The business services sector in the Czech Republic is expanding and growing even faster than we forecast last year. In 2016 the sector has added 16% of new jobs and the average projected employment growth for next year is the same level, a report by the Association of Business Service Leaders in the Czech Republic (ABSL) prepared in cooperation with CzechInvest, Deloitte, Grafton Recruitment and Jones Lang LaSalle says.
Inrix Global Traffic Scorecard: Drivers in Prague spend over 24 hours per year in traffic jam | Deloitte: 5 investment priorities for long-term development of Prague
Prague ranks 252nd in Inrix Global Traffic Scorecard with average of 24,5 hours spent in congestion per year, compared with 104 hours in Los Angeles, USA.
In the Visegrád Group, there is a desire to both strengthen the powers of member states, but also defend the Schengen area, and the four freedoms. Unsurprisingly, talk of treaty change is in the air. Euractiv’s Central European partners report.
Czech Workforce Report 5: Employment & median wage by occupation in the Ústecký region for the period 2011-2015
According to AmCham Czech Workforce Report 5, the number of technicians in the Ústecký region exceeds the number of plant, machine operators / assemblers. Managers number fell in both sectors. Median wage growth in the private sector ranged from 7% to 11%, except for managers (-0.3%).
The Czech economy slowed last year despite an increase in consumer spending, Czech Radio reported on Tuesday citing new preliminary figures released by the Czech Statistical Office. According to the bureau, economic growth slowed to 2.3 percent of GDP; a year earlier it was double that amount, 4.6 percent. In Q4 alone, growth stagnated at 0.2 percent year-on-year.
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.