Italian exports to Czech Republic rise sharply

(AGI) Prague, June 27 - Italian exports to the Czech Republicare rising sharply, a result of Italy's strategy to shift itsforeign trade focus to Eastern Europe. Exports increased by14.5 percent in April, compared with the same month in 2013,thanks mainly to the automotive, machinery and basic chemicalssectors. Gains were also reported in sectors in which Italytraditionally excels, such as fashion, food and design. Italianalso increased its investments in the Czech Republic in April:6.2 percent year-on-year, particularly in the manufacturing andservices sectors. The Czech Republic is an attractive countryfor foreign producers

(AGI) Prague, June 27 - Italian exports to the Czech Republicare rising sharply, a result of Italy's strategy to shift itsforeign trade focus to Eastern Europe. Exports increased by14.5 percent in April, compared with the same month in 2013,thanks mainly to the automotive, machinery and basic chemicalssectors. Gains were also reported in sectors in which Italytraditionally excels, such as fashion, food and design. Italianalso increased its investments in the Czech Republic in April:6.2 percent year-on-year, particularly in the manufacturing andservices sectors. The Czech Republic is an attractive countryfor foreign producers because of its good macroeconomicindicators, with a growth outlook close to three percent forthis year. Other factors that pull in foreign investmentsinclude energy and labour costs below the European average, acentral geographical location, easy access to credit and taxbreaks for greenfield investments.. .