The Czech tram manufacturer Inekon has won a tender to sell trams to the US city of Detroit. The deal, worth 30 million crowns (roughly 652 USD), involves shipping three sets of trams to Detroit by the end of the third quarter of 2016, the server E15.cz reported this week, citing the company’s head of foreign sales Milan Haloun. The company is now seeking to secure bank guarantees.
Czech authorities have streamlined the system of support for exporters, creating a joint network of services for companies trying to enter foreign markets. The new system, which includes a central Prague-based client centre, comes after the ministries of foreign affairs and industry and trade agreed to coordinate their activities in support of Czech exporters. But the country’s main association of exporters remains sceptical about the move and is calling for a more hands-on approach.
The government has moved to protect the Czech food market against cheap imports diverted to the country due to Russia’s embargo on food products from the EU. Importers are now required to report some types of incoming food products to two days before their arrival, and inform the authorities of their estimated retail price. But some in the Czech food industry are questioning the effectiveness of the measure.
Stricter rules for food imports to the Czech Republic come into force on Friday. Importers of animal products and selected vegetable foodstuffs are now required to notify the authorities of incoming shipments two days ahead of their arrival, and report the assumed retail prices of the products. The measures have been introduced to counter potential flooding of the Czech food market with products sold at dumping prices due to the sanctions between the EU and Russia. Czech vegetable growers said on Thursday that shipments of vegetables from Poland, originally destined for Russia, had reached shops in northeast Czech Republic.
The draft budget for next year, approved this week by the Czech government, projects a deficit of some 2.3 percent of the country’s GDP. Government officials say the budget will allow for higher public investments and hikes in public sector salaries and pensions. But critics argue the budget is unambitious, and a missed opportunity to narrow the Czech public finance deficit at a time of an economic recovery.
The government on Monday approved stricter rules for Czech food importers. Companies importing animal food products and selected vegetable foodstuffs will have to notify the authorities two days before the arrival of the goods, and inform them of the planned retail price of the products. The government believes the rules will help prevent the Czech food market from being flooded with foreign products sold at dumping prices as a consequence of sanctions between the EU and Russia.
In Business News this week: Czech central bank predicts labour market improvement; Czech Republic increasingly attractive for international manufacturers; car production up by 11 pct between January and September; railway operator ČD Cargo doubles profit but loses market share; and developer Orco leaves Prague stock exchange.
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