While some mainstream media may be overly pessimistic about the Czech economy, there are some good news following from an independent survey by Komerční banka analysts. Although 2023 may well be another difficult year ahead of us, there is no reason for “dark scenarios”. Broadly speaking, our economy has overcome most obstacles so far. In Q3 and Q4 2022, we went through a very mild recession, and this year, we should see a slight recovery. We have weathered the energy crisis, while maintaining a high employment rate. We’ve talked about all this with David Formánek, Member of the KB Board of Directors responsible for corporate and investment banking. As Mr. Formánek emphasises, "The Czech economy was supported by foreign demand, as eventually there was no recession in the Eurozone countries. It also showed how viable and strong our companies and their leaders are, which is very encouraging."
Štítky
KB
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Differentiate or Die – such is the title of the book by J.F. Trout, and also the idea adopted by Recutech CEO Filip Hazuka in his business. The pioneering approach is evident throughout the ten-year existence of the Pardubice-based company, a leading developer and producer of counterflow heat exchangers.
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Despite his busy schedule due to the ongoing EU Council Presidency, the Swedish Ambassador to the Czech Republic Fredrik Jörgensen has found time for an interview with TRADE NEWS. We‘ve talked to him about the priorities of the Swedish presidency, the importance of innovation in the European economy, Czech-Swedish business relations and the close relation of our two nations.
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Some may say that the Sweden of ten or twenty years ago is not the Sweden of today. Many changes have taken place, but this also applies to Western society as a whole. To be honest, I'm not very excited about these changes, but there is something positive about each that we can continue to work with as a society.
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It all began in a small workshop in the early 1990s, without any capital but with a lot of enthusiasm. A small family company, Retap first started its business in metal production, then some ten years later, they went on to manufacture their own tiles and tiled stoves. Seven years ago, Retap launched their unique nano air cleaners in the Czech market and abroad. Last year, they won the Family Company of the Year award in the Small Business category.
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For three days in November, Prague hosted the most important international conference focused on SMEs. The conference is attended by SME representatives as well as officials who administer the rules for doing business. This year, politicians also took part for the first time. I had the honour to lead a delegation of five Member of the European Parliament (MEP) from the political group of liberals Renew Europe. The SME Assembly conference thus became a unique opportunity to connect the world of entrepreneurs and politicians. It is a big step towards cultivating a business environment that requires mutual dialogue.
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