Israeli-Lebanese conflict could have economic effect on Czech Republic

If the conflict between Israel and Lebanon persists for much longer the Czech Republic could suffer economic setbacks, deputy trade and industry minister Martin Tlapa said on Tuesday. The attacks could lead to the closing off of the ports in Haifa, making it difficult for Czech goods to reach the Israeli market. The Israeli government could also decide to put off plans to launch certain projects involving Czech companies, Mr Tlapa says. These include the public tender for the supply of government limousines or steam turbines. Rising oil prices will also affect the Czech market.

Author: Dita Asiedu