The establishment of the Centre fulfils the objectives of the National Semiconductor Strategy, which was created in view of the need to strengthen European and Czech self-sufficiency in the field of chips under the leadership of the Ministry of Industry and Trade in cooperation with the Government Office and the Ministry of Education, Youth and Sports. Among other things, its aim is to build a national competence centre and increase the number of experts, which the CSC will significantly contribute to. The implementation of the CSC is supported by the European initiative "Chips for Europe", which aims to strengthen technological capacity and promote innovation in the design and manufacture of advanced chips, thus contributing to the EU-wide objectives set out in the European Chip Act.
Starting in April, general practitioners in the Czech Republic will be authorized to prescribe medical cannabis for chronic pain.
For the third time, the Czech company Chart Ferox received the prestigious title of Innovative Company of the Ústí nad Labem Region. The company received the award for its groundbreaking project: designing and manufacturing five specially insulated liquefied hydrogen tanks, which will be part of the largest European hydrogen storage facility in Rotterdam.
n a concerning trend for the Czech economy, industrial production in the country has recorded its fifth consecutive month of decline. According to the latest data released by the Czech Statistical Office (ČSÚ) on Friday, July saw a year-on-year decrease of 1.9% in industrial output, a slight improvement from June’s 3.3% drop.
Czech inflation eased to 2.7% in February, mainly due to falling fuel and oil prices. However, sharp increases were recorded in food items like butter, chocolate, and eggs, while housing costs and tobacco also contributed to price growth.
The Czech Ministry of Finance forecasts a 2.3% GDP growth for 2025, but potential U.S. tariffs could pose a significant risk. Household consumption and investment are expected to drive the economy, while unemployment remains low.
The Czech Republic improved five places year-on-year, according to the prosperity index, and is now a ninth most advanced economy in the European union.
The Taiwan Semiconductor Manufacturing Company (TSMC) plans to estabilish a base in the Czech Republic to support the construction and operation of the 10 billion euro (250 billion CZK) project in Germany.
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CzechTrade is a Government trade promotion agency of the Czech Republic. Its main objective is to develop international trade and cooperation between Czech and foreign entities. Wherever in the world you are, the agency is your official contact partner when looking for qualified Czech-based manufacturers and services providers. The Baltic office was established in 2000 and since then is connecting Baltic and Czech businesses.References@It has been a real pleasure to communicate and co-operate with Věra Všetičková and CzechTrade. We are very impressed about the extremely professional and dedicated work that Vera did in identifying the proper suppliers for us, preparing the meetings and organizing the Sourcing Day. All the contacts were selected carefully and met our needs and expectations. Thank you and looking forward to working with you in the future!@Priit Einmann Head of Supply ChainViru Keemia Grupp @