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.
The Czech Republic had a 11.9 billion crown surplus in the trade in goods
in January 2018. Exports rose by 0.4 percent and imports by 4.2 percent
compared with the same month in 2017.
The latest figure is 9.4 billion lower than the surplus during the same month in 2017.
One of the main factors in the diminished surplus was a significant 3.7 billion drop in the exports of vehicles as well as higher deficits in trade of basic metals and agricultural products.
That was offset slightly by a 1.9 billion crown dent in the deficit for crude petroleum and natural gas.
More and more Czech women are opening their own e-shops, according to a survey by the company Shoptet, providing a platform for some 13,000 online stores. Citing the findings, every sixth e-shop on average is owned by a businesswoman rather than businessman, Czech Radio reports. For many, opening an online store begins from a hobby, anything from clothing for pets, to doll collecting or board games. Gradually, their passion becomes their business.
A fundamental shake-up of two pillars of Czech state export support is
supported by the Ministry of Industry and Trade, according to the news
Under the plans the Czech Export Bank, which gives soft loans to help exports in risky countries, would become a daughter company of the state export insurer, EGAP.
The ministry is seeking a radical transformation at both institutions. The mooted transformation would have to be approved by the Czech National Bank and the government.
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