Benchmarking of the Czech Republic in the V4 context

About

The Visegrad Group (also known as the “Visegrad Four” or simply “V4”) was formed in 1991 with the aim of reflecting the efforts of the countries of the Central European region to work together in a number of fields of common interest within the all-European integration. Czechia, Hungary, Poland and Slovakia have always been part of a single civilization sharing cultural and intellectual values and common roots in diverse religious traditions, which they wish to preserve and further strenghten. (Source: MVCR, 2020)

What’s trending in the Czech Republic

Nearly two-thirds of companies employ or plan to employ foreign workers. (Hofmann Personal Survey, 2021)
Remote working and hybrid teams are an established practice in the labour market and one of the essential requirements of job seekers. The absence of this benefit can often mean that a candidate does not enter the selection process (Hays Czech Republic).
In 2022, the transaction volume was €1.7 billion, almost the same (+2%) as in 2021. Looking more closely, 2022 was split into two distinct halves. In H1, investment volumes were high (the highest since H1 2020) and exceeded €1.23bn. However, the situation changed in the 2nd half of the year, with only €470 million worth of properties sold. Office buildings remained the best sellers, accounting for almost half (46%) of the annual investment volume with a total value of €789 million. The total value of industrial assets sold was €414 million (24% of all investments) and was only 13% lower compared to the 2017-2019 average before Covid. However, offices fell by 35% and retail space by as much as 60%. Retail property accounted for 23% of total investment in 2022 (€395m in total). (Market in Minutes, Sevills Research 2022)

Global Innovation Index
Rank 2023	Country	Score
31	Czech Republic	44.80
35	Hungary	41.30
41	Poland	37.70
45	Slovakia	36.20
Source: WIPO, 2023

Global Talent Competitivness Index
Rank 2023	Country	Score
23	Czech Republic	62.43
36	Slovakia	54.24
37	Poland	54.10
38	Hungary	53.91
Source: INSEAD, 2023

Quality of Life Index
Rank 2023	Country	Score
23	Czech Republic	163.60
35	Slovakia	148.70
42	Poland	137.40
44	Hungary	133.20
Source: Numbeo, 2023