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There is a shadow hanging over Europe. Donald Trump’in to the White House, the economy and military lawyte the continent exposed the charming chars. After two years of negative growth in Germany, it was not clear in Germany and industrial electricity.
Now they are responsible for questions about Germany’s allies living in the shadow of Europe’s economy. This is the most obvious in the east in the neighbor: Czech Republic.
The Volkswagen group of $ 348 billion in the giant, Skoda, a quiet success story for the Czech Republic, as due to long-term risks in connection with the rising of the country’s cold war.
Czech Republic, known as the Czech Republic, built the economy of the Cold War in the same way Germany reunited: a carefully in the industry. As a share of GDP, in the last 30 years, in the last 30% in the country, along with 20% to bend the Western trend of Germany and rose over 20%.
One third of the Czech exports go to Germany, 20% of imports come from their nearest neighbor.
Relations between the Czech Republic and Germany are the best example of the largest company that is the largest company belonging to Germany’s largest company.
The power of the scott
The Skoda, Audi, Seat, Porsche and Volkswagen organizes a significant part of the massive Volkswagen group.
Harmakhan in 2023, 26.5 billion euros, in 2022, the mass of 26% and about 10% of the Czech economy.
If there was an independent company, Skoda, Fortune 500 in the top 150 in Europe, one of the top 10 carmakers and the largest Czech company in the list.
The car manufacturer has not decreased as authorities under the Volkswagen umbrella in recent years. In the first nine months of 2024, Skoda increased by about 35% of Skoda operating profits compared to the same period, and the Volkswagen group faced a 10% reduction in profit.
In the nine nine months of 2024, the Group’s profit margin is among the most profitable brands between 8.3% of Volkswagen and 5.6% from the edge of the collective group.
According to David Havrlant, the Czech Republic İx chief economist, the Volkswagen group said “Golden Eggs”. Fortune.
Carmaker’s sales are extremely European oriented. At 10, nine of the cars were delivered to Europe in 2023 to Europe and the Asia-Pacific. Previously from the sale of the sale off the sale in Volkswagen’s sales, previously dominated the magnifying consumption market in the reverse.
Indeed, Skoda increased by a 1.4% decrease in the Scoda, the 1.4% decrease in the Volkswagen brand, 6.9% reflecting about 10% of the supply last year.
Separation from Volkswagen is more widespread in the Czech and Germany.
The Czech Republic struggled with Germany, fought by 2024, and after sanctions on Russian energy, GDP decreased by 0.3%.
According to the International Monetary Fund (IMF), 2.3% increase forecasts in 2025 are expected to predict the country’s western partner, almost three trio forecasting.
The Czech economy proved to be more attractive to enterprises wishing to expand their prints. The salary in the country, for example, to reduce the cost of about half of those in Germany.
Its a wider population also appears more content.
“I would say that the Czech consumer is less depressed than a German consumer,” Mother Boata, the head of the Economic Research is in ALLIANZ. Fortune.
The domestic demand is expected to be a large driver of Czech GDP growth this year and reflect higher consumer confidence.
The seemingly visible gardens between the Czech Republic and Germany continue to threaten the country’s economy.
The barriers of the Czech Republic
The Czech manufacturer has been in 2022 since today, since today, Germany’s PMIs for about three years, for about three years, for about three years, which resulted in low-flowing effects and falling demand.
Ladislav Tyll, among companies in the supply chain between the manufacturers and companies in the Prague University of Economics and Work, the car sector in the Czech Republic organizes about half a million jobs.
“It is so clearly, if something is wrong … if they are working and this country can be technically collapsed,” Tyll. Fortune.
Both countries are fighting the falling investment by creating an obstacle for future growth.
“It’s not really good for these economies, and it doesn’t follow anything good for the coming years,” Tyll.
One of the main concerns for the production and severe economy of Chezia is oppressed climate goals. In November last year, the country united to Italy and united EU climate rules This will lead to the sale of carbon viating vehicles until 2035.
Allianz’s Boata says that in 2025, there is a transition year for karmakers and the occupied economies. On the one hand, they will need electricity and hybrid vehicles to comply with environmental regulations. On the other hand, it means entering more competitive markets by the cheapest Chinese-made opponents.
“This will also affect the turnover of German car manufacturers, not the price, but also, but also the price of these Czech suppliers.
Ing’s Havrlant writes about the Czech economy. He says that there are four stages of the structural crisis, a country must pass before politicians.
“You must accept that there is a problem. Second, you must admit that this problem is. Third, you must force yourself to be able to do something about it. And the fourth, you do something about it.”
When the Czech Republic comes to the city sector, it is in a place before the three and fourth stages.
As a result, Havrlant thinks that the Czech economy is slowly from Germany.
“Their order books have been so far so far, so far, it was enough to wait until the improvement of things, but this is not the case.”
PoliticalismAlias
The political story in the Czech Republic is also the same as in Germany and the rest of Europe.
As in Germany, the elections are like elections in 2025 and have a populist tone similar to voting in both countries.
In Germany, Deutschland (AFD), the National Rally in France, the Italian Brothers, the Brothers of Italy and England, the largest economy and the status quo in Europe.
Therefore, similar Jingoist Patriots for Europe, the stroke of the Populist Populist Party has set the elections to sweep in 2025.
Tyll said that the potential victory of Patriots will have a positive effect for Europe.
Instead, this is the February elections in Germany, which has more risk for the Czech economy.
The increasing impact of distant recovery can cause Volkswagen to target the work on the outskirts of Germany, and the potential target of Skoda can cause a potential goal.
The country will recognize the importance of a deeper partnership, which is the importance of the German “golden eggs” and more serving more than the Czech Republic.
Editor’s note: This version of this article first appeared on Fortune.com on January 21, 2025.
This story was first displayed Fortune.com
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