Transcript economic performance of the Czech Republic

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CZECH REPUBLIC
Contents
Basic information
Facts of the Czech economy
Key industries of Czech Republic
Opportunities for cooperation
Useful information
Contact
Basic information
Area
78,866 square kilometers
Neighbouring countries
Austria , Germany, Poland and Slovakia
Population
10,513,000 inhabitants
Capital
Prague (1.28 million inhabitants)
Other major cities
Brno (385,000), Ostrava (303,000),
Plzen (170,000), Liberec (102,000)
Administrative language
Czech
Currency
Czech crown - CZK (Kč)
1,000.00 MMK = 20.3626 CZK
Facts of the Czech economy
forecast
Macroeconomic indicators
GDP growth (%, yoy)
Inflation (%, yoy)
Unemployment (%)
Public budget balance (% of GDP)
Gross public debt (% of GDP)
Current account balance (% of GDP)
Source: Czech Statistical Office (CSO)
2014 2015 2016 2017
2,0
4,5
2,3
2,7
0,4
0,3
0,4
1,4
6,1
5,1
4,8
4,7
-1,9
-1,6
-1,1
-1,0
42,7
40,9
40,7
40,1
-2,0
-2,4
-2,0
-1,9
Key Industries of the Czech Republic
● Engineering industry
● ICT
● Metallurgy & Foundry
● Nano technology
● Transport industry
● Glass industry
● Aircraft industry
● Energy industry
● Food industry/agriculture
machinery
● Mining industry
● Tourism
● Healthcare
● Sport
Engineering industry
Engineering industry
keeps growing
•With a production base of more than 6,700 companies, the sector supplies
complete plans and manufactures machines (including turbines,
transportation and air conditioning equipment; agricultural, foodprocessing and construction machinery; and machine tools while also
engineering household goods.
•The sector accounts for more than 10% of revenues from the sale of products
and services of the manufacturing industry and employs 12.5% of the labour
force working in the manufacturing. The sector maintains its strong position as
a traditional exporter – between 80% and 90% of the sector’s output is
exported.
Metallurgy & Foundry
Transport industry
• The Czech Republic has always been a major producer of transport
equipment. Czech automotive production accounts for a significant portion
of the overall economic performance of the Czech Republic.
• The dominant position without any doubt occupies the manufacture of
passenger cars, followed by the manufacture of buses, trucks, trains,
motorcycles as well as container vessels, ships, chemical and gas
tankers.
Aircraft industry
Aircraft
small commercial airplanes, military trainers and light combat aircraft,
aerobatics and sport planes, sail planes. ultralight aero planes
Aircraft systems, components, equipment
airframes and other structural parts, propellers, engines, landing gears, el.
devices, aircraft instruments, hydraulic elements and devices, parachutes,
rescue systems incl. ejection seats, command, control communication and
weapon systems
Mobile heliports and airports
Energy industry
• Thermal power plants produce the largest amount of electric energy
from all power plants, more precisely over 57%.
• Nuclear power plants produce 33% of all electricity produced in the
Czech Republic. There are two of them in our country: Dukovany and
Temelín.
• Hydroelectric power plants produce about 3.63% of country’s electricity
and the largest ones are the dams built on the V ltava River (Lipno, Kamýk,
Slapy, Orlík, Vrané).
• Wind and solar power plants produce nearly 1% of all generated energy.
Mining industry
• The Czech Republic is the fourth largest coal producer in the EU and
will remain one of Europe's largest coal producers as the country continues to
rely on domestic coal output for heat and electricity generation. Large-scale
coal reserves are domestically important as coal-fired power generation
accounts for around 60 per cent of the country's total electricity
output. It is forecast that Czech coal output will reach 53.4 million tons in
2018.
• Coal reserves in the Czech Republic are estimated to be approximately 10 bill.
tons,. The structure of stock as follows:
• hard coal: 37 %
• brown coal: 60 %
• lignite coal: 3 %
Healthcare
Healthcare
• Production of medical equipment is one of the most substantial
and innovative sectors of the Czech national economy. The rapid
development of the Czech medical equipment industry started in the
first half of the 20th century and soon this industrial branch began
recording magnificent international achievements (Gold Medal for
the cardiac defibrillator at the 1958 Brussels World`s Fair,
Nobel Prize for the invention of the polarograph and the
ground-breaking invention of hydrogel contact lenses).
• One of the most important current successes is the world-class
production of hospital beds. The excellent results of the Czech
medical sector together with the innovative potential of the domestic
industry support the positive expectations for the future and open up
new possibilities for Czech exports.
ICT
• IT companies with Czech origins are renowned worldwide for their products
and services (AVG Technologies, AVAST Software, Bohemia Interactive, YSOFT).
• Major IT companies that are successful in the Czech Republic: Microsoft,
Skype, Monster Technologies, SAP, DHL, Tieto, Hewlett-Packard, SolarWinds,
Red Hat and IBM.
• The Czech Republic is one of the very few countries in the world where Google
does not have a clearly dominant position on the internet search market. Its
local rival is the Czech company Seznam.cz.
Nano technology
•Nanotechnology itself could not exist without a robust industrial base comprising
the chemical, textile and electronics sectors and strong capabilities in the area of
developing new materials.
• One of the best-known is Elmarco’s Nano spider , an electrospinning
technology that has introduces a step-change into the production of nanofibrebased textiles, improving the production process
GLASS industry
• Apart from glass, porcelain and ceramics, domestic glass jewellery.
•
The world’s leading producer of cut crystal, machine-cut chatons,
pearls and other bijouterie stones, and the Moser glass factory
producing luxury drinking glasses from stained glass and crystal in
Karlovy Vary.
• In addition to these traditional products of Czech glassmaking, an important
place in the Czech glass industry belongs to products which are used in other
economic sectors such as container glass, whose main purchaser is
the food industry, flat glass, which is used mostly in the building
industry, technical glass, which finds its customers in the
chemical industry and, finally, laminated glass, used in the car
industry.
FOOD industry including
AGRICULTURE MACHINERY
• Agriculture machinery, processing meat and meat products, fruit and
vegetables
• Dairy products - processing of milk as well as a production of dairy
products, cheese and ice-cream, powder milk .
• Production of beverages - Beer - minibreweries
• The average beer consumption per capita is an unbelievable 160 litres.
There are 48 active industrial breweries in the Czech Republic which
produced 17.8 million hectolitres of beer.
TOURISM
TOURISM
Wonderful castles and chateaux, world famous spas, unspoilt countryside,
historical cities and legendary cuisine – what will you choose?
Why are the Czech spas some of the most popular in the world? The main
reasons are the healing mineral springs and other natural therapeutic
resources. Guests can also look forward to superb high quality spa care, the
comfort and services offered by the spa facilities and also the beautiful
surrounding countryside.
The Czech Republic is a fairy tale country complete with an
overabundance of castles and chateaux throughout the hilly
countryside
SPORTS
The most popular sports in the Czech Republic are football, ice hockey,
tennis.
The Czech Republic is earning a good reputation across Europe as a
prospective golf destination. Golf in the Czech Republic means great
natural beauty, a mix of superb golf courses and a unique atmosphere.
Pavel Nedvěd, Petr Čech, Ivan Lendl, Martina Navrátilová,
Jaromír Jágr, Dominik Hašek... Who wouldn’t know these athletes?
Opportunities for cooperation
Czech companies are able to provide high-quality export and
investment solutions with competitive prize (and have significant
ongoing experience in exporting and investing in neighboring countries.
They are deeply interested in your investment plans, particularly in
sectors of energy, mining, modernization of infrastructure, such
as roads, railways, airports and related airline transport
equipment (light aircrafts for local routes, airport radar
systems, and ground support equipment).
Agriculture (farm machinery, technologies and irrigation
equipment), food processing and healthcare (medical tools and
equipment) are among other sectors, where our businessmen would
like to cooperate with Myanmar.
Useful information
The Business Info
http://www.businessinfo.cz/en/
Czech Trade
http://www.czechtradeoffices.com/about-czechtrade/
Czech Invest
http://www.czechinvest.org/en
Czech Chamber of Commerce
http://www.komoracz.eu/
The Confederation of Industry of the Czech Republic
http://www.spcr.cz/en/
Czech Exporters Directory
http://exporters.czechtrade.co.uk/en/company-catalogue/
Contact
Renata Brandstätterová
Embassy of the Czech Republic
109/B2 Aung Taw Mu Lane
Than Lwin Road, Bahan Township, Yangon
phone: +95 1 505 019
gms: +95 926 281 9110
email: [email protected]
web: www.mzv.cz/yangon
Thank you
for your attention!