The Czech manufacturer has successfully completed testing and will build a factory in the American state of Georgia.
Czechia wants to maintain and highlight its position as a leading filming hub in continental Europe by increasing incentives for foreign and local film making productions.
Vietnam and the Czech Republic are enhancing cooperation in semiconductor technology. The Czech Republic shared its strategy and expertise, emphasizing technology transfer. With strong manufacturing capabilities, Vietnam could become a key partner in the global supply chain.
Car manufacturers have achieved a 5% Y-on-Y increase in production as of November, producing 1.37 million vehicles.
Toyota Motor Europe (TME) has opened an automotive mega-hub at the Toyota Motor Manufacturing Czech Republic plant in Kolín, which will be used to finish Toyota and Lexus vehicles based on customer requirements. In addition to the Czech Republic, the hub will be used by the company's other European plants around Europe, with up to 350,000 cars passing through it annually.
Czech breweries exported the most beer in their history last year. The brewers definitely continued their pre-Christmas growth, sending 5.74 million hectolitres of frothy beverage abroad by November 2024. The largest markets are Slovakia, Germany and Poland, followed by Russia - despite the decline in business activity due to the war in Ukraine.
Czech companies SOPO US, Inc. and SILENT-US, Inc. have announced their expansion into the United States with new manufacturing operations in Flowery Branch, Georgia. Production is set to begin as early as summer 2025.
The Czech Republic’s central bank has cut its key interest rate for the fourth straight time as inflation dropped and the economy has shown signs of recovery