Minister: Banks placing obstacles in way of Czech arms exporters

While Czechia’s arms industry has seen record exports in the last two years, its armaments makers are still facing one major problem, according to the country’s defence minister. Jana Černochová says international banks are making it hard for such firms to acquire loans or make payments.

The Czech minister of defence, Jana Černochová, held talks with representatives of over a dozen of the country’s biggest armaments makers on Monday. She says her officials aim to hold regular meetings with industry leaders, and not just in view of the war in Ukraine.

After the two hours-plus meeting, Ms. Černochová said the arms manufacturers had impressed on her that they were facing one major hurdle – banks.

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Author: Ian Willoughby