17 Filip Korinek

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Published on November 15, 2007

Author: Wen12

Source: authorstream.com

Emerging Opportunities in the Czech Republic 22 November 2005:  Emerging Opportunities in the Czech Republic 22 November 2005 Filip Kořínek about Czech Republic & Czech market:  Filip Kořínek about Czech Republic & Czech market Graphics: CzechTrade Slide3:  Source: CzechTrade What it is NOT ?:  What it is NOT ? Slide5:  It is not called Check, Cheque, or Czeck It is no longer part of Czechoslovakia It is not next to Slovenia It is not in Eastern Europe It is not always cheaper than the West, & not easy to penetrate with new products What it IS then?:  What it IS then? Key facts:  Key facts Czech Republic vs. Hong Kong:  Czech Republic vs. Hong Kong Czech Republic: 78,866 km2 10.2 mil. people LEB: 76.0 years GDP/c: 16800 USD Hong Kong: 1,092 km2 6.9 million people LEB: 81.4 years GDP/c: 34200 USD Slide9:  BASIC ECONOMIC INDICATORS * estimate/forecast/outlook (Ministry of Finance, Czech National Bank, other sources) BASIC ECONOMIC INDICATORS * estimate/forecast/outlook (Ministry of Finance, Czech National Bank, other sources)  BASIC ECONOMIC INDICATORS * estimate/forecast/outlook (Ministry of Finance, Czech National Bank, other sources) BASIC ECONOMIC INDICATORS * estimate/forecast/outlook (Ministry of Finance, Czech National Bank, other sources) Czech Republic – key facts Slide10:  Foreign Trade (bil. USD) Export – in USD - increased by 37.7%, Import – in USD – increased by 32.4% In Czech currency, exports increased by 23.8%, imports increased by 19.2%. Top 10 investments (through CzechInvest):  Top 10 investments (through CzechInvest) Top 7 companies (by turnover in 2003):  Top 7 companies (by turnover in 2003) Source: Book of Lists Media snapshot – recent news:  Media snapshot – recent news Czech firms see rise in profits mainly thanks to strong economic growth, rising exports and high service charges Beer sales and export up – Czech breweries produced 14.42 hectoliters of beer between January and September Three Skoda models made the top 10, above Porsche, BMW and Jaguar, in a readers‘ poll by BBC Top Gear magazine The Czech unemployment rate fell in the 3rd quarter to 7.8% CzechTourism estimates number of foreign tourists to reach 8.55 million and income from tourists to be EUR 3.75 billion. Regional comparison - CEE:  Regional comparison - CEE GDP per capita (current PPPs, EUR ths., 2003) Regional comparison - EU:  Regional comparison - EU USA – 141% …. Germany – 99% … Greece – 75% Portugal – 68% ->> 2005: 68 % ------------- Czech Republic – 65 % ->> 2005: 68% Hungary – 56% Slovakia – 50% Poland – 45% GDP per capita, PPP – 2004; EU 12 = 100% Dynamic growth in retail:  Dynamic growth in retail Year 1996… - number of hypermarkets ? = 2 Year 2003… - number of hypermarkets ? = 146 Dynamic growth in retail:  Dynamic growth in retail Hypermarkets, supermarkets, discount stores, C&C… And the growth continues – example of Tesco Tesco in 2004 - 23 hypermarkets + 6 supermarkets Late 2004 - Tesco acquires 11 stores from Carrefour Tesco in 2005 – planning to open 25 more stores These 10 strongest retail chain groups have 55% of the financial volume of retail sales (2003) Quality of Life - Prague :  Quality of Life - Prague Quality of Life - Golf :  Quality of Life - Golf Source: CzechInvest HKTDC Prague, Czech Republic :  HKTDC Prague, Czech Republic Hong Kong Trade Development Council Na Beránce 2, Praha 6, 160 00, Czech Republic Consultant: (Mr.) Filip Korinek Project Manager: (Mr.) Martin Levanti tel. (+420) 233 323 514 fax (+420) 222 81 22 83 email: prague.consultant@tdc.org.hk

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