News

Spotlight issue

2nd August 2018 / Economic policy / Macroeconomic Indicators, Economic Growth


ING Bank Czech Republic: Credit remains solid but is there a warning sign?

June credit banking statistics confirm a favourable trend across households and companies. But new housing loans signal a slowdown ahead.

1st August 2018 / Good governance / Legal Reform and Transparency


NSZ: Analysis brings objective facts about the criminality of elected representatives of regional and local governments

The Supreme Public Prosecutor's Office (NSZ) prepared an  Analysis of Criminal Activity of Elected Officials of Territorial Self-Governing Units. The detailed document was created at the request of the Constitutional Law Committee of the Chamber of Deputies of the Parliament of the Czech Republic and maps comprehensively all criminal proceedings concerning municipal, regional politicians over a period of five years (2013-2017). The material analyzes the hard data provided by all branches of the Public Prosecutor's Office across the Czech Republic, and its findings largely correct some inaccurate information that appears in the public and media space in connection with this issue.

30th July 2018 / Competitiveness / Education


Radio Praha: Last year, roughly 20 per cent of Czechs had a university degree, up from 12.1 per cent in 2007

The percentage of Czechs with a university education has increased significantly over the past 10 years, data by the statistical office (ČSÚ) shows, Radio Praha reports. Last year, roughly 20 per cent of Czechs had a university degree, up from 12.1 per cent in 2007. Meanwhile, many Czech universities continue to accept applicants in some fields, particularly in technical disciplines, but also some philosophical, theological or natural sciences.

27th July 2018 / Competitiveness / Business and Industry


The film industry in the Czech Republic represents more than one percent of GDP

The film production in the Czech Republic directly and indirectly produces sales of over CZK 104 billion, ie 1.1% of GDP. Those are findings of the newest Deloitte analysis Films and Games – Entertainment in Czechia from the Economic Point of View. In the Czech Republic, mainly foreign films (55% of overall production) and adverts (31%) are made, Czech films taking the third place (14%).

27th July 2018 / Competitiveness / Technology, R&D and Innovation


W.Stacey, AmCham CZ: Higher wages depend on more productive research

In mid-July, I had the privilege of participating in a discussion on dividends, sector taxes, and, ultimately, economic strategy with some influential and interesting economic policymakers, including Josef Stredula of the Unions, Karel Havlicek of Association of Small Businesses, and Radek Spicar of the Confederation of Industry. Everyone at the table deals with these issues daily, and do not agree on many details. This can sometimes lead to the conclusion that they agree on nothing. That is not true. In such a situation, sometimes it is necessary to widen the angle of the lens and, once you see the wider landscape, you can refocus.

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.

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