It was meant to be one of the biggest Chinese investments in the Czech Republic. Now a deal giving the Chinese energy giant CEFC a 50 percent stake in the financial company J&T Finance Group looks highly uncertain as do CEFC’s other activities in the country. The company is reported to be in financial straits and its CEO under arrest for economic crime.
A 1.0 billion crown investment in the Czech Republic to launch production
of what claims to be a revolutionary battery should begin by the middle of
October, say the investment group behind it.
Construction of the factory to produce the HE3DA battery should begin near the eastern Czech town of Havířov on October 16. The investment is being backed by a group of investors called Battery Unite.
The Czech inventor behind the battery says that its sandwich structure of layers give it a revolutionary performance compared with conventional batteries and could revolutionise the global energy scene thanks to its relatively low manufacturing costs and high performance.
A Chinese tire manufacturer plans to build a plant in the Moravian-Silesian
region, President Milos Zeman said during a visit to the region on Tuesday.
Mr. Zeman said he had negotiated with a Chinese company the size of Nexen which wanted to invest in the industrial zone Triangl. According to the president the investment should create 1,500 to 2,000 new jobs.
Although he failed to name the company, the ctk news agency says that billion crown investor could be Linglong Tire which had previously shown an interest in investing in the Czech Republic.
Diplomats pushing Czech economic interests across the world have been gathering in Prague in recent days to discuss latest developments and initiatives. Such diplomats, not just from the foreign ministry but from industry and trade, agriculture, and research have multiplied in the past years with the number of dossiers and projects six times more than just three years ago. One of those taking part was Aleš Opatný, the head of the economic and commercial section at the Czech embassy in London. The London office was picked out for its success last
The Czech Republic should support primarily the kind of foreign investments that help modernize the country and increase its competitiveness, Prime Minister Bohuslav Sobotka said at a conference of Czech economic envoys on Monday. Mr. Sobotka said the it was important to steer the country from being just a production base for the European market to a place of technological innovation and in this respect it was essential to support the kind of investments that would not only create jobs but highly qualified jobs. The prime minister also stressed the need to fight protectionism on the EU market. The meeting of Czech economic envoys deployed at Czech embassies abroad was organized by the Foreign Ministry.
CzechInvest, the state agency for encouraging foreign investment, last year brokered investments totalling 64 billion crowns in the Czech Republic. That’s around 20 billion crowns more than in 2015. The number of new investment projects totalled 16 with the remaining 84 focused on expansion of existing companies. The biggest investors came from the Netherlands, Germany, Austria, and the US. Around 12,100 new jobs are estimated to depend on the new investment. Around a quarter of the new projects covered the high-tech sector.