04-04-2025
Czech Billionaire Expands His Weapons Company to Arm NATO
By and Andrea Dudik
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Hi, this is Krystof Chamonikolas and Andrea Dudik in Prague. Welcome to our weekly newsletter on what's shaping economics and investments from the Baltic Sea to the Balkans. You can subscribe here.
One of the biggest investment themes of the year has been defense companies as Europe comes up with plans to spend billions of euros on new military hardware and rely less on an increasingly unpredictable US. And with that, Czech billionaire Michal Strnad wants to turn his Czechoslovak Group, or CSG, into one of the continent's most significant arms producers.
