Czech Business Δ 27th of February 2018 Ω 10:48 AM

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~ Czech Invest

»Czech Invest

GE Aviation successfully tested new type of engine in Prague
ξ completed the first trial of the its state-of-the-art Advance Turboprop (ATP) engine
ξ a step toward fulfilling the investment contract with the government of the Czech Republic
ξ on construction of a new centre for development, testing and manufacturing of turboprop engines in the Czech Republic
ξ centre to employ more than 500 people
ξ the centre should manufacture more than 400 engines annually
ξ certification trials of the ATP engine begin in 2018
ξ engines expected to be used in Cessna Denali private planes manufactured by Textron Aviation
ξ certification process should be completed by 2020
ξ CzechInvest assisting with the placement of its centre for research, development and production of new turboprop engines,
ξ including facilitation of contact with Czech suppliers

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~ Czech Republic

Czech Republic
ξ joined the European Union in 2004
ξ the first CEE country to be admitted into the OECD
ξ a member of NATO, WTO, IMF and EBRD
ξ most European destinations can be reached from Prague within a two-hour flight

Transport
ξ direct highway connections to Germany, Poland and Slovakia
ξ one of the densest railway networks in Europe
ξ direct flights to most European cities;
ξ four direct routes to Asia (Beijing, Shanghai, Cheng-du and Seoul) and
ξ three to North America (Montreal, Toronto and New York)
ξ efficient metro in Prague

Energy
ξ electricity in the Czech Republic is provided via 5,610 km of power lines
ξ reducing its dependence on highly polluting low-grade brown coal
ξ nuclear power currently covers roughly 30%
ξ Czech gas transmission system is NET4GAS, which operates more than 3,800 km of pipelines

Telecommunications
ξ electronic-communications sector in the Czech Republic has been fully liberalized

Educated Workforce with Relevant Business and Technical Skills
ξ school attendance is compulsory from age six to 15
ξ public universities offer programs ranging from ICT and electronics to life sciences and humanities
ξ ICT 30,739 students 6,756 graduates academic year 2016/2017
ξ Electrical engineering 14,744 3,307
ξ Automotive 25,994 6,184
ξ Mechanical engineering 15,181 3,336
ξ Nanotechnology and materials 7,148 1,696
ξ Aerospace-related fileds of study 18,878 5,038

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