Prime Minister Sobotka held talks with prominent German investors on stepping up cooperation

On Monday 4 May 2015, at the beginning of his official visit to Berlin, Prime Minister Bohuslav Sobotka met 21 major German investors. Discussions with the Prime Minister were attended by representatives of companies such as ŠKODA AUTO, SIEMENS AG, Volkswagen AG, Airbus Group, Heinkel CR and E.ON Czech Republic.

The main topics of the meeting included the current macroeconomical development of the Czech economy, government action to support new investors and the current global situation and its impact on trade and economic policy.

“Support for economic growth, foreign investment, export, employment and technical training are my government’s key priorities. In terms of strategic input from foreign investors and their impact on the economic performance of the Czech Republic and employment, we appreciate in particular innovative and competitive enterprises as welcome partners for our process of self-improvement, to share experience and room for the application of science, research and development, which is also an area to which we attach considerable importance. My government’s aim is to work to improve conditions to enable us to develop existing investments, and, most importantly, to attract new investment, thereby creating new job opportunities in our country,” said the Prime Minister.

The Federal Republic of Germany has long been one of the most important business partners for the Czech Republic. A third of Czech exports are destined for the German market and Germany is also the largest exporter to the Czech Republic.

According to data from the Czech-German Chamber of Industry and Commerce, around four thousand companies financed by German capital operate in the CR, employing over a quarter of a million people.