10th February 2015

Czech government supported another important investment

During its meeting the government agreed on the mandate for Prime Minister Bohuslav Sobotka to sign the Memorandum of Cooperation among the Czech Republic and company Škoda Auto and the region of Hradec Králové on the extension of production in the strategic industrial zone Solnice – Kvasiny and thus creating around 1,300 workplaces. The investment itself would cost at least 7.2 bn CZK with 570 million CZK funded by the state and 300 million from the regional government. The investment will also be closely connected to establishing new industrial zone connected to Kvasiny zone. Also additional 400 workplaces at the Škoda contractors are likely to emerge. As for the investment within the PM Sobotka’s government working period the state already funded 4 projects (Nexen Tires, Hyundai Mobis, Lego and JC Interiors) in the total value of 30 bn CZK.

For more click here, here and here.

Members of the American Chamber of Commerce in the Czech Republic