Spotlight issue

4th October 2019 / Economic policy / Macroeconomic Indicators, Economic Growth

State budget worsening

The state budget ended in a deficit of CZK21bn in September, while it was a CZK17bn surplus a year ago. Though worse, the year-on-year result is optically higher due to EU funds flow. After adjusting, the budget ended CZK14bn worse in September than a year ago and is the weakest since 2015.

4th October 2019 / Competitiveness / Technology, R&D and Innovation

IMD Smart City Index 2019: Prague ranks 19th globally, 11th in Europe

From 15 indicators, respondents of IMD Business School Smart City Index 2019 survey perceived affordable housing, road congestion, corruption, air pollution and green spaces as the most urgent for Prague.

2nd October 2019 / Competitiveness / Tax & Finance

EY: FinTech adoption rate has grown to 64% globally with 96% aware of at least one service

  • China and India lead emerging markets with 87% adoption
  • Netherlands, UK and Ireland lead developed economies, buoyed by open banking in Europe
  • Global SME FinTech adoption at 25%, China leads with 61% followed by the US (23%)

FinTech adoption rates rose to an average of 64% this year according to EY Global FinTech Adoption Index 2019. Emerging markets are leading the way with both China and India at 87%. Close behind are Russia and South Africa, both with 82% adoption. Among developed markets, the Netherlands (73%), the UK (71%) and Ireland (71%) lead in adoption, reflecting in part the development of open banking in Europe.

2nd October 2019 / Competitiveness / Energy and Environment

Eurostat: EU circularity rate: Czechia below average with 7.6%

According to Eurostat, in 2016, the circularity rate of the European Union (EU) was 11.7%. This means that 11.7% of material resources used in the EU came from recycled products and recovered materials, thus saving primary raw materials from being extracted. Compared with 2004, this share increased by 3.4 percentage points from 8.3%. This is primarily because the EU consumes less raw materials — such as construction materials and fossil fuels, while the amount of recycling only increases slightly.

26th September 2019 / Economic policy / Macroeconomic Indicators, Economic Growth

AmCham suggests steps to achieve innovative economy in 2020 Letter on Priorities

The American Chamber of Commerce in the Czech Republic (AmCham) has suggested twelve steps that could be taken in 2020 that would help the Czech Republic become a top ten EU economy by 2025. Adjusted for the progress of the past two years and the government's new innovation strategy, the new Letter on Priorities sets four strategic directions: high-tech manufacturing, innovative cities, government policies that drive innovation, and government as an competitive advantage. For each strategic direction, the letter recommends steps that would align the country's key assets- people, technology, infrastructure, and government- to these strategic goals.

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