Czech Business Today
Volume XXII, 8-2024
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Collaborative Blueprint for the Future – Ensuring the EU Automotive Industry Remains Competitive
The Czech Ministry of Transport, in collaboration with Italy, Austria, Bulgaria, Poland, Slovakia, and Romania, has… continue reading »
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The Competitiveness Compass: Czech Business Potential in the EC’s Strategic Framework
The European Commission, led by Ursula von der Leyen, has unveiled an ambitious vision to enhance the EU’s… continue reading »
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EU Deforestation Rules Postponed
The European Union has granted businesses an additional year to comply with its landmark deforestation regulation… continue reading »
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EESC CORNER: The EU Enlargement: Opportunities, Challenges, and the Path Forward
The future enlargement of the EU is a crucial topic that deserves our attention as well as proper preparation. That is… continue reading »
Flash news
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100 days of electricity sharing in the Czech Republic: thousands of sharing groups and a steady increase in the number of interested parties
The number of electricity-sharing groups in the Czech Republic surpassed 5,000 in November, with most operating under the “active customer” model, according to the Energy Data Center (EDC). Total registrations exceeded 13,000, and nearly 750 MWh of electricity has been shared since late August. Over 11,700 participants have completed the process, with 6,098 production and 8,278 consumption points actively exchanging electricity. Minister of Industry and Trade Lukáš Vlček highlighted energy sharing as a step toward modernizing Czech energy, boosting self-sufficiency, and reducing costs for households and businesses.
Source: Ministry of Industry and Trade of the Czech Republic
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2023 Foreign Investment Screening Report
The Czech Ministry of Industry and Trade has released its 2023 annual report on foreign investment screening, reviewing 488 EU notifications and 28 domestic cases. While no transactions were prohibited, one investor withdrew, and some reviews are ongoing. The screening mechanism safeguards critical sectors like energy, telecommunications, and defense, while ensuring transparency for investors. The majority of foreign investors were based in the USA and Taiwan, with sectors such as electronics, IT, healthcare, and automotive most involved. Collaboration with various ministries, intelligence services, and EU partners strengthens national and economic security, aligning with the 2023 Czech Security Strategy.
Source: Ministry of Industry and Trade of the Czech Republic
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EU-Mercosur Trade Deal
A Game-Changer for Czech Exporters “The EU has reached an agreement with Mercosur (Argentina, Brazil, Paraguay, Uruguay) to establish the largest free trade bloc, reducing tariffs and creating opportunities for Czech exporters. The deal, pending ratification, will open access to a market of 300 million people, boosting exports in high-value sectors like automotive, engineering, and IT while saving Czech businesses an estimated CZK 2.19 billion annually in tariffs. With its sustainability commitments and strategic importance, the agreement is poised to strengthen economic ties and diversify trade routes for Czech industry.
Source: Ministry of Industry and Trade of the Czech Republic
