In less than four months, Panattoni, the industrial zones builder, has built a new hall at Panattoni Park Stříbro for Raben Group. Back in the spring, it seemed that it would take a small miracle for the schedule to be met. The developer had started construction work at the most difficult time, when the Czech Republic was imposing an extensive set of quarantine measures, and it also had to deal with delays due to archaeological research. However, thanks to the good coordination of the construction and the extreme commitment shown by the contractor, the 10,000 m2 building was finally handed over for use as originally planned.
In response to the coronavirus pandemic, the Ministry of Industry and Trade has submitted an amendment to the Government Decree on Investment Incentives aiming to provide more substantial support for investments involving selected strategic products.
The EU Digitalisation Directive makes it possible to create a company (and pay up the company’s capital stock) remotely from anywhere, even one’s garden or cottage, as long as the founder has internet access.
As Trump and Joe Biden go head to head for their first presidential TV debate tonight, we outline the key issues, the factors that could still swing the outcome and three possible scenarios. Despite leading in the polls, the risk of a weak performance by Biden as sometimes seen during the Democrat primaries means his victory isn't assured either
As broadly expected, the CNB left monetary policy unchanged at today's board meeting. The latest economic developments were seen as not diverging from those outlined in the latest CNB forecasts. CZK weakening was again called a natural stabiliser. We expect policy rates to remain unchanged until 1Q22. If the CNB sees the need to loosen monetary policy, we think it would do so by CZK devaluation.
Strategic Directions for Czech Economic Policy
- 1) Transition to High-Tech Manufacturing
- 2) The City Campus as Idea Factory
- 3) Government Programs That Drive Innovation
- 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.