Plans high-level visit to strengthen economic ties
ADDIS ABABA- Ethiopia’s recent macroeconomic reforms are expected to address key economic challenges and boost investment, said Czech Republic Ambassador to Ethiopia, Miroslav Kosek.
In an interview with local media, Ambassador Kosek highlighted that the reforms implemented by Ethiopia in recent months are critical for resolving previous issues, especially those related to foreign exchange. “Although it will take time to fully transform the business environment, the reforms are the right decision and will motivate the economy,” he said.
The ambassador also noted that the reforms aim to create a favorable investment climate and improve ease of doing business in Ethiopia. According to him, the reform will attract more investment and address long-standing challenges related to payments for services and sales.
“We discussed the reforms with Czech investors last month, and they expressed satisfaction with the positive changes,” Kosek said. A high-level delegation from the Czech Republic is scheduled to visit Ethiopia soon to strengthen bilateral relations and explore new projects.
“The upcoming visit will include key political decision-makers, marking a new stage in the relationship between the two countries,” he added. Kosek indicated that several Czech companies are already assessing the Ethiopian market and exploring potential opportunities.
The Czech Ministry of Foreign Affairs Director of the African Department Zdink Sebrova underscored the importance of fostering business-to-business cooperation. “We are looking at opportunities to expand trade relations, as Ethiopia could provide a better market for some of our products and services,” Sebrova noted.
Ethiopia and the Czech Republic, which established official diplomatic relations in the early 1990s, continue to cooperate across various sectors, building on their longstanding partnership.
Ethiopia has made considerable efforts to attract foreign direct investment and has offered appealing incentives for anchor companies across the globe.
BY ESSEYE MENGISTE
THE ETHIOPIAN HERALD THURSDAY 31 OCTOBER 2024
