AmCham Real Estate Council: Czech economy should not get lost in the middle between more developed and developing economies in Europe and the world
AmCham Real Estate Council met on December 1. The world is changing: economies and businesses are in transition. De-risking supply chains results in bringing production closer to consumers. Processes become more and more automated, and there is also the transition from fossil fuels to green energy that needs to be taken into account.
There are opportunities for the Czech Republic to attract new investors, but members of the Council agreed that more supportive investment climate is needed to take advantage of a changing world and to avoid staying behind, or maybe even getting lost in the middle between developed and developing economies in Europe. Land use reform and construction permitting process, as well as tax reforms are needed.
"The AmCham Real Estate Council advocates for reforms in land use planning, permitting processes and economic tax laws to empower and incentivize local, regional and national authorities to attract and accommodate investments that will support the much desired transition to a more innovative and greener Czech economy to avoid getting lost in the middle between more developed and developing economies in Europe and in the world," commented Bert Hesselink, Group Client Director at CTP, Chair of the AmCham Real Estate Council.
The group also discussed planned events. For more details and information on how to join the Council activities, contact Katarina Bendikova at email@example.com.