The Czech Republic needs new reforms to boost productivity, improve economic growth and accelerate convergence toward the levels of income and well-being seen in the most advanced European countries, according to a new OECD report.
Growth picked up strongly in 2015 thanks to a combination of temporary effects, mostly absorption of expiring EU funds and low commodity prices, but the recovery since the global crisis has been uneven, mainly because of volatile investment.
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Skills and education are particularly important for success in the Czech Republic, with a larger than average impact of education on employment and wages.
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Czech SMEs are too dependent on bank financing. A more diversified set of financing options would strengthen SMEs and decrease their vulnerability to business cycle fluctuations and the credit environment.
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This note presents selected findings based on the set of well-being indicators published in How's Life? 2016.
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The Czech Republic has the 8th highest tax wedge among the 34 OECD member countries in 2015. The country occupied the same position in 2014. The average single worker in the Czech Republic faced a tax wedge of 42.8% in 2015 compared with the OECD average of 35.9%.
The tax burden on labour income is expressed by the tax wedge, which is a measure of the net tax burden on labour income borne by the employee and the employer.
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Agricultural research fellowship award grants and international conferences sponsorships of the Co-operative Research Programme (CRP): Biological Resource Management for Sustainable Agricultural Systems; advice for applicants for funding.
The 2015 edition introduces more detailed analysis of participation in early childhood and tertiary levels of education. The report also examines first generation tertiary-educated adults’ educational and social mobility, labour market outcomes for recent graduates, and participation in employer-sponsored formal and/or non-formal education.
In 2014, the Czech Republic provided USD 209 million in net ODA (preliminary data). This represented 0.11% of gross national income (GNI) and an increase of 2.5% in real terms from 2013.