The Czech Republic is now ahead of Spain in terms of GDP per capita adjusted to purchasing power parity (PPP). At least according to the latest OECD data, which show the country ranked 27th among the organisation’s 36 member states, with Spain one place behind, news site Aktuálně reports. However, the country still ranks bellow the EU average.
Czechs are living longer, but many do not live well in retirement – in terms of both their physical and financial well-being. With the population rapidly aging, the nation’s already low level of “life expectancy in health” is set to further decline. The Czech government has asked the OECD to help determine how best to make the pension system sustainable. Experts say changing seniors’ dietary and lifestyle habits is a key part of the solution.
The Labour and Social Affairs Ministry will ask the Organization for
Economic Cooperation and Development (OECD) for an analysis of the Czech
Republic’s pension system and a set of ensuing recommendations on reform
which would make it sustainable long-term.
The study should be the basis of a government reform which could be concluded in 2021, the ministry said. Reforming the country’s pension system was one of the government’s stated policy priorities, but no plan for reform has so far been unveiled.
Despite the Czech school system maintaining a relatively strong position in international testing, the ratio of what the country’s teachers earn in comparison to other university graduates is among the lowest in the OECD. The government’s manifesto promises to increase the amount of investment in schooling, but it will likely be a long time before the effects become evident.
General Secretary of the OECD, Ángel Gurría, is set to arrive in Prague
on Sunday. Mr Gurría will present the organisation’s regular economic
survey and the environmental performance review of the Czech Republic.
OECD’s Secretary General is scheduled to hold meetings with PM Andrej Babiš, as well as with several other high-level officials on Monday. He will also meet with the representatives of the Technology Agency of the Czech Republic and with the leaders of the unions.
The Czech Republic should step up its efforts to detect, investigate and prosecute foreign bribery, according to a new OECD report released on Thursday. The report, which evaluates the country’s implementation of the Convention on Combating Bribery of Foreign Politician in International Business Transactions, says Prague must improve its system combating foreign bribery, especially in view of the country’s export-oriented economy. Seventeen years after ratifying the OECD Anti-Bribery Convention, the Czech Republic has yet to prosecute a case involving the bribery of foreign public officials.
The mortality rate during childbirth in the Czech Republic has fallen between 2000 and 2013 to 1.2 per thousand from 2.1 per thousand and is now one of the lowest rates among developed countries, Minister of Heath Svatopluk Němeček announced on Wednesday. He highlighted though the fact that women are now giving birth a lot later with women now on average having their first child at the age of around 28, around six years later than at the start of the 1990s. Older women have a higher risk of complications during childbirth.