News
ING Bank Czech Republic: The CNB delivered dovish hike as expected
The Czech National Bank delivered a 25bp hike as broadly expected by the market. While the CNB staff forecast still shows one more hike for 2019, Gov Rusnok clearly signalled no more hikes this year as a base case. Any further hike this year is only likely if there is a significant improvement in foreign developments. This does not seem very likely at this point.
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University Impact Rankings 2019 by SDG: good health and well-being - 4 Czech universities are on THE list
The Times Higher Education University Impact Rankings are global performance tables that assessing universities against the United Nations’ Sustainable Development Goals. They use carefully calibrated indicators to provide comprehensive and balanced comparisons across three broad areas: research, outreach, and stewardship. This first edition includes more than 450 universities from 76 countries, including Czechia.
Deloitte Survey: Czech CFOs: We have peaked already
The level of optimism of Czech CFOs has slightly decreased after peaking last year. According to CFOs’ predictions, GDP will grow by 2.3% on average (0.2 percentage point less than in 2018). The overwhelming majority (98%) believes that employee costs will grow again this year. The majority (73%) of CFOs in the Czech Republic admit that their team has been prepared for the implementation of artificial intelligence only partially or not at all. This is the outcome of the 10th annual Deloitte CFO Survey 2019.
bigseventravel.com: Prague Among The 50 Most Instagrammable Places In Europe 2019
The capital city of Czech Republic, Prague is one of the most charming cities in all of Europe and rivals even Paris when it comes to beauty, the portal shows. Prague ranks the 12th most Instagrammable place in Europe.
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
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.
Policy pipeline
In Policy Pipeline policy developments in the Czech Republic and abroad are monitored to bring better understanding of current topics and trends.
