The Třinecké železárny steelworks has won a lucrative contract worth 15 billion crowns for a project of railway route construction in Azerbaijan, the company’s CEO Jan Czudek revealed on Wednesday after a visit by the Czech head-of-state Miloš Zeman. The president reportedly helped seal the deal during a recent visit to the former Soviet country.
Azerbaijan is one of around two dozen countries of ‘interest’ where the Czech Republic believes it should make an effort to boost its export performance. Head of state Miloš Zeman prioritized that goal with a recently concluded official visit but oil prices will probably have a substantial impact on how many contracts will result.
The volume of Czech exports to Russia took a slide in 2015 as a result of the sanctions against Russia and the country’s own retaliatory measures. According to figures released by the Czech Trade and Industry Ministry Czech exports to Russia fell by 32.8 percent year-on- year to 45.2 billion crowns in the first seven months of this year. Due to a faster drop in Czech exports than imports, the deficit in trade with Russia increased by 7.5 billion to 18.5 billion crowns.
The value of the Czech Republic’s beer exports to China has nearly doubled over the last year. The volume of beer exports in 2014 rocketed to 22,688 hectolitres, compared to 12,688 hectolitres in the previous year, the head of the Czech Beer and Malt Association, Vladimír Balach, announced this week.