Following a strong 2017, Czech real GDP growth will remain on a healthy trajectory, but decelerate over the next two years as the labour market nears full employment and external demand weakens. In the long-term, though the Czech Republic has a broad-based economy underpinned by strong manufacturing and steady domestic consumption, a key challenge will be to diversify away from manufacturing into a knowledge-based economy.
In December 2017, the Czech environmental NGO Arnika published the results of a study into plastic children’s toys and accessories on the EU market. The NGO found high concentrations of toxic chemicals in the surveyed products, which it blames on “toxic recycling”. More
Over the last few years, the Czech Republic has increasingly become a crucial Belt and Road link. It boasts one of the best flight connections between CEECs and the Chinese mainland and Hong Kong, while the re-set in Sino-Czech relations since President Miloš Zeman came to power has ignited a China-led M&A spree and created a more conducive environment for Czech enterprises to co-operate with mainland and Hong Kong investors. More
The Visegrad Four (V4) nations, consisting of the Czech Republic, Hungary, Poland and Slovakia, are poised to benefit most from rising trade and investment flows between China and Central and Eastern Europe on the back of the “16+1” format and Belt and Road Initiative. Hong Kong is a crucial link in providing the important capital flows and the highly sought-after assurance to V4 enterprises. More
Central and Eastern European Countries (CEECs) have played an increasingly pivotal role in China’s foreign policy considerations and are key partners to the Belt and Road Initiative (BRI). Meanwhile, cash-rich Chinese investors, generous funding for mega government-to-government (G-to-G) infrastructure projects and seed capital for start-ups are providing valuable impetus to rejuvenate the CEE economy. More