The Czech Republic is considering selling an explosives manufacturer to fund its defense budget
The Czech Republic is considering selling Explosia, a state-owned manufacturer of explosives and ammunition, with the proceeds potentially being directed toward defense investments.
This was reported by iDnes.
Czech Prime Minister Andrej Babiš stated that France, through President Emmanuel Macron, as well as other European companies, have expressed interest in the company.
According to him, Explosia has significantly improved its financial performance, increasing its revenue fivefold, so any potential sale must take place only on terms that are most advantageous to the state, taking into account the company’s cooperation with the Czech Army.
Babiš noted that the potential proceeds could be very substantial, and the funds could be used for defense investments, in particular to fulfill the Czech Republic’s obligations to NATO.
The Czech Foreign Minister met with the Ukrainian ambassador and plans to speak with Sibiga.
The Czech Foreign Minister plansto meet with the Ukrainian ambassador in response to Okamura’s statements.
