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.
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.
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.
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.
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) 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.