News

Spotlight issue

12th September 2019 / Economic policy / Macroeconomic Indicators, Economic Growth


Labour market still looking solid

The Czech unemployment rate stagnated in August and the number of vacancies increased further to a new record high. However, we think unemployment has reached close to its lowest point 

11th September 2019 / Competitiveness / Trade and Investment


CMS European M&A Outlook: European M&A executives cautious over dealmaking prospects

Weak economic indicators, uncertainty surrounding Brexit and growing protectionism in global trade have contributed to a shift in sentiment in the M&A community and the beginning of a downturn in dealmaking activity, according to the seventh edition of the European M&A Outlook, published by CMS in association with Mergermarket.

 

29th August 2019 / Competitiveness / Employment and Social Affairs


The shortage of employees will cost Czech private companies over 280 billion this year

The biggest challenge for private companies in Central and Eastern Europe is the growing lack of skilled people and talents which would grow their business. This is the results of a survey conducted by PwC, which interviewed the management of 600 privately owned companies in 15 countries of the region. A quarter of respondents reported that they see more than 5% of profits loss due to lack of workforce. PwC estimates that talents shortage cost private companies in the region EUR 358 billion per year. So more than the GDP of Croatia, Hungary and Slovakia combined. Czech companies then lose EUR 11 billion. The most lacking proffesions are technicians, traders and engineers.

29th August 2019 / Competitiveness / Business and Industry


CTP Plans the Completion of the Largest Industrial Park in the Czech Republic

CTP announced that it will complete CTPark Bor in the next five years, creating the largest industrial park in the Czech Republic with an area of ​​600,000 m2.

29th August 2019 / Competitiveness / Business and Industry


Czechs Pay More than 11 Average Annual Income for a New Flat, the Most in Europe for the Third Consecutive Year

Czechs must pay an average of 11.2 average annual salaries to purchase a new apartment with the size of 70 m2. Compared to selected European countries, the situations is the worst in the Czech Republic. In the runner-up country – Latvia – 10.1 annual salaries are needed to acquire a new flat. In contrast, flats are the easiest to acquire in Portugal (3.8 annual salaries). These are some of the conclusions of the latest Deloitte Property Index 2019.

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