News

Spotlight issue

26th July 2018 / Economic policy / Macroeconomic Indicators, Economic Growth


Rising interest rates also bring opportunities

First half of this year was marked by rising interest rates and trade wars: The source of increased volatility on the global equity markets was the US. Starting with speculations about rising interest rates and ending with protracted disputes of trade policies between the US and the rest of the world.

25th July 2018 / Economic policy / Macroeconomic Indicators, Economic Growth


Little hope for US-EU trade war resolution

President Trump’s latest tweet ahead of a meeting with European Council President Jean-Claude Juncker offers little hope for a resolution over trade

23rd July 2018 / Competitiveness / Employment and Social Affairs


The second year of the Aon Benefit Survey confirmed the growing importance of employee benefits

More than three hundred significant Czech and Slovak companies joined this year’s Aon Benefit Survey. The survey maps the current offer of benefits and employee benefits, and based on its results, the companies are able to compare their offer with the external market.

20th July 2018 / Good governance / Public Procurement


Invitation: Conference Social responsibility and quality in public procurement

The conference Social responsibility and quality in public procurement will be held on September 20, 2018, 9 AM - 17 PM, at the Congress Centre of the Czech National Bank, Senovážné náměstí 30, Prague 1, and is organized by the Ministry of Labour and Social Affairs and the Ministry of Agriculture of the Czech Republic.

20th July 2018 / Good governance / Digital Agenda


B.Smith, President Microsoft: Facial recognition technology: The need for public regulation and corporate responsibility

All tools can be used for good or ill. Even a broom can be used to sweep the floor or hit someone over the head. The more powerful the tool, the greater the benefit or damage it can cause. The last few months have brought this into stark relief when it comes to computer-assisted facial recognition – the ability of a computer to recognize people’s faces from a photo or through a camera. This technology can catalog your photos, help reunite families or potentially be misused and abused by private companies and public authorities alike, Brad Smith, President, Microsoft writes.

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