The government agency CzechInvest concluded 147 projects in 2014 - worth 87 billion crowns - with both Czech and foreign investors in 2014. Company representatives made the announcement on Tuesday, specifying a total of 16,000 new jobs would be created, with more than 6,000 in Moravia-Silesia and Ústí alone - regions often suffering from high unemployment.
Kvasiny, one of Skoda’s three production facilities in the Czech Republic is to undergo a major expansion- the biggest in its 81-year old history. Underlining the significance of the plant’s presence in the region, the Czech government has promised a two billion crown injection to support the transformation.
Furniture makers in the Czech Republic have reasons to be cheerful. According to figures just released by the Czech Statistics Office and quoted by the business daily E15, the industry saw a 13-percent increase in revenues last year – the healthiest growth it has experienced for a decade and a half.
The government’s special representative for Moravia-Silesia says there is a real threat that steelmaker Vítkovice Steel could close and operations could shift to Russia. The company has rebuffed the comments but there’s little doubt that the steelmaker has still to recover from the sector's downturn.
Olga Lomová: Western misconceptions could let China export much of its system and ultimately contribute to our enslavement
Hitler no ‘gentleman’, but court rules Czech state need not apologize for president’s claim Ferdinand Peroutka said so
Bertha von Suttner – Prague-born peace campaigner whose ideas on cooperation and disarmament continue to have lasting effect
Forgotten Czech net bag makes a comeback
Iconic Czech brands that survived competition from the West after the fall of communism
Communist party official shocks nation ahead of freedom celebrations
Czechs and Germans in 1930s Czechoslovakia: a complex picture
Cold War “king of Šumava” story brought to life in new film by Irish director