The company is investing in new production technologies and hiring employees.
Czech gunmaker Colt CZ Group said it would provide machinery to make small-calibre ammunition as part of the project.
Trains on the new high-speed lines will reach speeds of up to 320 kilometers per hour.
The development will continue BMW’s expansion in Czechia.
Czech Republic is seeking to increase its nuclear power generation capacity.
Applications for support will be accepted from 28 June 2024 to 31 October 2025.
Calls will be issued during 2024 and 2025, targeting production facilities with a total installed capacity of 3,090 megawatts (MW), to help replace coal-fired sources
Czech automotive industry is blooming.