The Czech Republic is strengthening its position in semiconductor manufacturing.
CEZ, the Czech Republic's leading power company, reported a net profit of 23.4 billion Czech crowns ($984 million) in the first three quarters of 2024, marking a 27.3% decline compared to the same period last year.
In the third quarter of last year, the Czech economy saw a year-on-year growth of 1.3%, with GDP increasing by 0.4%. Average monthly wages rose, but household savings and corporate profit margins showed a decline.
Within its sustainable economy goals, Czechia is planning to introduce a deposit-refund system for PET bottles and cans from mid-2025.
This marks the seventh consecutive week of growth.
Construction output in the Czech Republic rose year-on-year in August 2024.
Company Energo-Pro, owned by czech billionaire Jaromír Tesara, bought 7 smaller hydroelectric power plants in Brazil.
Car production increased by 5.5 percent over the first eight months, reaching 973,560 vehicles.
Czech automotive industry is blooming.
The Czech Republic's drive towards sustainable transportation has led to a spike in electric vehicle (EV) demand among businesses.