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Your business partner: 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!