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.

Czechoslovak Group Joins World's Top 100 Arms Manufacturers

Czechoslovak Group (CSG) entered SIPRI's top 100 global arms manufacturers at 89th place, with 2023 revenues increasing by 25% to $1.2 billion, driven by European Union exports and contracts supporting Ukraine.

Industry Sectors

Exports from the Czech Republic will be record-breaking this year. Depreciation of the crown is helping significantly, exporters report

Czech exports may grow by 6% in 2024 to a record $251.4 billion, fueled by the weaker koruna and booming automotive exports.

Services

United States of America

CzechTrade is a Government business and@trade promotion agency of the Czech Republic. Its main objective is to further@develop international trade and mutual@cooperation between Czech and foreign business entities. ​Wherever@in the world you are, the CzechTrade agency is there for you with more than 50 foreign offices stationed around the globe. CzechTrade is your official contact partner when looking for@qualified Czech-based manufacture@and service@providers.We are pleased to help US companies find new business partners, suppliers or@manufacture and service providers based in the Czech Republic. Discover the spectacular engineering tradition and innovation potential of Czech companies with CzechTrade.We offer a wide portfolio of business support and networking services, including:Introduction to high-quality Czech suppliersAssistance with local outsourcingOrganization of buyer@s visits and face-to-face meetings with Czech companies@ representatives.The Czech Republic is well developed export-oriented country and home of many successful and innovative companies (Avast, Kiwi.com, COLT CZGroup , Pilsner Urquell, Skoda Auto) which have so much to offer you. The economic freedom score of the Czech Republic is 74,4@making its economy the 21st freest in the 2022 Index of Economic Freedom (Heritage.org), so its overall score is above the regional and world averages.@The Czech Republic has attracted major companies focusing on research, such as those of GE Aviation, Honeywell, Red Hat and many others.We connect Czech @ US businesses via organising sourcing days, trade shows, private showcases and networking events. We can also provide bespoke supplier search, tailored matchmaking.References@@This was my first experience with CzechTrade and I was impressed with the quality of services, which CzechTrade conducted for my company. Mr Lubos Matejka prepared a very detailed report regarding import and other regulations for my field of business. I believe such a report would cost much more if I contacted any private company. In a very short time, Lubos found for us several very promising business partners, which are keen to start business cooperation with us. On top of that, he managed our participation at a trade show and assisted me during important business meetings. His experience with the US market was invaluable for me. CzechTrade services were worth every penny and I can highly recommend them.@Tomas Sladek, CEO, Walltech Climbing s.r.o.,@http://www.walltech.de/en/@@@@FilamentPM has excellent experience with the CzechTrade office in Chicago. We would like to thank them for their professional services. We used their services at the US fair. Since then we have been planning every fair in the US with them. I appreciate professionalism, willingness to always help, advices and friendly action. We definitely recommend the cooperation with Czech Trade.@Kristyna Nedozralova, FilamentPM,@https://www.filament-pm.com/@@I owner and President of Elite Granite and Marble would like to say a big thank you to you and your CzechTrade team in Chicago for endless efforts to help us and other companies that I personally recommended to you in this very busy and competitive US market.Also I would like to say thank you for your hard work, patience, knowledge and trust, that make us and our companies to grow with less stress and more economic effect and focus to our field and speciality.I would like to inform you that after experiencing to working with you and your team, I would never hesitate to keep highly recommending you and your team to other companies who try to reach our US market in any and all fields of business or manufacture.@Pavel Kunik - President/Owner of Elite Granite and Marble,@https://www.facebook.com/goelitegranite@@

Škoda has completed the longest tram in the world, with a German transport operator ordering an additional 34 vehicles

For Škoda, this is the largest export order for trams, with a total of 114 to be supplied to RNV.

South Africa

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.@Main activities of the CzechTrade Johannesburg are:promotion of the Czech Republic in South Africa and vice versa,transmission of contacts for Czech producers willing to export to South Africaassistance with trade missionsverification of South African companieshelp for the Czech investors (creating joint-ventures, search for South African partner, information about legal background)References@Thank you for your helpfulness and cooperation with your representatives in the regions of Africa - especially in South Africa. Mr. Haramul is a great @outsourced@ reinforcement of our export team. I am depend on his support and assistance in this region. Without its activity in local markets, we would not be able to start negotiations with local potential partners at all. Thank you for your helpfulness and cooperation with your representatives in the regions of Africa - especially in South Africa.@Jitka Cenková, FIDE s.r.o.,@Sales and Marketing Director@@Our cooperation went well. Petr focused more on product lines, which was something extra that we didn@t agree on.@At the same time, he gave us quality contact that can help us with business in both the commercial and government spheres. We often communicated with Petr even during COVID. He always answered quickly and with a smile :)@Markéta Lőrinczy,@Phonexia s.r.o.,@Head of Product Line Head of Product Line @@Our cooperation with Petr was on a top level.We mainly focused on contacts that might help us with our overall business. Petr provided us with several valuable contacts that might be useful within both commercial and government sphere. As an added value, He focused on a product line, which was something we had not contracted to.@We often communicated with Peter, even during a COVID period. He was always very helpful!@We have only the best experience with Petr and therefore overall summary of our cooperation is very positive!@Petr Mošnička,@PD clean s.r.o.,@Managing Director@

Australia and New Zealand

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.Since 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.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 @ Owner

Czech economy grows by 1.0% in 2024

In 2024, the Czech economy experienced a modest recovery, achieving a real GDP growth by approximately 1.0%.