Czech and Slovak banks sign agreement on supporting joint business ventures

29-07-2014

The Czech Republic’s Export Bank and Slovakia’s Eximbank are to sign an agreement on cooperation in supporting joint Czech and Slovak business ventures abroad. The agreement, which is to be signed in the Slovak capital Bratislava on Tuesday, aims to bolster the two countries’ positions particularly on markets in the Far East where the now defunct label Made in Czechoslovakia still has a high brand awareness. The head of the Czech Export Bank Karel Bureš told the daily Mladá fronta Dnes that the agreement did not envisage the revival of the Made in Czechoslovakia label, an idea that was recently rejected by the Slovak president, but merely intended to support the two countries’ joint presence in business ventures and thereby increase their competitiveness.