A phenomenon known as "systemic bias of administration", which has long been the subject of discussions, is headed for a solution: a proposed amendment to the Administrative Code wants to abolish the possibility to invoke the defense of systemic bias, with the goal to make the decision-making process of administrative authorities faster and more efficient.
This complicated global regulatory landscape is challenging for multinational enterprises on many levels. The fourth edition of the International Dismissal Survey examines dismissal legislation and provides in-house legal and HR leaders with dismissal cost projections from an employer's perspective across 45 countries. Leveraging this survey data will help company leaders to estimate potential costs, anticipate pitfalls, and make informed hiring decisions. These comprehensive structural insights will help guide your decision-making during the headcount planning process.
The CNB forecast released in early January met with disappointment in the markets which expected the swift normalisation of monetary policy to continue. CNB expects only one hike at the very end of the year with CZK set to appreciate rapidly as early as the second quarter. We do not expect a rate hike to be announced at Thursday’s meeting. The risks to the forecast are likely to be assessed as balanced or even slightly negative, as the figures from the real economy slightly disappointed and current inflation eased more than expected. Only CZK refuses to appreciate and thus represents a pro-inflationary risk. We expect inflation to recover on the back of strong economic conditions and CNB to hike twice in the second half of the year.
Over three months have passed since Andrej Babiš was appointed as the new prime minister (PM) following the parliamentary elections in autumn 2017, yet the Czech Republic still has no clear coalition or majority government. What is more, while the current government, having resigned, only plays a caretaker role, Mr Babiš continues to make some significant changes in the public sector, despite the clamouring of the opposition parties.
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.