The US imposed a baseline 15% tariff on EU exports to the US, raising questions about the economic prospects of the bloc. But what will the impact be on the Czech economy? To find out, we spoke with the Chief Economist at Trinity Bank, Lukáš Kovanda.
The Czech-Lithuanian Business Forum confirmed cooperation by signing a memorandum and opened new business opportunities.
ČBA lifts 2025 growth forecast despite tariffs and inflation.
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 Dubai office was established in 2007 and since then is connecting UAE and Czech businesses.References@@CzechTrade office in Dubai contributed also to the success acquisition amounting 10 mil. USD between our company and the originally Dubai based KIT digital in the beginning - especially during CABSAT exhibitions in Dubai where we have been identified as a potential partner for the Dubai based company. Now we are global company having the offices from Australia through Asia, Europe across USA. After the incorporating the previous Prague based company Visual Connection to the group KIT digital, the revenues of the group are 40 mil.USD yearly.@KIT digital @ Mr. Tom Petru, president Media Services@Thanks to CzechTrade Dubai office we found valuable contacts in the Middle East market which is very different from the European one. By assistance of Czech Trade Promotion Agency we were able to introduce the company in the Middle East including the participation in the Czech Republic pavilion at INDEX exhibition. Thanks to CzechTrade Dubai we developed our first businesses in the United Arab Emirates and Saudi Arabia.@Meduse Design @ Mr.Vilem Vrba, Manager for the Middle EastCzechTrade Dubai@mainly concentrates on@support of Czech companies with traditional design production of glass, porcelain, consturction and building materials, ICT, AI, IoT, healthcare, electro etc. We are providing them with individual asistence and promoting them by their personal attendence at exhibitions like The@BIG 5 Show. The participation at Arab Health,@Middle East@Energy and INTERSEC is organised by Ministry of Industry and Trade of Czech Republic.
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.
On March 20, 2025, the Czech government approved a new initiative to bolster the nation's defense sector. The Export Guarantee and Insurance Corporation (EGAP) will now provide insurance for domestic investments made by Czech defense companies. This move aims to facilitate access to financing necessary for expanding production capacities within the country.
An American brewer has become an unexpected star in the Czech Republic’s revered beer landscape. Eric Larkin, originally from the United States, co-founded a unique brewery in Únětice near Prague that’s drawing attention for its modern take on Czech traditions. Larkin’s approach blends Czech ingredients and brewing heritage with global creativity. His beers have not only earned praise among locals but have also reinvigorated the conversation around small-scale, high-quality brewing. As the Czech beer market slowly opens up to innovation, stories like Larkin’s reflect both opportunity and the enduring strength of the Czech brewing reputation. The presence of international talent also highlights the country’s appeal as a business and creative hub in the beverage sector.
In the first quarter of this year, the Czech Republic outpaced all other EU countries in new electric car registrations compared to the previous year. This surge signals a promising shift in the market, creating opportunities for foreign companies to introduce electric vehicles, charging solutions, and related services to meet rising demand.
CzechTrade is the official governmental organization whose mission is to promote mutual trade between the Czech Republic and major economies in the rest of the world. With over 50 branches worldwide CzechTrade helps Czech exporters when searching for new markets and business opportunities in several countries and industries.CzechTrade Office in Doha was established in 2023. To the Qatari partners we provide the general overview of the business envrionment in the Czech Republic, business intelligence and knowledge about the key players, market research, and facilitation the contacts to the potential trade partners. Our main advantage is a very comprehensive database of available suppliers in the Czech Republic.
Colt CZ saw an increase in sales, especially in the armed forces, but also in the commercial segment in all key regions, including the USA