Czech exports may grow by 6% in 2024 to a record $251.4 billion, fueled by the weaker koruna and booming automotive exports.
Czech government invests six billion euros in new nuclear reactors.
The Czech government is investing in nuclear energy as a means to decarbonisation.
Czech Design Showcased in Singapore
Czech President Petr Pavel and his wife met with around 90 representatives from diverse start-ups and innovative companies to support and understand their needs. This engagement highlights the growing Czech start-up ecosystem, which saw a 35 percent increase in startups and their employees over the past four years, with software companies making up 55 percent of the new ventures.
ReferencesEURO BAGGING, Ltd. manufactures high quality feed storage machines and the silage bags for farmers all around the world. Successfully exporting across Europe, Africa, Asia and Americas, they have asked CzechTrade Australia to find a business partner also in New Zealand.@We took the CzechTrade@s advice and brought our 10-toned silage Bagger to the largest farming trade show in New Zealand. CzechTrade@s team not only helped us with the transport of our machine, its storage and assembly, but also arranged a number of meetings with potential partners.The mission to Mystery Creek, New Zealand was definitely worth the effort and costs @ we found an importer and distributor for New Zealand market. Our new business partner is not only one of the key players on the market but has a deep knowledge of technology to appreciate the quality of our machines, which always helps acquiring new customers.@Lukas@Jurek Managing Director @ Owner@Bikeworkx is a family business producing top quality cleaners, degreasers, wet lubes, dry lubes, oils, polishes, and other accessories for the bike industry.@To succeed on Australian highly demanding market, we have asked CzechTrade Office in Sydney for an assistance. Vojtech was able to arrange a number of meetings with the Australian major distributors at the Taipei International International Cycle Show at a very short notice, and since then we have developed our presence at the local market through our local distributor rapidly.@Zdenek Nachazel Managing Director @ OwnerSince 2013, CzechTrade Office in Sydney has assisted a number of Czech companies with their business in Australia and New Zealand. Mutual trade between the Czech Republic and Australia has been growing, and a number of Czech companies have recently expanded their business into Australasia region. The leading Czech items exported to Australia and New Zealand are passenger cars and toys produced in the Czech Republic comprising 55% of total export from the Czech Republic. Perspective sectors for Czech companies are aviation, railway transport, mechanical and power engineering, food industry, biotechnology, mining industry, nanotechnology, and composite materials. Our Sydney based office regularly organizes Czech National Exposition at various trade shows in Australia, and organizes meetings for Czech manufacturers with local companies, potential business partners.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 Sydney office was established in 2013 and since then is connecting Australian 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.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.
The Czech Republic's car production surged to over half a million vehicles in the first four months of the year, significantly boosting economic growth and highlighting the automotive sector's strong competitive position amid global supply chain concerns.
Novo Nordisk has successfully completed the acquisition of Novavax’s biologics manufacturing facility in Bohumil, Czech Republic, for $200 million. The deal, finalized on December 30, 2024, marks an important milestone for both companies and the pharmaceutical industry.
Sales of new passenger cars in the Czech Republic rose by 2.65 per cent year-on-year to 171,999 vehicles in the first three quarters of the year, according to information from the Car Importers Association. Škoda leads in the number of cars sold, with SUVs being the most popular class.