The Christmas shopping spree in the Czech Republic hit its peak on Monday, December 11, with Czechs spending more than one billion crowns in e-shops in a single day, the Association for Electronic Commerce said on Wednesday. According to the price comparison website Heureka.cz, online stores recorded nearly two-and-a-half million orders.
According to the statistics office Eurostat, the Czech Republic is the biggest exporter of toys to non-EU states from the entire EU. In its report, Eurostat confirmed that Czech production last year accounted for 32 percent of the EU’s overall toy exports outside the EU, worth a total of 1.5 billion euros in all.
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.