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Spotlight issue

1st December 2020 / Competitiveness / Tax & Finance


MAZARS REPORT: Economy and Financial Markets 12/2020

Dear readers,

We would like to take this opportunity to send you the third issue of "MAZARS REPORT: Economy and Financial Markets”, in which we follow the developments on the international and local markets for you on a quarterly basis. You will learn the latest information about current stock developments, exchange rates, interest rates and commodities. Thanks to the review, you will get oriented in the developments of GDP, inflation and in other key macroeconomic data and indicators.

Thanks to the review, you will get oriented in the developments of GDP, inflation and in other key macroeconomic data and indicators.

We are sure that this review will become a useful guide for you through the currently unstable economic developments and perhaps help you minimise the risks connected with the effects of the Covid-19 pandemic on the worldwide economy.

​​​​​​​We wish you a pleasant reading.

Yours Mazars

1st December 2020 / Good governance / Employment and Social Affairs


What legal services are needed when a company hires foreign employees

Do you want to employ, or do you already employ workers from abroad and do you need help with all the agenda connected with immigration to the Czech Republic and with securing or extending a residence permit?

1st December 2020 / Good governance / Legal Reform and Transparency


The basics of insolvency – what to watch out for when dealing with an insolvent counterparty?

Insolvency proceedings mean a great number of restrictions not only for the insolvent debtor. They have also consequences for third parties, their transactions, and their relations to the debtor...

Insolvency has an impact on court disputes, the collection of claims, contracts with the insolvent debtor and performances rendered under the same, and legal transactions of the debtor (or legal transactions in which a third party engages toward the debtor).

1st December 2020 / Good governance / Legal Reform and Transparency


The Electronic Signing of Documents: A Phenomenon in the Time of Digitization, but a Necessity in the Time of Crisis

Czech legislation permits companies, and their clients, to use several kinds of online communication, including those with the use of remote contract signing. Although it is not regulatory news, there are companies that have not yet embraced such digitisation, even in these times. During the coronavirus crisis, interaction without physical presence is not only an interesting bonus, it is an outright necessity. We have therefore summarised key information that will help companies avoid disruption in communication with their customers, continue entering into contracts, and still meet all the requirements of current measures.

1st December 2020 / Economic policy / Macroeconomic Indicators, Economic Growth


Czech Republic: Growth is better than expected

Revised GDP data from the Czech Republic suggests that the third-quarter was slightly better than the first estimate. The economy grew by 6.9%, but the second wave of the pandemic will push the last quarter into contractionary territory again  but the overall outlook for 2021 should improve as vaccines become available

Strategic Directions for Czech Economic Policy

  1. 1) Transition to High-Tech Manufacturing
  2. 2) The City Campus as Idea Factory
  3. 3) Government Programs That Drive Innovation
  4. 4) Government as a Competitive Advantage

Advocacy Priorities for 2020-2022 
 
People, Technology, Infrastructure, Cities, Government

 

2020 Actions Recommended in Areas:

1. Immigration.

2. Adult (post-graduate) Education and Training.

3. Programming as the Required Language.

4. Private Research Investment.

5. Housing Plan.

6. Establishing Policy Objectives for Research.

7. Establishing Databases for Tracking Public Policy Outcomes.

8. Public Procurement as an Innovation Tool.

9. A Government Competitiveness Scorecard.

 

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