News

Spotlight issue

29th October 2018 / Competitiveness / Trade and Investment


The Economist Intelligence Unit: The Global Illicit Trade Environment Index 2018: Czechia ranks 23rd globally

The Illicit Trade Environment Index measures the enabling environment for illicit trade that economies create through both action and inaction across four categories. The 2018 index has been expanded to cover 84 countries across the world. This tool allows users to explore the results for all of the economies included in the index. The Czech Republic ranks 23rd globally and 15th in Europe.

26th October 2018 / Competitiveness / Digital Agenda


EY: 82% of companies don’t know if their security systems work

  • 87% of organizations surveyed operate with limited cybersecurity and resilience
  • 77% currently work with basic cybersecurity protections and are seeking to move toward fine-tuning capabilities
  • Mostly big companies are planning to invest in cyber security

24th October 2018 / Competitiveness / Trade and Investment


European American Investment Council Quarterly | Spotlight Automotive

The European American Investment Council (EAIC) is the official European representative of selected counties, cities and chambers of commerce from over 20 U.S. States. It is our mission to promote transatlantic trade and investment. To that end, the EAIC bridges the gap between Economic Development Organizations (EDOs) and European investors looking to enter or expand in the U.S. market. This issue of the EAIC qurterly features: 1. Foreign Direct Investment in the United States: Key Figures,  2. U.S. FDI Inflows by Key Industry Sector, 3. U.S., FDI Inflows by Key European Source Countries and 4. EAIC Source-Industry Spotlight: Automotive

23rd October 2018 / Competitiveness / Tax & Finance


Crowdberry: Crowdinvesting: invest, co-own and build global leaders out of Slovakia and Czech Republic

Crowdfunding has become increasingly popular over the past decade, yet it has been with us for centuries. The Statue of liberty in New York or the Czech National Theatre are both examples where communities funded an idea or a project. The latest innovation in crowdfunding is equity crowd investing allowing investors to invest in and own a share in privately held companies or real estate. 

23rd October 2018 / Competitiveness / Technology, R&D and Innovation


European Innovation Scoreboard 2018: Czech Republic performs above average in Firms investment area

According to the European Innovation Scoreboard 2018 published by the European Commission,,the Czech Republic is a Moderate Innovator. Over time, performance has declined relative to that of the EU in 2010. Employment impacts and Firms investment are the strongest innovation dimensions. Finance and support and intellectual assets are the weakest innovation dimensions, the country report says.

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