A lot has been written about the fact that Czechs are among the most pessimistic nations in Europe. The latest survey which examined their idea about the future did not yield any encouraging results. Czech citizens' trust in the EU and its further integration fell from last year's 51 to 44 percent. In short, Czechs have a more reserved attitude towards the EU, unlike other member countries. On the other hand, in some aspects such as the perception of freedom, job opportunities or peace, the EU’s image is improving over the long term.
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With the rise of Industry 4.0, robotization has become a big topic in the media space. "In manufacturing, though, robots are kind of taken for granted. They are a necessary condition for manufacturers to streamline production, reduce the amount of strenuous work and ensure the highest occupational safety possible. In our view, the main contribution of Industry 4.0 is in automation, digitization and working with data for timely decision-making and increased competitiveness," agree the Lát brothers, co-owners of the family company BENEŠ a LÁT. Josef Lát is the CSO and engineer, while Jan Lát is the CFO – as well as winner of the honourable title Manager of the Year Competition 2021 in the Czech Republic.
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"Czech and Vietnamese people know each other very well and have long cooperated successfully," says Thai Xuan Dung, Ambassador of Vietnam to the Czech Republic. Currently in Vietnam, there are over 200,000 people who have studied or worked in the Czech Republic. Some of them hold key roles in public administration or state enterprises. On top, there is a strong Vietnamese community of around 90,000 members in Czechia. In the interview for TRADE NEWS, we talked about how this specific factor translates into mutual business relations and what industries offer the best opportunities for Czech companies in Vietnam.
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Without exaggeration, we live in a crucial era in which Europe is making key decisions that will affect the direction of European industry for many decades to come. This is something we are very aware of in the European Parliament. It’s a big topic that is discussed at meetings and taken into account in voting. The stakes are high, and one mistake or a small slip can spell the fate of the united continent.
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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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