We held an international virtual business networking session that introduced the audience to an update on business opportunities in Czech Republic and in the surrounding region.
Thank you to Global Chamber® Executive Director Christopher Herring for taking us on this journey!
According to the China-CEE Institute, the coronavirus crisis has overturned plans and predictions concerning economic development for Czech Republic in 2020. A prediction of the GDP growth presented by the Ministry of Finance in January is very illustrative of this twist. A growth of 2.0 per cent was expected, whereas a May prediction replaced the figure by a slump of 5.6 per cent. This briefing is divided into two parts. The first one is based on the most recent official macro-economic prediction report elaborated by the Ministry of Finance, while the second one inquires into the start-ups field, into consequences and prospects thereof. That is because the Czech start-ups are very dynamic and promising segment of the economy with global ambitions.
Further from China-CEE Institute... Czech start-ups have been expanding abroad. Though the main focus of start-ups is still the Czech market, virtually one third have already started carrying on business in other countries, and the number is increasing. Given that the start-ups are usually highly adaptable, dynamic, disruptive and innovative, the potential for their development and international expansion is large. The majority of Czech start-ups are specialised on e-commerce and marketing, web services, agriculture, food and life science, analytics and projects management, fin-tech and legal-tech as well as transportation, logistic and mobility. Listen to the presentation by Monika to gain more insights.
About Monika Prochazkova.
Global Chamber® is a growing and collaborating community of CEOs, executives and leaders in 525 metro regions around the world... connecting member businesses to new opportunities and advancing growth and success. It's the only chamber of commerce in the world operating in hundreds of locations that helps exporting, importing and investing members to connect through warm introductions to clients, partners, projects and resources.
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