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27th May 2019 / Economic policy / Macroeconomic Indicators, Economic Growth


ING Bank Czech Republic: Czech confidence fell in May amid higher business uncertainty

Economic confidence fell in May, close to a three-year low, mainly due to a decline in confidence in industry and services. Household confidence increased slightly, but also remains close to mid-2016 levels.

27th May 2019 / Economic policy / Macroeconomic Indicators, Economic Growth


ING Bank Czech Republic: Czech mortgage limits unchanged, capital rate increased

The Czech National Bank published the main conclusions of the forthcoming Financial Stability Report planning to be published on 11 June. Income limits affecting housing loans affordability did not change, but the CNB increased the countercyclical capital buffer again to 2%.

23rd May 2019 / Competitiveness / Tax & Finance


expats.cz: The Czech tax system is one of the world’s most complicated

Czech taxes are complicated, according to the Global MNC Tax Complexity Project, which has measured the complexity of tax systems in 100 countries around the world, expats.cz wrote.

23rd May 2019 / Competitiveness / Transport, Infrastructure and Tourism


Deutsche Bank Survey: Prague Among Top 15 Cities in 2019 for Quality of Life

The Deutsche Bank 8th annual survey of global prices and living standards from various countries and cities around the world is out.

21st May 2019 / Politics / Trade and Investment


U.S. Chamber's Europe Trip Review: Berlin, Dresden, Paris, Brussels

Ahead of the European elections, and in light of the difficult state of play in transatlantic trade talks, the U.S. Chamber carried out trip to Europe. Key takeaways as follows:

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