PragueConnect.cz - Economy

PragueConnect.cz is providing resources for English speaking Business Professionals living in, visiting, or interested in Prague and Czech Republic. Browse our latest Economy articles, if you have interesting content to share with our users, please feel free to contact us anytime to discuss with us possible publication on PragueConnect.cz!

Škoda Auto, Hradec Králové District and Czech Rep. to collaborate

Škoda Auto, Hradec Králové District and the Czech Republic signed the Memorandum of Collaboration on March 23, 2015. The signing follows the governmental decision to approve the concept of regional aid in connection with the investment of Škoda Auto in Hradec Králové District where the automaker will invest around CZK 7.2bn. By 2018, Škoda Auto should expand and modernize the Kvasiny plant, which will create up to 1,300 new jobs and increase production capacity to 280,000 vehicles per year.

Source: www.cianews.cz