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Global Trade Alert

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Czechia: Investment incentive granted to EV component manufacturer

Description

On 24 January 2024, the Czech government approved an "investment incentive" worth CZK 528.6 million (USD 23.1 million) for Vitesco Technologies. The beneficiary company will build a new industrial pla...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

24 Jan 2024

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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