The Czech aviation industry has a century-long tradition. The Czech Republic remains one of only a few countries that are able to produce a complete aircraft: from the airframe through the engine to the electronics, Martin Rychlik writes for czech-research.com.
Along with the Chief of Mission at the US Embassy, Kelly Adams-Smith, AmCham held discussions with businesses and civic leaders on how manufacturing will develop, the next big technologies that will come out of the city, and how the EU has been a major contributor to the city's rise as an economic hub.
Nowadays, practically all businesses in the EU (98 %) use computers and among those, only 32 % have a formally defined ICT security policy. For large businesses, this share reached 72 %, while it was less than one third for SMEs (31 %). In 2015, according to Eurostat, less than 35% of Czech businesses had ICT security policy in place, but this is still above the EU average.
In 2016, people in European Union (EU) could be expected to work for an average of 35.6 years, up by 1.8 years compared with 2006, Eurostat writes. The Czech Republic had the expected average working life at the EU average of 35.6 years.
Currently, around 7 million mainly young, skilled and educated Bulgarian, Czechs, Hungarians, Poles, Slovaks and Romanians (CEE-6) live and work in Western Europe. The return of even a relatively small portion of these would boost regional GDP, for example, by stimulating the development of real estate markets, emerging-europe.com writes.
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
In Policy Pipeline policy developments in the Czech Republic and abroad are monitored to bring better understanding of current topics and trends.