Over the past year, the Czech Republic’s defence industry has re-emerged as one of Central Europe’s quiet success stories.
Programme for Tuesday 7 th October at MSV Brno Trade Fair
At the Construction Fair SEEBBE 2025 held in Belgrade from April 23–26, the Czech Republic presented cutting-edge construction solutions through three outstanding companies at the Czech National Stand. Their innovative products and technologies attracted significant attention from both local and international visitors.
Czech businesses have demonstrated one of the best payment practices in Europe, according to a recent study by Dun & Bradstreet and the Cribis system. An impressive 61.8% of Czech companies settle their financial obligations on time, placing the country in the top third of best-performing nations across the continent.
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.
Employers plan to hire significantly more than lay off employees in the first quarter of 2026, making it the most positive first quarter since measurements began in 2008.
A Czech business delegation attended the annual conference of the Hungarian Association of District Heating Suppliers (MATÁSZSZ) held in Szeged, presenting Czech expertise in the heating and energy sector. The Czech side was represented by the Czech Ambassador, delegates from CzechTrade, the Czech economic and commercial diplomat, and the engineering company SIGMA DIZ.
The Czech nuclear industry is the second most successful in Europe after France and it is expanding.
The Czech economy expanded by 2.4 % year-on-year in the first quarter of 2025, marking its fastest growth rate since mid-2022, according to revised data released by the Czech Statistical Office (ČSÚ).
During his July visit to Hanoi and Quang Ninh, Minister Lukáš Vlček emphasized opportunities for expanding Czech–Vietnamese cooperation especially in energy, automotive, and sustainable technologies.