While inflation continues to come down, board is weighing whether to scale back their rate easing
Honey cake maker Marlenka international has had an extremely successful year
Experts predict that the Czech economy will gain momentum in 2024, with growth expected to reach around 2%. Household consumption is anticipated to be the key driver of this recovery, supported by improving economic sentiment, lower inflation, rising real wages, and declining interest rates. These factors will enhance credit availability, encouraging corporate investment activity. However, weak foreign demand, particularly in the industrial sector, is likely to slow the pace of growth.
Onsemi currently produces 10 million chips a day in Rožnov. The investment would increase production by hundreds of percent.
The new contract signed by Škoda Group is for 20 four-wagon barrier-free units, with option for 5 more.
Japanese automotive firm Toyota has inaugurated a state-of-the-art logistics hub in Kolín
The successful steps of the Arab Organization for Industrialization are still ongoing to enhance aspects of partnership with major international expertise, according to a clear vision adopted by the organization to attract investments and increase export rates as pillars of the national economy, in accordance with Egypt's vision for sustainable development 2030.
The Czech nuclear industry is the second most successful in Europe after France and it is expanding.
Indian company Jindal Steel International, part of Jindal Group, acquired 100% of the shares of Czech Republic-based plate producer Vítkovice Steel
Prague is introducing Škoda ForCity Plus 52T trams with 20% more capacity and full low-floor design. First units arrive by April 2025, boosting comfort, accessibility, and network modernization.