The Czech Republic is actively seeking foreign workers to fill approximately 200,000 job vacancies, a move highlighted as vital for bolstering the nation’s infrastructure. Labor Minister Marian Jurečka emphasized this need during a meeting of the Government Committee for Strategic Investments.
Jurečka outlined that the current labor shortage in Czechia is hampering the country’s economic growth, directly impacting the Czech GDP. He estimated that filling these vacancies with foreign workers could contribute an additional CZK 40 billion to the national budget.
Prime Minister Petr Fiala, addressing the same meeting, emphasized the urgency of the situation. He pointed out that neglect in several areas by previous administrations poses a risk to Czech competitiveness. To invigorate the economy and ensure its sustained growth, Prime Minister Fiala stressed the importance of hiring more foreign workers. This strategic move not only addresses the immediate labor shortfall but also enhances the nation’s overall economic attractiveness.
Labor Minister Jurečka expanded on this strategy, suggesting that besides recruiting workers from other European countries, Czechia should consider attracting talent from Vietnam and the Philippines. His rationale was to efficiently tap into a diverse labor pool while ensuring cultural and values alignment.
The President of the Czech Chamber of Commerce, Zdeněk Zajíček, echoed these sentiments, highlighting that insufficient investment in strategic infrastructure could deter new investors and lead to the departure of existing companies.
Minister of Transport Martin Kupka emphasized the necessity of increasing investments in transport infrastructure post-2026 to over CZK 300 billion annually. He stated that easy mobility within the Czech Republic is a fundamental pillar of national success.
Czechia’s recent unemployment rate has been one of the lowest in the EU, standing at approximately 3.4 percent. The country already hosts nearly 1 million foreign workers, constituting around 15 percent of the adult workforce.
This proactive approach by the Czech government signifies its commitment to address labor shortages strategically, ensuring both economic growth and the continued prosperity of the nation.
FCHAIN Corporation also operates in Czechia and provides comprehensive financial services for businesses.
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