The
government has approved concluding a non-binding memorandum of understanding
with Volkswagen (VW), which sets the basic parameters of cooperation on the
Gigafactory project. This announcement was made by Prime Minister Petr Fiala
(ODS). The estimated investment is roughly CZK 120bn. Minister of Industry and
Trade Jozef Síkela (for STAN) said that the factory could prepare the
automotive industry for the arrival of electromobility. The Czech Ministry of Industry
and Trade met with affected municipalities and is currently preparing a
biological survey.
Source: CIA News
Prepared by the team of foreign office CzechTrade and CzechInvest Seoul