No nationalization of chambers
2007-02-28
The Economic Chamber's attempt to nationalize foreign
chambers of commerce came in like a lion and went out like a
lamb. The foreign chambers attacked it in the early stages for
hearkening back to the pre-1990 period. The industry ministry
then quietly killed the idea. The Economic Chamber apparently
doesn't like the way large foreign investors, acting through their
chambers, are influencing local legislation in areas such as
bankruptcy and commercial registration. Converting the
chambers to departments of the Economic Chamber would
eliminate this competition. By trying to play catch-up, though,
the Economic Chamber is missing another big competitive
opportunity. The era of large foreign investments is nearing its
peak, and the next big investment phase will belong to small
and mid-size enterprises. This is where the Economic Chamber
can have a significant impact.
[Czech Republic Hospodářská komora SMEs]
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