Search Results

You are looking at 1 - 3 of 3 items for :

  • Author or Editor: Jana Vlčková x
  • Business and Economics x
Clear All Modify Search

This case study of the medical technology sector in Czechia places a major focus on the position of Czech firms, particularly SMEs, in global production networks and their internationalization. The medical technology (MedTech) industry is on the rise in Czechia, although in relative terms it is part of a relatively less important category. Three types of MedTech firms have been identified in Czechia: branches of TNCs, mostly domestically-owned innovative SMEs, and local SMEs focusing on low-value production. Despite there being several innovative and successful firms, production is dominated by low-value disposables and medical and surgical products. Apart from exports, other forms of internationalization are rare and occur mostly among a number of innovative firms. With a few exceptions, production facilities are established in neighboring post-communist countries. The low levels of internationalization are mostly related to the nature of local SMEs as well as the limited ambitions of local firms. With more sophisticated products Czech SMEs could focus more on Eastern European countries outside the EU, where Czechia has historical economic ties and the regulatory requirements are likely to be less strict. An industry move towards connected health solutions is also an opportunity for start-ups focusing on health applications.

Open access

There has been an increase in outward foreign direct investment (FDI) and in the number of locally-owned or controlled multinationals in the Czech Republic and Hungary. However, data problems hinder to determine accurately the underlying trends and the main factors behind the changes. Data on outward FDI contain investment realised by all locally operational firms, regardless of their ownership. We rely on newly available balance of payments manual 6 (BPM) data and on company case studies. We show that outward investment by Czech firms must be much higher than what balance of payments data show. Hungary's case is the opposite. The leading Czech and Hungarian foreign investor firms can be categorised as “virtual indirect” foreign investors: they are in majority foreign ownership, but under domestic control. The reason for this special type of firms dominating in outward foreign direct investments can be found in the privatisation technique applied in these countries during the transition process.

Open access

The Czech Republic benefits from its geographical location, relatively cheap and educated labour force, industrial tradition, high economic growth, and political stability. During the last two decades, Czech-Chinese relations have intensified mainly in terms of trade but also in investment and, in more recent years, also at the political level. In this paper, we assess existing trade and investment relations between the two countries, the Czech Republic’s potential for Chinese trade and investment presence in the EU in comparison to other V4 countries, and also explore the future opportunities and threats for more intensified relations. The trade analysis reveals that the fragmentation of world production has enabled more Chinese value added exports to reach the EU western markets through processing in the Czech Republic. Mutual cooperation can be beneficial for both sides as long as both countries avoid corruption, bridge cultural differences, deal with profit repatriation and prevent misconduct in property rights.

Restricted access