In 2018, the growth in GDP slowed down from 4.4% to 3% due to the lack of HR and production capacities and a growing uncertainty related with the outer environment.
The ambition of the future minister of industry and trade Karel Havlíček (representing ANO) is to make the Czech Republic an industrial and technology leader.
Export prices grew 3.4% y/y in February 2019. Import prices into CR gained 3.3%. Terms of trade decreased to 100.1%.
Prime Minister Andrej Babiš (ANO) has proposed to President Miloš Zeman to appoint Karel Havlíček, the current deputy chairman of the Research, Development and Innovation Council as Minister of Industry and Trade.
The Ministry of Industry and Trade will support industrial research and development projects within the TRIO program.
The Ministry of Finance has adjusted the GDP growth outlook for 2019 from 2.5% to 2.4% due to the deteriorated development in external environment.
Energy was the driving force of the Czech industry in February 2019.
The CzechRepublic does not sufficiently support development of energy accumulation. It rather inhibits it, says the Association for Energy Accumulation and Batteries, AKU-BAT CZ.
From January to February 2019 public investors completed and awarded to concrete suppliers a total of 6,254 contracts or their parts with a total value of CZK 69.6bn.
In 2018 the Czech Republic achieved the second highest surplus in public finance in its history. The debt fell to the level recorded before the economic crisis.