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The Czech Republic General Introduction Petr Sládeček 5/24/2016 [email protected]

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Page 1: The Czech Republic - Webnodefiles.sladecek.webnode.cz/200005612-bf904c08a2/Georgetown...7 The Czech Republic 50 05 ′N 14 28 ′E50.083 N 14.467 E Official language(s) Czech Population

The Czech RepublicGeneral Introduction

Petr Sládeček5/24/2016

[email protected]

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Lecturer

Petr Sladecek

• Studied MBA Senior Executive at The Open University London and Nottingham Trent University / BIBS Brno.

• Twenty years of work in management (Czech Television, TV Nova, CME London, FEBIOFEST), fifteen years of teaching and lecturing (Academy of Performing Arts Prague, Faculty of Social Sciences, Charles University Prague, College of Journalism Prague) and consulting (media, management).

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Contents

1. GENERAL INFORMATION2. HISTORY - brief look to the mirror3. ECONOMY - history and present development4. ECONOMY - present and near future forecast5. BUSINESS - conditions for doing business6. SOCIETY, CULTURE and LIFESTYLE

- values, patterns, customs and habits

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1. GENERAL INFORMATION

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Source: http://www.klima.cz/images/mapa_CR.jpg

Welcome to the Czech Republic:: https://www.youtube.com/watch?v=CUnN8WwYF0U

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Bohemia, Moravia and Silesia

The Czech Republic is divided into 14 regions (Higher Territorial Self-governing Units) now,

which came into effect on 1st January 2000. The Basic Territorial Self-governing Unit is the municipality.

Source: eoearth.org

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The Czech Republic

50°05′N 14°28′E50.083°N 14.467°E

Official language(s) Czech

Population – 2011 census 10,562,214 – Density 134/km2 (84th)341/sq mi

Labour – 5,3 million

Ethnic groups (2011, census) 63.7% Czechs, 4.9% Moravians, 0,1 % Silesians, 1.4% Slovaks, 0.4% Poles, 0.1% Germans, 0.5 % Ukrainians, 0.2% Russians, 26% others / undeclared. Foreign permanent residents – 5% of the total population (118,000 Ukrainians, 84,000 Slovaks, 83,000 Vietnamese, 36,000 Russians)

Area – Total 78,866 km2 (116th)

Capital – Prague

Major cities – Prague (1,257,158), Brno (371,371), Ostrava (303,609), Plzen (168,808), Liberec (101,865), Olomouc (100,233), Usti nad Labem (95,464), Ceske Budejovice (94,754),Hradec Kralove (94,318), Pardubice (90,401)

Neighbourhood with Poland (716 km), Germany (810 km, Austria (466 km) and Slovakia (215 km).

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The Czech Republic

Czech Government – Parliamentary republic, representative democracy: President Miloš Zeman, Prime Minister Bohuslav Sobotka

Legislature – Parliament: Upper house Senate, Lower house Chamber of Deputies

Formation – Principality of Bohemia c. 870 - Kingdom of Bohemia 1198 – Czechoslovakia 28 October 1918 - Czech Republic 1 January 1993

GDP (PPP) 2015 – Per capita $31, 549GDP (current prices) 2015 – Per capita $17,257

Unemployment 5,1 % (2015)

Average Gross Income 26 467 CZK (2015)

HDI (2015) 0.870 (28th)

Religion 34.2% of the population stated they had no religion, 10.3% was Roman Catholic, 0.8% was Protestant (0.5% Czech Brethren and 0.4% Hussite), and 9.4% followed other forms of religion both denominational or not (of which 863 people answered the are Pagan) 45.2% of the population did not answer question about religion. Source: Czech National Census, 2011

Currency Czech koruna (CZK) Exchange rate 1 EURO = 27 CKR, 1 USD = 24 CKR , app.

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PAST(AND PRESENT)

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2. HISTORYbrief look to the mirror

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The Celts(5th century BC–2nd century AD)

Source:http://www.os-obroda.cz/grafika/clanky/foto4-keltove.jpg

Source:http://www.kevinwafer.com/celts/images/map.jpg

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Great Moravia(9th century)

Source:http://upload.wikimedia.org/wikipedia/commons/thumb/7/7f/Cyril_and_Methodius.jpg/220px-

Source:http://upload.wikimedia.org/wikipedia/commons/thumb/9/98/Great_moravia_svatopluk.png/220px-

Cyril and Methodius

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St. Wenceslaus, Duke of Bohemia(907– 935)

Source: http://regiony.ic.cz/clanky/praha/vaclav_v.jpg

Source: http://media.novinky.cz/110/301107-original1-u8e56.jpg,foto Michal Kamaryt, ČTK Let us listen to a famous Chrismas carol now: https://www.youtube.com/watch?v=low_UI9zUfk

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Charles IV, Holy Roman Emperor(1316–1348)

Source: http://i.idnes.cz/11/032/cl6/VOT1558a7_Karluv_most.jpg

http://upload.wikimedia.org/wikipedia/commons/thumb/1/16/Charles_IV-John_Ocko_votive_picture-fragment.jpg/250px-Charles_IV-John_Ocko_votive_picture-fragment.jpg

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The Hussites Movement(1415–1419–1434–1471)

Source:http://www.studentpoint.cz/data/resized/files/vzdelani/620x1000-8200-jan-hus-pomnik-upraveno.jpg

Source:http://www.fototuristika.cz/data/wysiwyg/tips/450/image/jezdeck%C3%A1_socha_Jana_%C5%BDi%C5%BEky_1.jpg

Source:http://nd04.jxs.cz/111/093/ef3e2c56df_74522828_o2.jpg

Jan Zizka

Jiri z PodebradJan Hus

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The Habsburgs(1526–1918)

Giuseppe Arcimboldo, Rudolf II, 1590, foto wikimedia

Martin van Meytens, Marie Theresa with her family, 1754, foto wikimedia

Maria TheresaRudolf II

Georg Decker, Joseph II, 1770

Franz Joseph I

Julius von Blaas, Kaiser Franz, 1923,foto wikimedia Joseph II

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The Protestant Revolt,Re-catholization (1618–1648)

Szymon Czechowicz, Martyrdom of St. John of Nepomuk, 1750, foto wikimedia

St. John of NepomukBattle of White Mountain,1620

Foto: wikimedia

Rembrandt, Portrait of an Old Man, 1661, foto wikimedia

Comenius Czech Baroque

Foto: http://www.kralovskacesta.cz/data/media/foto/large/dsc00847.jpg

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Language and National Revival(late 18th–19th century)

Foto:http://upload.wikimedia.org/wikipedia/commons/5/5d/Jan_Vil%C3%ADmek__Franti%C5%A1ek_Palack%C3%BD.jpg

Foto:http://upload.wikimedia.org/wikipedia/commons/thumb/c/c9/Josef_Jungmann_CT.jpg/228px

Josef V. Hellich, Božena Němcová, 1845, fotohttp://www.orlicky.net/zpravy/11619558921323941956/fotobig3.jpg

Bozena Nemcova

Josef Jungmann

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Czechoslovakia (28/10/1918)

Source:http://www.csr-prezidenti.ic.cz/masaryk.jpg

First PresidentTomas Garrigue Masaryk

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First Republic(1918–1938)

Source:http://www.csr-prezidenti.ic.cz/masaryk.jpg

TGM

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The Protectorate of Bohemia and Moravia – Nazi Occupation

(1939–1945)

Foto: http://leccos.com/pics/pic/mnichovska_dohoda-_mapa.jpg

Foto: wikimedia

Munich Agreement, 1938

Foto:http://storage.bontonfilm.cz/images/large/983400b15a97c31f025618627 abe7b5b.jpg

Film „Osvobozeni Prahy“, dir. Otakar Vavra, 1975

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Third Republic(1945–1948)

Source:Beneš ve fotografii, Orbis, Praha 1945

Edvard Benes

Source: Břetislav Hanuš, http://www.socrealismus.info/plakaty/cs/40leta/slides/1945cca_bretislav_hanus.jpg

Source:http://www.socrealismus.info/plakaty/cssr/40leta/slides/1948_sobotka.jpg

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The Socialist Czechoslovakia(1948–1989)

Foto:http://upload.wikimedia.org/wikipedia/commons/thumb/d/df/Letna_stalin_sousosi.jpg/800pxFoto:http://sphotos.xx.fbcdn.net/hphotos-ash3/525180_410959508929711 _173002446058753_1454814_1342821012_n.jpg

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The Czech Republic(1/1/1993)

http://cms.parlamentnilisty.cz/content/images/0/12968598.jpg

Vaclav Havel Vaclav Klaus1999 2004

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3. ECONOMYhistory and present

development

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Industrial Development(19/20th century)

Foto: http://cr.ic.cz/clanky/para/1020m.jpg

http://maxl.g6.cz/image/portret/Emil_Skoda.jpg

Foto: http://www.cbx.ro/uploads/pics/tatra_president_1897.jpg

Josef Ressel

Emil Skoda

Foto: www.securityprinting.org/akcie/obory/280/12800_055_ceskomoravska_kolben_danek.jpg

Emil Kolben

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Industry (20th century)

Source:http://oidnes.cz/10/042/cl6/WEB327cc2_Bata_1.jpg.JPG

Source: http://www.cestazapravdou.cz/vlcms/statichtml/202/bata.jpg

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28Source: http://images.nationmaster.com/images/motw/europe/czechoslovakia_resources_1974.jpg

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29Source: http://images.nationmaster.com/images/motw/europe/czechoslovakia_industry_1974.jpg

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Industrial Heart of EuropeEmployment of People Under 40, 2012

COUNTRY AGRICULTURE INDUSTRY SERVICES

CZECH 2,1 % 39,3 % 58,6 %

POLAND 9,1 % 31.8 % 59 %

GERMANY 1,1 % 27,5 % 71 %

SLOVAKIA 2,1 % 38,3 % 59,3 %

HUNGARY 3,9 % 31,6 % 64,4 %

ROMANIA 22,8 % 28,7 % 47,9%

ITALY 2,8 % 30,8 % 63,8 %

Average EU 3,7 % 25,2 % 69,4 %

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Top Ten Czech Companies

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Export Destinations, 2015

Source: fxtradermagazine.com

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Key Macroeconomic Indicators(2011-2015)

Czech Official Sources

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Czech Republic: key macroeconomic indicatorsSources: CZSO, Ministry of Labour and Social Affairs of the CR, CNB, Ministry of Finance of the CR and Czech Hydrometeorological Institute(the data will be updated to the first working day of months, as follows: January, February, March, April, July and October)

I n d i c a t o r 2011 2012 2013 2014 2015

Real economy indicatorsGDP CZK bn, current p. 4 022,5 4 041,6 4 077,1 4 260,9 4 472,3GDP per capita CZK/cap, curr. p. 383 218 384 575 387 900 404 843 424 201GDP per capita in PPS PPS/capita, curr.p. 21 577 21 731 22 180 23 207GDP %, y/y, real terms 2,0 -0,9 -0,5 2,0 4,2Final consumption expenditure %, y/y, real terms -0,7 -1,5 1,2 1,6 2,8Household consumption %, y/y, real terms 0,3 -1,5 0,7 1,5 2,8Gross capital formation expenditure %, y/y, real terms 1,8 -4,1 -5,0 4,4 9,9Gross fixed capital formation expenditure%, y/y, real terms 1,1 -3,2 -2,7 2,0 7,3Exports of goods and services %, y/y, real terms 9,3 4,2 0,1 8,8 7,1Imports of goods and services %, y/y, real terms 6,7 2,6 0,2 9,8 7,9Domestic effectiv demand %, y/y, real terms -0,2 -1,9 0,1 1,6 4,0GDP deflator %, y/y -0,2 1,4 1,4 2,5 0,7Gross disposable income CZK bn, current p. 3 680,7 3 753,9 3 794,8 3 890,2 4 094,9Gross national saving CZK bn, current p. 904,4 973,3 963,5 991,5 1 102,3Gross national saving rate % 24,6 25,9 25,4 25,5 26,9Gross household saving rate % 11,2 11,5 11,0 11,2 8,8Aggregate labour productivity %, y/y 2,1 -1,0 -0,6 1,3 3,1Unit labour costs %, y/y -0,8 2,0 0,5 1,1 -1,3

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Czech Republic: key macroeconomic indicatorsSources: CZSO, Ministry of Labour and Social Affairs of the CR, CNB, Ministry of Finance of the CR and Czech Hydrometeorological Institute(the data will be updated to the first working day of months, as follows: January, February, March, April, July and October)

I n d i c a t o r 2011 2012 2013 2014 2015

Real economy indicatorsEnergy specific consumption GJ/th. CZK, cons. p. 0,44 0,44 0,44Total antropogenic emissions and removals of CO2%, y/y -3,0 -4,0 -2,5Industry - sales %, y/y, current p. 7,6 1,7 1,5 8,9 2,5Construction output %, y/y, real terms -3,6 -7,6 -6,7 4,3 7,1Services - sales %, y/y, real terms -1,9 -0,4 -0,2 1,0 2,6Agriculture - sales %, y/y, real terms 8,2 3,1 -2,1 11,0 7,6All first job holders in NE %, y/y -0,3 0,4 1,0 0,8 1,4ILO general unemployment rate %, avrg. 6,7 7,0 7,0 6,1 5,0Long-term unemployment rate %, avrg. 2,7 3,0 3,0 2,7 2,4Registered unemployment rate %, avrg. . . . . .Registered unemployment rate (new meth.)%, avrg. 8,57 8,60 . . .Share of unemployed persons %, avrg. 6,70 6,76 7,68 7,70 6,57

%, y/y 2,5 2,5 -0,1 2,3 3,4Average real wages 1) %, y/y 0,6 -0,8 -1,5 1,9 3,1Avrg. old-age pension/avrg. Wage % 42,0 41,6 42,3 42,0 41,7CPI %, y/y, avrg. 1,9 3,3 1,4 0,4 0,3CPI %, y/y, Dec 2,4 2,4 1,4 0,1 0,1PPI - industry %, y/y, avrg. 5,6 2,1 0,8 -0,8 -3,2PPI - construction work %, y/y, avrg. -0,5 -0,7 -1,1 0,5 1,2PPI - market services %, y/y, avrg. 0,9 -0,6 -1,5 0,3 0,0PPI - agricultural producers %, y/y, avrg. 21,2 3,8 4,5 -3,7 -6,0Prices of exports of goods %, y/y, avrg. 1,7 2,9 1,2 3,5 -1,7Prices of imports of goods %, y/y, avrg. 4,3 4,2 -0,2 1,9 -1,9Exchange rates %, y/y, avrg. -2,5 -1,2 1,4 1,6 0,2

Average gross nominal wages 1)

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Czech Republic: key macroeconomic indicatorsSources: CZSO, Ministry of Labour and Social Affairs of the CR, CNB, Ministry of Finance of the CR and Czech Hydrometeorological Institute(the data will be updated to the first working day of months, as follows: January, February, March, April, July and October)

I n d i c a t o r 2011 2012 2013 2014 2015

Monetary indicatorsCZK/EUR avrg. 24,586 25,143 25,974 27,533 27,283CZK/USD avrg. 17,688 19,583 19,565 20,746 24,6Nominal effective exchange rate % 103,0 99,3 97,0 91,9 91,0Real effective exchange rate % 102,9 99,5 97,8 94,2 92,2M1 * %, y/y 6,0 8,9 7,0 10,9 11,4M2 * %, y/y 3,7 4,9 4,6 6,4 8,5M3 * %, y/y 3,1 5,3 5,4 5,7 8,2Current account (CA) of balance of paymentsCZK bn -84,8 -63,3 -21,8 7,5Financial account (FA) of balance of paymentsCZK bn -74,8 11,7 68,3 63,1FA - Reserve assets CZK bn -17,2 80,5 188,2 73,1CA/GDP % -2,1 -1,6 -0,5 0,2FA/GDP % -1,9 0,3 1,7 1,5CNB international reserves (CNB IR) CZK bn 803,4 855,3 1 118,4 1 244,3 1 600,9CNB IR/GDP % 20,0 21,2 27,4 29,2 35,8Coverage of goods & services imports by CNB IRmonth 3,5 3,5 4,6 4,5 5,4

Fiscal indicatorsGeneral government deficit (surplus) CZK bn -110,1 -159,6 -51,1 -83,1 -18,7General government deficit (surplus)/GDP% -2,7 -3,9 -1,3 -1,9 -0,4State budget balance CZK bn -142,8 -101,0 -81,3 -77,8 -62,8State budget balance/GDP % -3,5 -2,5 -2,0 -1,8 -1,4General government debt CZK bn 1 606,5 1 805,4 1 840,4 1 819,1 1 836,2General government debt/GDP % 39,9 44,7 45,1 42,7 41,1State debt CZK bn 1 499,4 1 667,6 1 683,3 1 663,7 1 673,0State debt/GDP % 37,3 41,3 41,3 39,0 37,4

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Household Spending Structure, 2010 - 2014

Source: Czech Statistical Office

2010 2011 2012 2013 2014

2 840 2 839 2 811 2 840 2 830 Households

Per household averages:

2,26 2,26 2,26 2,26 2,23 Members

1,01 0,99 1,01 1,01 1,00 working persons

0,57 0,58 0,57 0,57 0,55 dependent children

0,52 0,53 0,53 0,54 0,53 non-working pensioners

0,16 0,16 0,15 0,14 0,15 other members

164 047 163 235 170 332 169 276 174 809 GROSS MONEY INCOME, TOTAL

145 437 145 081 152 125 150 488 154 992 NET MONEY INCOME, TOTAL

148 629 150 369 152 581 152 067 154 969 GROSS MONEY EXPENDITURE, TOTAL

130 019 132 215 134 374 133 279 135 153 NET MONEY EXPENDITURE, TOTAL

by purpose:

116 244 117 882 118 819 120 827 122 049 A. Consumption expenditure

13 774 14 333 15 555 12 452 13 103 B. Non-consumption expenditure

Annual averages per capita in CZK:

116 244 117 882 118 819 120 827 122 049 CONSUMPTION EXPENDITURE

22 484 22 546 23 777 24 448 24 800 01 Food and non-alcoholic beverages

3 237 3 383 3 381 3 386 3 505 02 Alcoholic beverages, tobacco

5 805 5 654 5 595 5 720 5 978 03 Clothing and footwear

25 194 26 326 26 230 26 847 26 211 04 Housing, water, electricity, gas and other fuels

7 265 7 294 6 857 6 649 6 932 05 Furnishings, household equipment and routine household maintenance

3 165 3 231 3 330 3 168 3 228 06 Health

12 409 12 889 12 732 13 240 12 805 07 Transport

5 322 5 255 5 283 5 209 5 132 08 Communication

11 823 11 588 11 289 11 225 11 557 09 Recreation and culture

791 729 778 670 722 10 Education

5 823 5 990 6 258 6 225 6 509 11 Restaurants and hotels

12 927 12 998 13 310 14 040 14 670 12 Miscellaneous goods and services

Structure (%):

100,0 100,0 100,0 100,0 100,0 CONSUMPTION EXPENDITURE

19,3 19,1 20,0 20,2 20,3 01 Food and non-alcoholic beverages

2,8 2,9 2,8 2,8 2,9 02 Alcoholic beverages, tobacco

5,0 4,8 4,7 4,7 4,9 03 Clothing and footwear

21,7 22,3 22,1 22,2 21,5 04 Housing, water, electricity, gas and other fuels

6,2 6,2 5,8 5,5 5,7 05 Furnishings, household equipment and routine household maintenance

2,7 2,7 2,8 2,6 2,6 06 Health

10,7 10,9 10,7 11,0 10,5 07 Transport

4,6 4,5 4,4 4,3 4,2 08 Communication

10,2 9,8 9,5 9,3 9,5 09 Recreation and culture

0,7 0,6 0,7 0,6 0,6 10 Education

5,0 5,1 5,3 5,2 5,3 11 Restaurants and hotels

11,1 11,0 11,2 11,6 12,0 12 Miscellaneous goods and services

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Household Spending Structure (old data, nice overview)

2007 2008 2009 2010 1Q11 2Q11 3Q11

Years

/

Quarters

Source: Czech Statistical OfficeEU cosumer prices, 2016: http://zpravy.aktualne.cz/finance/nakupovani/kolik-zaplatite-za-pivo-jidlo-ci-obleceni-projdete-si-porovn/r~e5916106169111e68afb002590604f2e

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Allianz GlobalWealth Report,2015

Personal Savings

Source:https://www.allianz.com/v_1444215837000/media/economic_research/publications/specials/en/AGWR2015_ENG.pdf

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Strong Areas of the Czech Economy

1. Economic Growth2. Low Unemployment and Inflation3. Low Public Debt (Government Debt to GDP)

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EU Countries Real GDP Growth RateVolume, 2015

Source: Eurostat, http://ec.europa.eu/eurostat/tgm/graph.do?tab=graph&plugin=1&language=en&pcode=tec00115&toolbox=type

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GDP per capita (EU rank 16, 2015)

Source: Eurostat, European Commission Czech Republic Country Report, 2016

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EU Countries Unemployment Rate, 2015

Source: Eurostat, http://ec.europa.eu/eurostat/tgm/graph.do?tab=graph&plugin=1&language=en&pcode=tipsun20&toolbox=type

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EU Countries Harmonised Inflation, 2015

Source: Eurostat, http://ec.europa.eu/eurostat/tgm/graph.do?tab=graph&plugin=1&language=en&pcode=tec00118&toolbox=type

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EU Countries Government Debt as % of GDP, 2015

Source: Eurostat, http://ec.europa.eu/eurostat/tgm/graph.do?tab=graph&plugin=1&language=en&pcode=tsdde410&toolbox=type

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FUTURE(AND PRESENT)

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FUTURE???

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Economic Growth, 2030IMF, 2010

??????

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Source: The European Environment – State and Outlook – Assessment of Global Megatrends (SOER 2010),

European Environment Agency, Web: eea.europa.eu 49

??????

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4. ECONOMYpresent and near future

forecast

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Europe 2020: Strategy for Smart, Sustainable and Inclusive Growth

Source: http://ec.europa.eu/europe2020/

Headline targets IndicatorsCzechRepublic

75 % of the population aged 20-64 should be employedEmployment rate by gender, age group 20-64

75(2015)

3% of the EU's GDP should be invested in R&D Gross domestic expenditure on R&D (GERD)2

(2014)

Reduction of the greenhouse gas emissions by 20% compared to 1990Increase in the share of renewable energy sources in final energy consumption to 20%20% increase in energy efficiency

Greenhouse gas emissions, base year 199010%

(2012)

Share of renewables in gross final energy consumption12

(2013)

Energy intensity of the economy (proxy indicator for Energy savings, whichis under development)

531.9430(2009)

The share of early school leavers should be under 10% and atleast 40% of 30-34 years old should have completed a tertiary orequivalent education

Early leavers from education and training by gender5,8

(2015)

Tertiary educational attainment by gender, age group 30-3428

(2014)

Reduction of poverty by aiming to lift at least 20 million people out of the risk of poverty or social exclusion

People at risk of poverty or social exclusion (union of the three sub-indicators below)

15(2014)

People living in households with very low work intensity520

(2010)

People at-risk-of-poverty after social transfers936

(2010)

Severely materially deprived people644

(2010)

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52Source: http://www.mfcr.cz/en/statistics/macroeconomic-forecast:

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5. BUSINESScondition for doing business

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Main Reasons to Invest in the Czech Republic

Source: www.czechinvest.cz

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BUSINESScondition for doing business

Skilled and Educated Workforce

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56Source: http://mavoieproeurope.onisep.fr/en/files/2012/11/rep_tcheque_en.jpg

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57Source: http://www.cedefop.europa.eu/en/publications-and-resources/country-reports/czech-republic-skills-forecasts-2025

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58Source: http://www.cedefop.europa.eu/en/publications-and-resources/country-reports/czech-republic-skills-forecasts-2025

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59Source: http://www.cedefop.europa.eu/en/publications-and-resources/country-reports/czech-republic-skills-forecasts-2025

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BUSINESScondition for doing business

Favourable Labour Costs

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Favourable Labour CostsGraph: Labour cost of the whole economy in EUR, 2015

Source: http://ec.europa.eu/eurostat/statistics-explained/images/c/cf/Estimated_labour_costs_for_the_whole_economy_in_EUR%2C_2015.png

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0-14

years

14%

15-64

years

69%

65+ years

18%

Population split by age, 2011

By 2050:

- 15-64 years will likely to drop to 56%- 65+ years will likely to increase to 32%- 14- years will likely to drop to 13%

38% of people will be employed (it is about 47% now)

Source: Czech Statistical Office, 2013

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Czech Workforce 1990´–2016My personal SWOT analysis

STRENGTHS 1. Creative, inventive2. Team players3. Technically competent (ICT)4. Problem solvers5. Tolerant

WEAKNESSES 1. Lacking strategy, direction2. Soft management skills

(time mgmt, communication)3. Low lateral mobility4. Problems with Quality5. Ethical issues

OPPORTUNITIES1. Leadership2. Motivation3. Training

THREATS1. EU desintegration2. Political populism, radicalism3. Terrorism, War4. Bureaucracy paralysis5. Trap of political correctness

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BUSINESScondition for doing business

Competitiveness

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65Source: http://reports.weforum.org/global-competitiveness-report-2014-2015/economies/#indexId=GCI&economy=CZE

2014 - 2015

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66Source: http://reports.weforum.org/global-competitiveness-report-2014-2015/economies/#indexId=GCI&economy=CZE

2014 - 2015

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IMD World Competitiveness Yearbook 2015

The Czech Republic

• Overall 29 (33)• Economic Performance 26 • Government Efficiency 31 • Business Efficiency 31• Infrastructure 30

Source: http://www.imd.org/uupload/imd.website/wcc/scoreboard.pdf

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6. SOCIETY, CULTUREand

LIFESTYLE

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69Source: https://en.wikipedia.org/wiki/List_of_countries_by_Human_Development_Index:

HDI (Human Development Index), 2015

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Source: http://www.yabiladi.com/img/content/EIU-Democracy-Index-2015.pdf

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Czech Parliamentary Elections Results 2013

Source: https://en.wikipedia.org/wiki/Czech_legislative_election,_2013

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…measures the perceived levels of public sector corruption in 176 countries and territories around the world. The Czech Republic ranks 37 (53) on Transparency International’s 2015 Corruption Perception Index (CPI).

Corruption (CPI Index)

Source: Transparency International, http://www.transparency.org/cpi2015

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PROS CONS

• Strong economic rebound over last twoyears. (p. 1)

• Weak fiscal framework in terms of long-term sustainability of public finances (p. 2)

• Poverty and social exclusions remainamong the lowest in the EU (p. 1, 22)

• Inefficiencies in public administration and governance (p.2)

• Trade balance surplus, high proportion ofhigh-tech products in export (p. 25)

• Inefficiencies in business environment, high administrative burden (p.2, 8)

• Stable financial sector, both from capitaland liquidity perspective (p. 6)

• Impediments in the research and innovation system (p.1)

• One of the lowest shares of low skilledworkers in the EU (p. 18)

• High rate of tax evasion, high costs oftax compliance (p. 2)

• Access to healthcare (p. 17) • Transport infrastructure - roads (p. 3)

• The early school leaving rate is amongstthe lowest in the EU (p. 23)

• Energy and carbon intensity of economy(p. 3, 35)

• Significant increase in investment in R&D in recent years (p. 37)

• Labour productivity stagnating (p. 3)

Source: http://ec.europa.eu/europe2020/pdf/csr2016/cr2016_czech_en.pdf

Country Report, 2016

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Science

During the last decade, Czech science has made many discoveries and inventions and created innovative procedures, which have expanded the boundaries.

Truvada: So far, the most effective anti-AIDS drug.Hepsera: A drug for Hepatitis BMemrec: A computer controlled by eye movementAutomatic transcription of the spoken wordNanospiderQuantum memory for lightCancerous cell divisionGamma radiation researchA compound to prevent the reproduction of the HIV virusIdentifying criminals by the way they walk

More at

http://www.czech.cz/en/Education/Science-and-research/Czech-scientific-successes/The-most-significant-current-discoveries

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Science

More at http://www.nytimes.com/2012/05/23/business/global/to-czech-industry-everything-is-nano.html?pagewanted=all&_r=0

Leader in nanotechnologies: 150 companies (e.g. Kertak, Elmacro, Nanovia, Nafigate), 100+ public and private R&D centres

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Fashion & Design

Foto: wallpaper.com, meetczechdesign.cz

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Arts

Foto: http://denikreferendum.cz/assets/pictures/4521/hp_main/n9446488204_378719_6398.jpg?1272532144, http://photo.goodreads.com/books/1172803153l/219318.jpg, http://www.antonin-dvorak.cz/images/pruhledny-portretAD.gif

Karel Capek

Milan Kundera

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Arts

Foto: http://www.antonin-dvorak.cz/images/pruhledny-portretAD.gif, http://www.arara.cz/i/imgs_orig/018/117018.jpghttp://www.artesmon.cz/cz/files/products/716%20-%20Viola%20Bohuslava%20Martinu_m.jpg, http://cps-static.rovicorp.com/3/JPG_250/MI0000/991/MI0000991036.jpg?partner=allrovi.com

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Patterns of CultureLifestyle

„hospoda“

„fesťák“

„miniskirts“

„knedliky“

„becherovka“

„ice-hockey“

„karel gott“

AND… ☺

Jára Cimrman

„výlet“

„pets“

„folk arts“

Czech Facts: True or False? https://www.youtube.com/watch?v=f9AixyNA5dw

„chata“

„pivo“

„bazén“

„herny“

„sběratelství“

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And this is

THE END

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And the final symbol:

The Bridge…

http://www.praguecityline.cz/wp-content/gallery/karluv-most-fotogalerie/pha1-karluv

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Thank you for your time and attention

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Sources and Supporting Addresses:

- VEČERNÍK, Jiří. Czech society in the 2000s: a report on socio-economic policies and

structures. 1st ed. Prague: Academia, 2009. 286 s. ISBN 978-80-200-1750-5.

- ENGLUND, Terje B. The Czechs in a nutshell: a user's manual for foreigners. Praha: Baset, 2004. 279 s. ISBN 80-7340-051-0.

www.oecd.orghttp://epp.eurostat.ec.europa.eu/portal/page/portal/eurostat/home/www.czso.czwww.mfcr.czwww.mpo.czwww.czechinvest.czwww.czech.cz