Strojosvit should be revived

Article Abstract:

Strojosvit-F.CZ (Krnov, Czech Republic), tannery machine manufacturer, is on the edge of bankruptcy proceedings after its unsuccessful privatization. The firm's debts are CEK 200 mil and exceed its stock. New management should revive the firm and should sell it to a strategic partner. Before, the firm exported to India, China, Vietnam, Pakistan, countries of the former USSR and South America. The exports were only running down during the last few years. Strojosvit's privatization was started in 1996, when the state sold the company to the manager firm STG Strojosvit (STGS). STGS never paid for the firm and the National Property Fund cancelled the contract. In may 2001 the company was sold to B and P Consulting (Czech Republic).

Organizational history, Special industry machinery, not elsewhere classified, All Other Industrial Machinery Manufacturing, Special Industry Eqp NEC, Industrial equipment, Industrial equipment industry, Strojosvit Krnov F.CZ

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The growth of the economy was lower than expected

Article Abstract:

Czech Republic: According to the data of the Czech Statistical Office (CSO), the output of the domestic economy increased by only 2.9% in 2000 compared to the expected 3.1%. CSO has updated the earlier reported information upon more detailed data. The changes should not influence results for 2001.

Gross Domestic Product

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