News

9th January 2020 / Competitiveness / Business and Industry


The end of the year was in a rush in the field of investment in commercial real estate and confirmed both the dominance of Prague and Czech investors

The volume of investment in commercial property in Prague approached 80% of all Czech transactions last year. Even though they reached a total volume of €1.2 billion. The end of the year was relatively hectic. For example German investment company Deka Immobilien sold the Lighthouse Towers administrative complex in Prague's Holešovice to Czech firm Star Capital Investments just a few days before the arrival of the new year. According to CBRE, the world leader in commercial real estate services, there were more than twenty running negotiations in the last calendar month that will be closed during this year. Transaction volume in commercial real estate in 2020 will reach in the Czech Republic €3 billion. And office buildings will be once again the most demanded.

 

9th January 2020 / Competitiveness / Macroeconomic Indicators, Economic Growth


The Czech economy will continue slowing down in 2020 and unemployment will remain low

The Czech economy will be marked by continued slowdown in 2020, with GDP growing by 2.0%. Despite the slowdown in growth, the unemployment rate should remain at a very low level, at around two percent. The average wage will rise by the lowest percentage in three years, 5.7%. Inflation is expected to be 2.5-3.0% during 2020. These are some of the conclusions of the 2020 analysis of the economic outlook compiled by Deloitte's economic team.

8th January 2020 / Competitiveness / Trade and Investment


EY: Geopolitical uncertainty and trade tensions plague 2019 IPO landscape; 2020 set to rebound

  • 2019 was lackluster year for IPO activity with deals and proceeds down overall
  • Technology sector dominates with 263 IPOs raising US$62.8b in 2019
  • 2020 expected to see more robust IPO activity, particularly in the first half of the year

Geopolitical uncertainty and trade tensions heavily impacted the 2019 IPO landscape, pushing overall IPO activity down in terms of deals and proceeds. 2019 has registered 1,115 IPOs with proceeds of US$198b – a 19% fall in deal volume and a 4% decrease in proceeds compared with 2018. However, as US-China-EU trade tensions, concerns about economic growth and other geopolitical issues – including Brexit and social unrest in Hong Kong – subside, a healthy increase in IPO activity is expected in 2020, particularly in the first half of the year, as markets are expected to become more volatile leading up to the US Presidential elections.

6th January 2020 / Competitiveness / Technology, R&D and Innovation


EY: 5G and IoT lead telco transformation drive, while AI and automation use cases are yet to mature

  • 69% of telco leaders say 5G and IoT will lead digital transformation drive
  • Only 44% see network performance as a critical use case for AI and automation
  • 67% believe talent is the biggest obstacle to analytics and AI deployment

Telco leaders are optimistic about the promise of digital transformation, but there is a lack of synergy in the application of emerging technologies at the network layer. That is according to a global EY report, Accelerating the intelligent enterprise, which includes analysis of 27 leading telcos about their digital transformation journey.

Strategic Directions for Czech Economic Policy

  1. 1) Transition to High-Tech Manufacturing
  2. 2) The City Campus as Idea Factory
  3. 3) Government Programs That Drive Innovation
  4. 4) Government as a Competitive Advantage

Advocacy Priorities for 2020-2022 
 
People, Technology, Infrastructure, Cities, Government

 

2020 Actions Recommended in Areas:

1. Immigration.

2. Adult (post-graduate) Education and Training.

3. Programming as the Required Language.

4. Private Research Investment.

5. Housing Plan.

6. Establishing Policy Objectives for Research.

7. Establishing Databases for Tracking Public Policy Outcomes.

8. Public Procurement as an Innovation Tool.

9. A Government Competitiveness Scorecard.

 

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