The government will support Czech engines

Article Abstract:

Skoda Auto (SA) (Mlada Boleslav, Czech Republic), car company, has ensured a support from the Czech government for a project on a new engine plant worth about 18 bil Kc. The parent concern Volkswagen conditioned the investment, which will go to the Czech Republic instead of Spain or Poland, by the agreement of investment incentives by the end of 1998. The governmental support includes tax holidays in 2000-2003, duty-free imports of new machines and an interest-free loan of 2.3 mil Kc for the re-qualification of employees in 2000. SA will save about 6.7 bil Kc due to the tax holidays.

Capital expenditures, Administration of General Economic Programs, Motor Vehicles & Parts, Transportation Equipment Manufacturing, Investment Incentives, Skoda Auto

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AC asserts on the Czech market with a striking force

Article Abstract:

Actebis Computer (AC) (Prague, Czech Republic), computer distribution firm, was set up as a branch of Actebis Gruppe (Germany) in the Czech Republic. AC expects a turnover of over 1 bil Kc in 1999. The firm will have 45 employees. AC will does sales through dealers. The company's selling branch will be in Brno, Czech Republic. AC's main products are Targa computers. Actebis Gruppe is owned by the concern Otto, involved in mail-order trade.

Comment:

Sets up computer distributor Actebis Gruppe in the Czech Republic

Organizational history, Parent-to-subsidiary activities, Computer and Computer Peripheral Equipment and Software Wholesalers, Computers Wholesale, Computer wholesalers, Article, Actebis Computer, Actebis Gruppe

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