The situation at the Czech Republic’s internationally known Zetor tractor company has been stabilised following major layoffs announced last year. The downsizing and clearing of inventory proved effective and the company will even make a small number of fresh hires in the coming year, Czech Television reported.
The Czech Republic’s rail companies are planning to make major investments in the coming years, the Czech News Agency reported on Monday. The biggest operator, Czech Railways, is at present running a number of competitions to supply it with tens of new wagons and locomotives and will invest up to CZK 40 billion in the next five years, while RegioJet and other service providers aim to spend several billion crowns in a three-year period.
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