Zeman supports more Russian investments

In a speech at the Russian embassy in Prague, the Czech President Miloš Zeman said that he would like to see the volume of Russian investments in the Czech Republic increase in the next few years. Speaking at a ceremony commemorating the end of the Second World War, Mr Zeman said that Russian investments currently make up 0.8 percent of all foreign investments in the country, and that he would like to see that amount rise to between two and four percent. The president and the Russian ambassador both spoke about the Czech-Russian consortium which is one of the two bidders for a multi-billion-crown tender for the expansion of the Temelín power plant. Some experts worry that giving the energy tender to the consortium, as opposed to the Japanese-American company Westinghouse, would not be in the best geopolitical interests of the Czech Republic.

Author: Masha Volynsky