Cyprus News Agency

Czech President Petr Pavel emphasized at the Assembly of the Confederation of Industry and Transport that the national economy must be able to keep pace with global changes.

Bringing together representatives from industry, academia, and politics to discuss strategies that will keep the Czech Republic strong and competitive, Pavel said: “We need modernization not only in energy and defense but also in other areas such as infrastructure.”

Pavel added that the new government must balance responsible budget management with the need for growth, stating: “Sustainable finance and future-oriented investments are not mutually exclusive; it is possible to achieve both.”