News

Spotlight issue

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


2019 European Semester: Czechia: Continued economic growth offers a valuable opportunity to intensify structural reforms

The newest European Semester country report issued by the European Commission assesses Czech progress on structural reforms and outlines macroeconomic prevention and correction measures taken by the Czech government in the past years.

25th February 2019 / Competitiveness / Business and Industry


AmCham 2018/2019 Real Estate Update & Outlook

AmCham held its annual Czech real estate update "2018-2019 Commercial Real Estate Review and Outlook" on February 20, featuring Bert Hesselink, CTP, Kevin Turpin, JLL, Katarina Wojtusiak and Klara Bejblova, CBRE, Lenka Sindelarova, BNP Paribas Real Estate.

22nd February 2019 / Competitiveness / Technology, R&D and Innovation


brnodaily.cz: Czech Republic Ranked 6th Best European Country for Startups

An analysis conducted by NimbleFins ranked the top 12 countries in Europe for startup businesses, with the indicators being economic health, cost of doing business, business climate, and the quality of labor force, brnodaily.cz writes.

20th February 2019 / Good governance / Legal Reform and Transparency


Premature dismissal from employment because of unsatisfactory work results?

In our Czech practice, we rather frequently encounter cases in which employers mistake one ground for termination "unsatisfactory work results" for another "violation of work-related duties".

20th February 2019 / Competitiveness / Tax & Finance


Central Europe CFO Survey 2019

Outlook optimistic – but is confidence past its peak?
CFOs from 17 countries throughout CE representing a wide range of industries are positive about the economic outlook and expectations for their own businesses. But some of the gloss has come off recent increases in optimism, and the very high levels recorded in 2018 have not been sustained.

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