Czech Republic creates investment programme for high risk markets

The Czech government has unveiled a scheme with aims to simplify and increase the availability of projects offered by Czech commercial banks to Czech companies looking to do business in high risk markets.

The project is the first in central Europe aimed all states on the OECD’s official development list and is worth two million euros.

“We decided to follow what is being discussed on the EU level about how to be efficient in developing cooperation in developing countries,” said Martin Tlapa, the Czech Republic’s deputy minister of foreign affairs. “The consensus is to move away from just giving money to difficult regions in Asia and Africa, and to invest instead. This is something that was decided at government level last year and we have prepared the programme following this direction. It is something that is really quite new among the countries of central Europe.”

The scheme is aimed at firms operating in every sector, with a special focus for those in the agriculture, healthcare and water management business.

“It is aimed at Czech companies that are investing in developing countries. We will see what the demand is and will be flexible in adjusting all of the parametres, following discussions at the European level,” added Mr Tlapa.