CzechTrade Offices

Retail sales in the Czech Republic grew by 5.6%

11/13/2024| /us/news/retail-sales-in-the-czech-republic-grew-by-5-6

Czech retail sales show growth driven by strong e-commerce and increased sales of non-food items, fuel, and food. Analysts credit rising real wages and low inflation for this trend, though spending remains below pre-pandemic levels.

The Czech Republic's state budget deficit decreased

5/19/2025| /ae/news/the-czech-republic-s-state-budget-deficit-decreased

49%

The Czech Republic's state budget deficit decreased year-on-year, attributed to economic growth and fiscal reforms, with Finance Minister Stanjura praising the consolidation package's positive impact.

Czech Republic has a new Economic Strategy

11/13/2024| /why-czech-republic/news/czech-republic-has-a-new-economic-strategy

49%

In October, the Government of the Czech Republic approved a new Economic Strategy for the country.

Scandinavia - Sweden, Denmark, Norway, Finland

7/19/2023| /se

48%

CzechTrade Scandinavia is successfully helping Swedish, Danish, Norwegian and Finnish companies identifying potential Czech suppliers by analyzing Czech market based on concrete inquiries and requests for information, providing lists of qualified business partners, distributing conrete RFQs, organizing tailor-made B2B meetings with Czech companies both localy and in the Czech Republic and assisting with companies@s visits.CzechTrade is the offical 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 Scandinavian office located in Stockholm was established in 2004 and since then is connecting Scandinavian and Czech businesses.ReferencesCzechTrade office in Stockholm provided assistance for Swedish company MYDATA automation AB that designs and builds SMT assembly machines for the electronics industry. CzechTrade helped to find suitable Czech companies (in machining, metal sheet processing and surface treatment) and organized incoming business missions for MYDATA to the suitable Czech manufacturers. A regular cooperation started after almost one year of testing adjusting of the prototypes. MYDATA, Body components for PCB machines (www.mydata.com)Swedish company Cream International AB - the largest coffee machine supplier in Scandinavia that exports its production to many countries contacted CzechTrade Sweden (http://www.czechtrade.se) for help in supplier search in the Czech Republic. The requirement was for chillers and electronic control units for coffee machines. CzechTrade identified potential suppliers of required components in the Czech Republic and arranged meetings with them. Vice Managing Director Mats Jaller:@I can tell you that it all went very well in Prague!! Both the cooling systems and the @long-shot@ we took regarding electronic controllers seems to work out just the way we wanted it to do!@ @Thank you very much for your support in finding new suppliers in your country!! I will sure recommend you as soon as I have the opportunity!@ Cream International AB, Components for coffee machines from the Czech Republic (www.creminternational.se)

Czech Republic Returns to EU’s Fastest-Growing Property Markets

4/15/2025| /cn/news/czech-republic-returns-to-eu’s-fastest-growing-property-markets

48%

The dream of homeownership continues to slip away from Czech citizens as property prices surge once again. According to recent Eurostat data, Czech real estate prices have become among the fastest-growing in the European Union, with a 2.4% increase in the last quarter alone.

OECD Economic forecast for the Czech Republic for 2025

12/10/2024| /gb-ni/news/oecd-economic-forecast-for-the-czech-republic-for-2025

48%

GDP growth is set to pick up from 1 % in 2024 to 2.4 % in 2025 and 2.6 % in 2026. The recovery in real disposable incomes will support stronger consumer demand.