractive opportunities.

1st February 2019 / Economic policy / Macroeconomic Indicators, Economic Growth


ING Bank Czech Republic: Housing credit on weak footing in December

The volume of new housing loans declined to the lowest level in two-and-a-half years, driven by stricter recommendations from the Czech National Bank and strong frontloading in the second half of last year.

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