Government earmarks 750 million for new industrial zone in Karviné

The Czech government on Wednesday approved the establishment of an industrial zone in Karviné which would attract investors and create up to 2,000 new jobs in a region with traditionally high unemployment. The zone which should spread over an area of 90 hectares is to be constructed between 2016 and 2018 with a financial injection from the state amounting to 750 million crowns. The overall cost of the enterprise is estimated at 1.2 billion crowns. The zone is to be built on the site of former brown coal mines.