Investments worth several hundreds of millions of Czech crowns

Article Abstract:

Sconto Nabytek (Ostrava, Czech Republic), furniture seller, commissioned a new shop on 19 November 1998. The construction of the shop took six months. The shop has a selling area of 8,000 sq mt and offers 14 groups of goods. The shop has a warehouse with an area of 4,800 sq mt and a height of 20 mt. The general supplier of the project's construction part was IPS (Trinec, Czech Republic). The investment costs on the project were 360 mil Kc. The project's investor is Moebel Waltner AG (Germany). Sconto Nabytek has 170 employees currently. The company should commission shops in Brno and Prague, both in the Czech Republic. The final number of the firm's employees should be about 400.

Comment:

Sconto Nabytek (Ostrava, Czech Republic), furniture seller, commissioned a new shop on 19 November 1998.

New capacity, new plant construction, Contracts & orders received, Furniture Stores, Commercial and Institutional Building Construction, New Store Construction, Store construction, Trinecke Zelezarny A.S., Sconto Nabytek

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Direct foreign investments

Article Abstract:

Czech Republic: The deficit of the current account of payment balance decreased to 34 bil Kc in 1998 compared to 100 bil Kc in 1997. A reason for the drop was a decrease in the deficit of payment balance. According to analysts, the decrease was caused by low domestic demand, which resulted in the drop of imports. The inflow of direct foreign investments was 80 bil Kc in 1998, a double compared to 1997. The credit of the financial account was 85 bil Kc in 1998 compared to 34 bil Kc in 1997. The share of direct foreign investments in the deficit of the current account was 240% in the Czech Republic in 1998 compared to 40% in 1997.

Strategy & planning, Balance of Payments

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