On January 23, AT&T Brno and Faculty of Electrical Engineering VUT Brno (BUT - Brno University of Technology) opened a laboratory where students have the opportunity to work on solutions that are ahead of what is currently available on the market. The areas for research and development include 5G Communications, IoT, Industry 4.0, Big Data and Aerial vehicles.
AmCham is meeting with housing and transportation experts from all parties in the new Prague City Council to discuss how they can innovate to meet the demand for qualified workforce.
Peak growth is now behind us and while there are still positive drivers that make it too soon to call the end of the expansion, growth in 2019 is likely to come out much lower than last year. We forecast 1.4% GDP growth in 2019 and 1.3% in 2020 but the risks are skewed to the downside. In these circumstances, the probability of an ECB rate hike is melting away
This year, taxpayers in the Czech Republic will spend 174 days working to pay taxes, which is one day fewer than last year. According to Deloitte’s calculations, Tax Freedom Day will fall on 23 June 2019. Approximately the same as in the Czech Republic will apply to Germany and Slovenia. Taxpayers will have to spend the most days paying taxes to the government in France, while the fewest in Romania and Bulgaria.
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.