News

Spotlight issue

23rd October 2018 / Competitiveness / Business and Industry


ABSL: Business services in Prague grew by one fifth and by the end of the year will employ another 5 000 people

The business services sector in Prague reports a year-on-year growth of 20% and the same is expected for the next year. Prague business service centers currently employ 50 000 experts and plan to hire 5 000 more by the end of 2018, the latest report by the Association of Busines Services (ABSL) says.

19th October 2018 / Competitiveness / Macroeconomic Indicators, Economic Growth


WEF Global Competitiveness Report: Czech Republic remains among globally competitive countries

When it comes to competitiveness, Europe is a story of contrasts, with four distinct groups: a very competitive north-west, including Switzerland; a relatively competitive south-west, led by France; a rising northeast region, led by Poland, Czech Republic and the Baltic countries, which rank on par with or higher than several Western European economies on several aspects of competitiveness; and the south-eastern region—in particular, the Balkan countries—which lags behind the other groups, according to the 2018 edition of the World Economic Forum's Global Competitiveness Report.

19th October 2018 / Competitiveness / Employment and Social Affairs


T.Petyovský: The Czech Republic: New governmental program Project India launched in October 2018

Effective 1st of October 2018 applications for Employee cards and Blue cards for highly qualified workers from India are assessed under a Czech Government Program „Project India“. This Program offers a preferential approach for those Indian workers whose prospective Czech employer has fulfilled the conditions to be included in this Program. 

18th October 2018 / Competitiveness / Business and Industry


BNP Paribas: Czech Republic Industrial at a Glance Q2 2018

Vacancy rates decreased further to sub 4% in Q2 2018. The vast majority of supply under construction is pre-leased already thus no major rise in vacancy is expected, BNP Paribas Real Estate says.

18th October 2018 / Competitiveness / Business and Industry


Vlněna: Renaissance of European Engineering and Innovation in Brno

On the premises of a former textile factory in downtown Brno, CTP has completed the first phase of its Vlněna project.

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