Czech Economy Sees Strongest Growth in Three Years in Q1 2025

The Czech economy recorded its fastest expansion since mid-2022 in the first quarter of 2025, driven by rising household spending, a solid labor market, and strong performance across key sectors. According to the Czech Statistical Office, GDP grew by 2.2% year-on-year and 0.8% quarter-on-quarter, exceeding economists' expectations.

Czech Republic Ranks 20th in ESNA’s 2024 EU Startup Nations Standards Report

The European Startup Alliance has released its 2024 report on the EU Startup Nations Standards (SNS), evaluating how member states support innovative entrepreneurship. The Czech Republic ranks 20th among the participating countries, highlighting ongoing challenges in the local startup ecosystem and the need for further policy and structural improvements to foster growth and competitiveness.

Czech innovations shine at the 2025 Construction Fair SEEBBE 2025 in Belgrade

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 Economy Set for Moderate Growth and Stable Labor Market in 2025, Finance Ministry Says

The Czech Ministry of Finance's latest macroeconomic forecast anticipates a 2.3% GDP increase in 2025, supported by stronger household consumption and investments. Inflation is projected to decline slightly to 2.3%, while the unemployment rate is expected to remain low amid persistent labor shortages. Public finances are improving, with the government deficit and debt both under control. The forecast points to a steady recovery and balanced economic development for the Czech Republic.

CZECH COMPANY VR VITALIS IS LOOKING FOR PARTNERS IN BULGARIA

CZECH COMPANY VR VITALIS IS LOOKING FOR PARTNERS IN BULGARIA

Service Sector Revenues Continue to Rise

The Czech service sector has shown steady growth, with revenues rising by 2.5% year-on-year in the second quarter of 2023. This marks an acceleration from the 1% increase seen in the first quarter.

U.S. Onsemi to Invest USD 2 Billion in Czech Semiconductor Production

Onsemi has chosen the Czech Republic for its semiconductor production, with a planned multi-year investment of up to $2 billion. This major investment will secure the supply chain for innovative power semiconductors for Europe and beyond, marking one of the largest private sector investments in Czech history and a significant move for Central Europe.

Why the Czech Republic

Record Year for the Czech Automotive Industry

With nearly 1.45 million cars produced, the industry reached a new high.

Czech Economy Posts Strongest Growth in Nearly Three Years in Q1 2025

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).