5th March 2016

Prague Post: EC estimates additional costs for Czech businesses to be around €200 mil due to border controls

According to the European Commission, temporary border controls come with significant economic costs. Full re-establishment of border controls within the Schengen area would have direct costs of between €5 billion and €18 billion annually, Prague Post writes.

These costs would inevitably impact the EU economy as a whole..

Several countries such as Poland, Netherlands or Germany would face more than €500 million of additional costs for the road transport of traded goods.

Concerning the CzechRepublic, the Commission estimates the additional costs for businesses would be around €200 million, similar to the impact on Spain.

Read more.

Members of the American Chamber of Commerce in the Czech Republic