Press Advisories

3. 3. 201620:42

Prime Minister Sobotka met with German investors

At the invitation of the Ambassador of the Federal Republic of Germany, the Czech Prime Minister Bohuslav Sobotka attended a working lunch with representatives of German companies operating in the Czech Republic on the 3rd of March 2016.

Discussions between the Prime Minister and German investors focused mainly on the system of investment incentives in the Czech Republic, the current economic situation and the outlook for this year and the priorities of the Czech government in infrastructure projects.

Another topic of discussion was strategic partnership in the form of the ongoing Czech-German strategic dialogue. This focuses, inter alia, on strengthening and promoting cooperation in the areas of business and economics, professional training and the introduction of the principles of Industry 4.0 into the Czech economy. One of the themes of the strategic dialogue is collaboration in science and research with an emphasis on application in the business sector.

The development of Czech-German business cooperation will also be one of the main themes of the mission of Prime Minister Bohuslav Sobotka to Bavaria, which will take place on the 10th and 11th of March 2016.

The Federal Republic of Germany has long been the most important trade partner of the Czech Republic, and currently contributes 29.4 percent of the total revenue of our foreign trade. Germany is the largest market for goods produced in the Czech Republic. The most foreign direct investment is also directed from the Federal Republic of Germany to the Czech Republic. Between 1993 and 2014, German companies invested a total of 19.5 billion Euros in the Czech Republic. This represents a 21.9 percent share of all foreign investment in the Czech Republic.