News

Spotlight issue

1st November 2018 / Economic policy / Macroeconomic Indicators, Economic Growth


GDP slowing down as inflation remains persistent

The Czech economy has slowed down. At the end of 3Q, dynamics in industry and retail sales decelerated. The economy lacks support from its main trading partners as growth in the euro area has disappointed this year. Inflationary pressures have not dissipated. October price growth was driven by food and fuel prices while the core element has recorded a modest increase. 

1st November 2018 / Politics / Elections


Grayling Political Digest: Tug of War

With another election month in the Czech Republic over, we can now see the initial effects as the dust of coalition negotiations slowly settles over towns and cities across the country. Despite a clear victory for the ANO movement in most places, there was no shortage of surprises in negotiations on coalitions in many municipalities.

 

31st October 2018 / Good governance / Digital Agenda


Dentons launches Market Insights publication: “Digital Transformation and the Digital Consumer”

Dentons, the world’s largest law firm, has launched a new Market Insights publication entitled “Digital Transformation and the Digital Consumer”, which examines the legal implications of the online economy.  

30th October 2018 / Good governance / Social Responsibility


AmCham CZ: The next 100 years

Countries are built on the character of their citizens. Each person's talent, energy, and commitment to community contribute to the progress of a nation, and to the sustainability of that advance. An individual with the skills and fortune to make decisions that determine a company's rise also plays perhaps the most vital role in a country's fate, because progress is financed by prosperity. That is why, since its start in 1992, the AmCham has been focused on two things:..

29th October 2018 / Competitiveness / Education


World Bank's Human Capital Index 2018: Children in the Czech Republic can expect to complete 13.9 years of schooling, but adjusted for quality of learning, it is equivalent to only 11.7 years

The World Bank's Human Capital Index measures the amount of human capital that a child born today can expect to attain by age 18. The Czech Republic ranks 14th out of 157 countries assessed.

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