News

Spotlight issue

26th March 2019 / Economic policy / Macroeconomic Indicators, Economic Growth


CNB to postpone hike amid Brexit chaos

While a strong domestic economic performance calls for a hike in March, the uncertainty surrounding the external environment is likely to prevail, leaving the CNB board in wait-and-see mode. We still believe the CNB will deliver two hikes this year, but we will have to wait for the Brexit situation to calm down and for stronger signals regarding a recovery in Germany.

21st March 2019 / Politics / Elections


W.Stacey, AmCham CZ: Brexit showing how democracy works to settle sharp disputes in society

The UK Parliament voted twice to defy its government last week. First, they rejected the government’s negotiated terms for leaving the EU. Second, they voted that the UK cannot leave the EU without a negotiated agreement. Since the EU has declared they will not improve the terms rejected by the first vote, it appears that the UK can neither accept any agreement nor accept that there is no agreement. Brexit is, officially, an utter mess.

21st March 2019 / Good governance / Energy and Environment


Dentons launches 2019 edition of its ‘Investing in renewable energy projects in Europe’ guide

Ten years after the European Union vowed to produce 20 percent of its energy from renewable sources by 2020, it has made huge progress toward that goal. Now, a new challenge beckons: In 2018, the EU formally set itself a binding target to achieve 32 percent of energy from renewables by 2030.

21st March 2019 / Competitiveness / Business and Industry


European Office Market - 2019 Edition

The office market in Europe is flourishing, with 2018 total volumes at the same level as those of 2017, by far the most active year in the decade. At city level, Central London benefited from the return of activity from small and medium businesses and from the high demand from the Media Tech sector, reaching 1.4m sq m (+19% over 1 year). The four main German markets combined dropped 8% but still represented 3.04m sq m, well above the long-term average. Volumes in Central Paris diminished by 9%, notably due to the lack of very large deals (-30% in transactions over 20,000 sq m). Very high results were achieved in Vienna (+54%), Luxembourg, Lisbon (+21%), Milan and Warsaw (+10%).

21st March 2019 / Competitiveness / Technology, R&D and Innovation


FNUSA-ICRC Teams Are Involved in the Development of a New Technology by the Honeywell's Aerospace Division

The aim of the project is to develop a technology for monitoring and evaluating the state of alertness of the pilot with use in aviation. For several years, a research team at the Honeywell's branch in Brno has been working on this topic, addressing it as part of its contribution to the European Clean Sky II initiative. Technology should increase flight safety in the future and also allow new ways of organizing air transport. The Sleep Medicine research team and engineers from the Biomedical Engineering research team contribute their knowledge and equipment. The first part of the unique project, which will gather data from volunteers primarily from professional and interested pilots, took place at the beginning of February.

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