A conference in Prague this week reviewed the exit possibilities from the current energy crisis in Europe. The conclusions were not very positive with major power companies now staring at a scenario where they are undermined by ever increasing amounts of renewable power on one hand and undercut by state payments in some countries to keep costlier power plants on standby.
Following persistent complaints regarding the length of time it takes for foreign investors to bring highly qualified staff to run their businesses in the Czech Republic, Czech authorities have finally moved to ease the allocation of work permits for non-EU workers in foreign companies with over 250 employees.
Vietnam is one of the main Czech targets for boosting exports outside of Europe. And while current trade flows are overwhelming in favour of the South-East Asian country, Czech companies are hoping for a lot more by filling in some of the many gaps in industrial know-how and equipment and the country’s basic infrastructure.
Representatives of the Ústí region have signed off on a land deal crucial to persuading South Korean based global tyre manufacturer Nexen to set up a new plant in the Czech Republic. Formalities still need to be completed, but what could turn out to be the biggest ever foreign investment in a new plant is already being described as a done deal.
The fiscal pact is one of the talismans of the coalition government’s new pro-European stance. But it’s not a done deal that it will get the votes needed in parliament to go through and former finance minister Miroslav Kalousek has just signaled that TOP 09 votes in support will not be coming cheap.
Czech Republic opens up to more tourists from Europe and beyond as coronavirus travel restrictions eased
Brno scientists pair with Czech biotech firm to develop healing artificial tears
Facemask requirement eased but new restrictions for area hit by spike in Covid-19 cases
Traditional tourist sites open to visitors after long break
“There is no reason to panic” — says health minister about Karviná COVID-19 outbreak