Czech Business Today

Flash news

• Czech Minister Meets Korean Prime Minister, Confirms Nuclear Support

  Czech Industry and Trade Minister Lukáš Vlček concluded his Asian mission in Seoul, becoming the first foreign politician received by South Korea’s new Prime Minister Kim Min-seok. The two reaffirmed strong Czech-Korean relations, particularly in nuclear energy, with the Korean side confirming full support for KHNP’s involvement in the Dukovany nuclear project. Discussions also covered cooperation in semiconductors, automotive, and higher education. Vlček also met with Korean trade ministry officials and leading companies, while the accompanying Czech parliamentary delegation engaged with both ruling and opposition lawmakers in the National Assembly.

  Source: Ministry of Industry and Trade of the Czech Republic

• Government Approves Action Plan to Accelerate High-Speed Internet Rollout

  The Czech government has approved Action Plan. The new strategy responds to EU Gigabit Infrastructure Regulation and aims to reduce investment costs, remove administrative barriers, and eliminate connectivity gaps across the country. The plan supports high-speed internet rollout using EU funds and national programs, with the goal of achieving nationwide very high-capacity network coverage by 2030.

  Source: Ministry of Industry and Trade of the Czech Republic

• Czech Senate Approves Law to Speed Up Renewable Energy Development

  The Czech Senate has approved a new law establishing a clear process for designating areas where new renewable energy projects can be approved more easily. Developed by the Ministry of Industry and Trade in cooperation with the Ministries of Environment and Regional Development, the legislation introduces “acceleration zones”—locations where solar and wind power projects can be permitted through a simplified procedure. The goal is to speed up renewable energy development, boost energy self-sufficiency, and provide clearer guidelines for investors while ensuring cooperation with local authorities and communities.

  The new law implements the revised EU Renewable Energy Directive and positions the Czech Republic among the EU’s frontrunners in streamlining permitting procedures. Within acceleration zones, projects that meet legal criteria will not require environmental impact assessments, although strict safeguards will be applied during the zoning phase. In addition to renewable power plants, related infrastructure such as grid connections, storage systems, and mitigation measures can also be approved in these zones. The designation process will occur on local, regional, and national levels. The Czech Republic has been recognized by the European Commission as an example of best practice in this area.

  Source: Ministry of Industry and Trade of the Czech Republic

• Government Launches IPO Fund to Boost Capital Market Access for SMEs

  The Czech government has approved the creation of IPO Fund 2025+, a new financial instrument proposed by the Ministry of Industry and Trade to support small and medium-sized enterprises (SMEs) and mid-cap companies in accessing capital markets. Managed by the National Development Investment agency, the fund will help firms enter the Prague Stock Exchange and attract private investors while boosting the Czech capital market. With an allocation of CZK 360 million through 2030, it builds on a successful predecessor program and introduces new pre-IPO investment opportunities. The fund is designed to be self-sustaining, using returns from previous investments.

  Source: Ministry of Industry and Trade of the Czech Republic