Defense Sector to Become ‘Pillar’ of Auto-Heavy Czech Economy
The Czech Republic’s arms sector is dominated by a handful of players including CSG.
Photographer: Milan Jaros/BloombergThe Czech Republic’s new government will seek to transform the defense industry into an engine of the nation’s export economy as the flagship auto sector faces stiffening competition, a senior cabinet member said.
Karel Havlicek, minister for industry and trade in the cabinet of billionaire Prime Minister Andrej Babis, said the Czech defense sector should become a “strong industrial pillar” alongside automotive, energy and transport.