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Spotlight issue

20th July 2018 / Competitiveness / Macroeconomic Indicators, Economic Growth


BCG: The 2018 Sustainable Economic Development Assessment

Boston Consulting Group released their 2018 Sustainable Economic Development Assessement (SEDA) focused on wealth and well-being. The analysis included 152 countries and used data from 2007 through 2016, finding out, among other things, that countries that focus on enhancing well-being not only raise the standard of living of their citizens but also set their country up for stronger and more resilient economic growth.

18th July 2018 / Competitiveness / Transport, Infrastructure and Tourism


Exporters rely on carrier insurance despite risk of losses

According to Czech Statistical Office data, Czech exports grew by 6% between 2016 and 2017. Despite the fact that the average value of the exported goods also attacks the 290 billion crowns in the first five months of 2018, exporters rely on the fact that the goods are sufficiently insured through carrier insurance. In many cases, however, this insurance does not provide a sufficient cover. This applies in particular to international haulage of high-value smaller goods, such as electronics.

18th July 2018 / Competitiveness / Energy and Environment


The use of energy in government administration buildings is ineffective

More than three quarters of government buildings in the Czech Republic are not energy effective. This represents a loss of approximately half a billion Czech crowns per year. Those are conclusions of Deloitte's study Energy Savings in Public Administration prepared by the UN Global Compact Czech Republic, a network of companies and organisations. The study focuses on social responsibility and sustainable development.

18th July 2018 / Competitiveness / Business and Industry


JLL names Amsterdam, Stuttgart and Prague as hotspots for highest office rental growth in next two years driven by lack of supply

A lack of office supply will be the main driver of above-average rental growth in European hotspots including Amsterdam, Stuttgart and Prague in the next two years, according to a new report from JLL.

18th July 2018 / Competitiveness / Employment and Social Affairs


Eurozone wages broadly flat despite declining unemployment rates

  • PwC analysis suggests that Eurozone wages are becoming more unresponsive to lower unemployment rates – similar to the US and the UK
  • Analysis also finds European Central Bank (ECB) and new EU member states have helped to contribute to this trend

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