Czech exports to Russia have grown in value by more than ten times in the past decade. Czech companies see Russia as a key target territory, and are now seeking the backing of the new government in their efforts to further increase trade with the country. Visa issues, access to credit, and political lobbying are some of the areas where Czech firms believe the government could assist them, hinting that toning down the human rights agenda would also help.
The volume of Czech exports last year reached a record 3.157 trillion crowns, or more than 155 billion US dollars, the Czech Exporters’ Associations said on Thursday quoting figures by the Czech Statistics Office. Year on year, exports increased by 2.8 percent while imports rose by 1.6 percent. In December alone, exports of Czech firms grew by over 18 percent, the association said. The machinery and transportation vehicles sector was particularly strong, with an annual increase of nearly 22 percent. Analysts say the Czech central bank’s foreign currency interventions contributed to the record numbers.
Czech students are sought after not just by local universities and colleges, but also by their European counterparts as student numbers dwindle across the continent. But while they are faced with more choice, Czech students also face a more difficult jobs market and the need to mark themselves out from the rest. Chris Johnstone looks at the evolving higher education market.
In related news, over 22.800 new firms were founded in the Czech Republic last year, the highest number in the last three years, according to a study by the Bisnode consultancy released on Monday. The total number of companies increased by 7 percent and exceeded 391,000. Entrepreneurs invested over 25 billion crowns in new companies, 57 percent of which went to share-holder firms. The renewed interest in forming new firms was a sign the Czech economy was recovering, the consultancy firm said.
Domestic meat production has been on a steady decline since 2001 and last year was no exception. According to figures released by the Czech Statistics Office overall meat production in 2013 was down by 2.4 percent year-on-year to 447,000 tons. Pork production slipped by 2.25 percent, beef by 1.4 percent and poultry by 3 percent.
Jana Ciglerová: Americans say their lives are fantastic, Czechs say everything is terrible – neither is true
Study: Demand for new flats in Prague set to keep outstripping supply
“There is good, better and then there is the USSR.” – New book depicts life in communist Czechoslovakia through memories of people who experienced it
‘The fat lady sings’: Prague’s State Opera marks restoration to former glory with gala concert
CzechTourism head hints attracting tourists no longer agency’s main goal