BERLIN – are the favored location for international investment in the Europe of the middle, but now even they invest abroad. Even in Germany. We speak of the dear, civilized Czech Republic as the Czech Republic has finally decided to renaming itself to desire to rediscover its national identity while not chauvinistic. A few hours ago the Czech energy giant Eph – Energetický to průmyslový holding – has announced that it will acquire the coal mines and coal-fired plants in Germany, the Swedish giant Vattenfall. The final ok is in the hands of the Swedish government, but seems obvious.
You do not even talk about price, and Vattenfall had decided to disinvest from coal. But in the first European economic power Germany, decided to remain net exporter of energy even despite the farewell to nuclear decreed by Angela Merkel for political reasons after the Fukushima disaster, the sector of energy production it remains irreplaceable, as the most polluting of ‘short-atom. The novelty is that an investor arrivals ‘came from the cold’, as we said before 1989, in short one of those countries that improperly call “the East.” Although geographically Prague is further west than Vienna.
It ‘a country’s success that we still have to get used to call Czech Republic (they were far too timid, like the Good Soldier Svejk), and that as Czechoslovakia in the years twenties and thirties, was the sixth of the world industrial power, cradle of excellence and technological innovations revenue then in our daily lives, from a motor contact lenses Porsche. The general data speak clearly, enunciate them the international rating agencies and the German KPMG: the Czech Republic overtook Poland and Hungary as a preferred destination for international investment in the Europe of the middle, in those countries subject to Soviet colonial rule until 1989.
the rating is greater: for Czechs ccording A1 Moody’s, AA + by Standard & amp; Poor’s, respectively, against BA1 and BB + for Hungary and A2 and A- for Poland. The ‘ attractiveness ‘ Czech as for global investors is the level of that of Estonia, Japanese or Chilean. The annual growth of the gross domestic product is high on average for the European Union, that is 2.4-2.5 percent with a surge of 4.2 percent last year. The inflation of 0.3-0.4 (the Czechs are hoping that at least go up a bit ‘to 1.4 percent), unemployment is falling, from 6.1 of 2014 to 5.6 expected for this ‘year.
What, for international investors, the atouts the Czech Republic? KPMG and the rating agencies list them fast: central location in Europe, excellent infrastructure and rail and air transport, the Italian Pendolino trains all’ipermoderno Prague airport Vaclav Havel. High industrial tradition and industrialization, labor moderate price but highly qualified, politics (anyone governments) aimed at attracting qualified investment: tax rebates and aid with the EU cohesion funds if they are real and not speculative investments. The results are obvious: when we talk about everyone thinks the Skoda car factory taken over by Volkswagen, few know that Skoda also produces and exports industrial machinery and electric locomotives by more than 200 times. Or that Aero Vodochody, the local aviation industry, produces a light attack jet roughly comparable to the Amx ‘Ghibli’ Italian, that is a technological level that Poles and Hungarians dream.
Last but not least, the Czech Republic has extremist and xenophobic movements as every European country, but does not live a turning autocratic-authoritarian-Eurosceptic, unlike the Warsaw and Budapest. They have no star Havel’s political heirs or Dubcek, however, know how to be pragmatic. Not surprisingly, the last trip abroad (Atlantic), Chinese President Xi Jinping chose Prague as the only step. To negotiate a special relationship and pilot senior Chinese investments on the Vltava, despite the slowdown in the growth of the People’s Republic. If he looks so far in such a small country, for the Chinese jokes “as small as the number of guests of a big hotel”, the Xi-mate will also have its convenience, one would say.
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