India with its population of around 1.4 billion and growth rate for 2016 of just over 7.0 percent is clearly an appetising market for anyone. But it’s sheer size, reputation for bureaucratic obstacles, and the time and expense of opening markets also makes it a daunting challenge for most exporters.
The new US ambassador to the Czech Republic, Stephen B. King, said at a
meeting with journalists on Thursday that his primary goal is to support
the development of economic relations between the two countries.
Ambassador King, who handed his credentials to President Miloš Zeman on Wednesday, said the meeting with the Czech head of state had been honest, open and fruitful. He expressed the hope to soon hold talks with the country’s new prime minister, Andrej Babiš, and Martin Stropnický who is to head the Foreign Ministry.
The new EU ambassador released a video on Facebook in which he introduced himself to the Czech public.
The Czech Republic’s foreign trade surplus in October slumped by five billion crowns year-on-year to 9.7 billion crowns, according to preliminary data released by the Czech Statists Office on Thursday.Compared to the previous month, exports in October increased by 0.7 percent and imports by 2.2 percent.
A growing number of Czech companies are aware of the need to have a profile
on the Internet and be active on social networks, the ctk news agency
reports. The results of a poll indicate that thirty four percent of Czech
firms now have a profile on the web, up from 15 percent just three years
Eighty-three percent of firms with ten or more employees present their activities on the Internet which is double the number compared to the year 2,000. Even so Czech companies are still lagging behind other EU member states in this respect. Among the most active are travel agencies, companies engaged in the tourist industry, real estate and media companies.