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Former Prime Minister Jose María Aznar at 6th International Expansion Forum - Spain

Former Prime Minister José María Aznar speaks during the first day of the VI Foro Internacional Expansión, at the Parador de Alcalá de Henares, on May 21, 2025, in Alcalá de Henares, Madrid (Spain). The forum, organized by the business daily, brings together business leaders, politicians and international experts and addresses the major economic, geopolitical and technological challenges of the new global era, with sessions dedicated to geopolitics, artificial intelligence, business competitiveness, energy, finance and the internationalization of the economy. Photo by Alejandro Martínez Vélez/Europa Press/ABACAPRESS.COM

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Former Prime Minister Jose María Aznar at 6th International Expansion Forum - Spain

Former Prime Minister José María Aznar and the mayor of Alcalá de Henares, Judith Piquet (left), on their arrival at the first day of the 6th International Expansion Forum at the Parador de Alcalá de Henares on May 21, 2025, in Alcalá de Henares, Madrid (Spain). The forum, organized by the business daily, brings together business leaders, politicians and international experts and addresses the major economic, geopolitical and technological challenges of the new global era, with sessions dedicated to geopolitics, artificial intelligence, business competitiveness, energy, finance and the internationalization of the economy. Photo by Alejandro Martínez Vélez/Europa Press/ABACAPRESS.COM

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Former Prime Minister Jose María Aznar at 6th International Expansion Forum - Spain

Former Prime Minister José María Aznar during the first day of the VI Foro Internacional Expansión, at the Parador de Alcalá de Henares, on May 21, 2025, in Alcalá de Henares, Madrid (Spain). The forum, organized by the business daily, brings together business leaders, politicians and international experts and addresses the major economic, geopolitical and technological challenges of the new global era, with sessions dedicated to geopolitics, artificial intelligence, business competitiveness, energy, finance and the internationalization of the economy. Photo by Alejandro Martínez Vélez/Europa Press/ABACAPRESS.COM

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Former Prime Minister Jose María Aznar at 6th International Expansion Forum - Spain

Former Prime Minister José María Aznar during the first day of the VI Foro Internacional Expansión, at the Parador de Alcalá de Henares, on May 21, 2025, in Alcalá de Henares, Madrid (Spain). The forum, organized by the business daily, brings together business leaders, politicians and international experts and addresses the major economic, geopolitical and technological challenges of the new global era, with sessions dedicated to geopolitics, artificial intelligence, business competitiveness, energy, finance and the internationalization of the economy. Photo by Alejandro Martínez Vélez/Europa Press/ABACAPRESS.COM

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Former Prime Minister Jose María Aznar at 6th International Expansion Forum - Spain

Former Prime Minister José María Aznar and the mayor of Alcalá de Henares, Judith Piquet, on their arrival at the first day of the 6th International Expansion Forum, at the Parador de Alcalá de Henares, on May 21, 2025, in Alcalá de Henares, Madrid (Spain). The forum, organized by the business daily, brings together business leaders, politicians and international experts and addresses the major economic, geopolitical and technological challenges of the new global era, with sessions dedicated to geopolitics, artificial intelligence, business competitiveness, energy, finance and the internationalization of the economy. Photo by Alejandro Martínez Vélez/Europa Press/ABACAPRESS.COM

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Former Prime Minister Jose María Aznar at 6th International Expansion Forum - Spain

Former Prime Minister José María Aznar speaks during the first day of the VI Foro Internacional Expansión, at the Parador de Alcalá de Henares, on May 21, 2025, in Alcalá de Henares, Madrid (Spain). The forum, organized by the business daily, brings together business leaders, politicians and international experts and addresses the major economic, geopolitical and technological challenges of the new global era, with sessions dedicated to geopolitics, artificial intelligence, business competitiveness, energy, finance and the internationalization of the economy. Photo by Alejandro Martínez Vélez/Europa Press/ABACAPRESS.COM

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Nicolas Sarkozy trial for illegal campaign financing from Lybia - Paris

French writer and scholar of geopolitics Frederic Encel during after a testimony during Sarkozy trial with twelve other defendants on charges of corruption and illegal financing of an election campaign related to alleged Libyan funding of his successful 2007 presidential bid, at the courthouse in Paris, France, January 13, 2025. Photo by Raphael Lafargue/ABACAPRESS.COM

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Nicolas Sarkozy trial for illegal campaign financing from Lybia - Paris

French writer and scholar of geopolitics Frederic Encel during after a testimony during Sarkozy trial with twelve other defendants on charges of corruption and illegal financing of an election campaign related to alleged Libyan funding of his successful 2007 presidential bid, at the courthouse in Paris, France, January 13, 2025. Photo by Raphael Lafargue/ABACAPRESS.COM

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Nicolas Sarkozy trial for illegal campaign financing from Lybia - Paris

French writer and scholar of geopolitics Frederic Encel during after a testimony during Sarkozy trial with twelve other defendants on charges of corruption and illegal financing of an election campaign related to alleged Libyan funding of his successful 2007 presidential bid, at the courthouse in Paris, France, January 13, 2025. Photo by Raphael Lafargue/ABACAPRESS.COM

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Nicolas Sarkozy trial for illegal campaign financing from Lybia - Paris

French writer and scholar of geopolitics Frederic Encel during after a testimony during Sarkozy trial with twelve other defendants on charges of corruption and illegal financing of an election campaign related to alleged Libyan funding of his successful 2007 presidential bid, at the courthouse in Paris, France, January 13, 2025. Photo by Raphael Lafargue/ABACAPRESS.COM

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CERAWeek kicks off, focusing on global multidimensional energy transition

STORY: CERAWeek kicks off, focusing on global multidimensional energy transition SHOOTING TIME: March 18, 2024 DATELINE: March 19, 2024 LENGTH: 00:01:40 LOCATION: HOUSTON, the U.S. CATEGORY: ECONOMY/ENERGY SHOTLIST: 1. various of participants checking in 2. various of participants going to the conference floor STORYLINE: CERAWeek, known as a superbowl forum in the global energy industry, kicked off Monday in Houston of the U.S. state of Texas, with topics covering the entire energy spectrum but themed on multidimensional energy transition in four fields: markets, climate, technology and geopolitics. "The theme, multidimensional energy transition... reflects the recognition that the energy transition will be complex unfolding in different ways in different regions, with different time horizons, with different mixes of technologies, and with different priorities among governments, companies, and consumers," Daniel Yergin, vice chair of CERAWeek's organizer S&P Global, told attendees when announcing the f

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U.S.-TEXAS-HOUSTON-CERAWEEK

(240319) -- HOUSTON, March 19, 2024 (Xinhua) -- Patrick Pouyanne (R), CEO of TotalEnergies, speaks in Leadership Dialogue at CERAWeek in Houston, Texas, the United States, March 18, 2024. CERAWeek, known as a superbowl forum in the global energy industry, kicked off Monday in Houston of the U.S. state of Texas, with topics covering the entire energy spectrum but themed on multidimensional energy transition in four fields: markets, climate, technology and geopolitics. (Photo by Chen Chen/Xinhua)

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U.S.-TEXAS-HOUSTON-CERAWEEK

(240319) -- HOUSTON, March 19, 2024 (Xinhua) -- Exxon Mobil CEO Darren Woods (R) speaks in Leadership Dialogue at CERAWeek in Houston, Texas, the United States, March 18, 2024. CERAWeek, known as a superbowl forum in the global energy industry, kicked off Monday in Houston of the U.S. state of Texas, with topics covering the entire energy spectrum but themed on multidimensional energy transition in four fields: markets, climate, technology and geopolitics. (Photo by Chen Chen/Xinhua)

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U.S.-TEXAS-HOUSTON-CERAWEEK

(240319) -- HOUSTON, March 19, 2024 (Xinhua) -- Shell CEO Wael Sawan (R) speaks in Leadership Dialogue at CERAWeek in Houston, Texas, the United States, March 18, 2024. CERAWeek, known as a superbowl forum in the global energy industry, kicked off Monday in Houston of the U.S. state of Texas, with topics covering the entire energy spectrum but themed on multidimensional energy transition in four fields: markets, climate, technology and geopolitics. (Photo by Chen Chen/Xinhua)

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U.S.-TEXAS-HOUSTON-CERAWEEK

(240319) -- HOUSTON, March 19, 2024 (Xinhua) -- Aramco President and CEO Amin Nasser speaks in Leadership Dialogue at CERAWeek in Houston, Texas, the United States, March 18, 2024. CERAWeek, known as a superbowl forum in the global energy industry, kicked off Monday in Houston of the U.S. state of Texas, with topics covering the entire energy spectrum but themed on multidimensional energy transition in four fields: markets, climate, technology and geopolitics. (Photo by Chen Chen/Xinhua)

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U.S.-HOUSTON-CERAWEEK-ENERGY FORUM

(240318) -- HOUSTON, March 18, 2024 (Xinhua) -- Participants talk at the Innovation Agora of the CERAWeek in Houston, Texas, the United States, on March 18, 2024. CERAWeek, known as a superbowl forum in the global energy industry, kicked off Monday in Houston of the U.S. state of Texas, with topics covering the entire energy spectrum but themed on multidimensional energy transition in four fields: markets, climate, technology and geopolitics. (Photo by Chen Chen/Xinhua)

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U.S.-HOUSTON-CERAWEEK-ENERGY FORUM

(240318) -- HOUSTON, March 18, 2024 (Xinhua) -- Participants attend the Innovation Agora at the CERAWeek in Houston, Texas, the United States, on March 18, 2024. CERAWeek, known as a superbowl forum in the global energy industry, kicked off Monday in Houston of the U.S. state of Texas, with topics covering the entire energy spectrum but themed on multidimensional energy transition in four fields: markets, climate, technology and geopolitics. (Photo by Chen Chen/Xinhua)

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U.S.-HOUSTON-CERAWEEK-ENERGY FORUM

(240318) -- HOUSTON, March 18, 2024 (Xinhua) -- Daniel Yergin (L), vice chair of CERAWeek's organizer S&P Global, and Darren Woods, chairman and chief executive officer of ExxonMobil, attend a leadership dialogue at the CERAWeek in Houston, Texas, the United States, on March 18, 2024. CERAWeek, known as a superbowl forum in the global energy industry, kicked off Monday in Houston of the U.S. state of Texas, with topics covering the entire energy spectrum but themed on multidimensional energy transition in four fields: markets, climate, technology and geopolitics. (Photo by Chen Chen/Xinhua)

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U.S.-HOUSTON-CERAWEEK-ENERGY FORUM

(240318) -- HOUSTON, March 18, 2024 (Xinhua) -- Participants are seen at the Innovation Agora of the CERAWeek in Houston, Texas, the United States, on March 18, 2024. CERAWeek, known as a superbowl forum in the global energy industry, kicked off Monday in Houston of the U.S. state of Texas, with topics covering the entire energy spectrum but themed on multidimensional energy transition in four fields: markets, climate, technology and geopolitics. (Photo by Chen Chen/Xinhua)

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U.S.-HOUSTON-CERAWEEK-ENERGY FORUM

(240318) -- HOUSTON, March 18, 2024 (Xinhua) -- Participants attend the Innovation Agora at the CERAWeek in Houston, Texas, the United States, on March 18, 2024. CERAWeek, known as a superbowl forum in the global energy industry, kicked off Monday in Houston of the U.S. state of Texas, with topics covering the entire energy spectrum but themed on multidimensional energy transition in four fields: markets, climate, technology and geopolitics. (Photo by Chen Chen/Xinhua)

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U.S.-HOUSTON-CERAWEEK-ENERGY FORUM

(240318) -- HOUSTON, March 18, 2024 (Xinhua) -- Participants are seen at the Innovation Agora of the CERAWeek in Houston, Texas, the United States, on March 18, 2024. CERAWeek, known as a superbowl forum in the global energy industry, kicked off Monday in Houston of the U.S. state of Texas, with topics covering the entire energy spectrum but themed on multidimensional energy transition in four fields: markets, climate, technology and geopolitics. (Photo by Chen Chen/Xinhua)

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U.S.-HOUSTON-CERAWEEK-ENERGY FORUM

(240318) -- HOUSTON, March 18, 2024 (Xinhua) -- Daniel Yergin, vice chair of CERAWeek's organizer S&P Global, speaks at the CERAWeek in Houston, Texas, the United States, on March 18, 2024. CERAWeek, known as a superbowl forum in the global energy industry, kicked off Monday in Houston of the U.S. state of Texas, with topics covering the entire energy spectrum but themed on multidimensional energy transition in four fields: markets, climate, technology and geopolitics. (Photo by Chen Chen/Xinhua)

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Tunisia's former FM lauds China-proposed BRI

STORY: Tunisia's former FM lauds China-proposed BRI SHOOTING TIME: Earlier footage DATELINE: Dec. 26, 2023 LENGTH: 0:00:54 LOCATION: Tunis CATEGORY: POLITICS/ECONOMY SHOTLIST: 1. various of meeting 2. various of speech by Tunisian Foreign Minister 3. various of meeting STORYLINE: Former Tunisian Foreign Minister Khemaies Jhinaoui has praised the China-proposed Belt and Road Initiative (BRI) for its positive impact on geopolitics and the global economy over the past decade. Jhinaoui made the remarks at a seminar early last month, which was co-hosted by the Tunisian Council for International Relations and the Chinese Embassy in Tunisia to discuss the initiative's achievements in the last 10 years. "The BRI is very significant and attractive to countries around the world. The participation of representatives from more than 150 countries in the third Belt and Road Forum for International Cooperation recently is proof of that," said Jhinaoui, also the chairman of the council. Jhinaoui said he was "honored" t

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Experts applaud African Union's membership in G20

STORY: Experts applaud African Union's membership in G20 DATELINE: Sept. 11, 2023 LENGTH: 00:01:30 LOCATION: New Delhi CATEGORY: POLITICS SHOTLIST: 1. STANDUP (English): ZHANG YICHI, Xinhua correspondent 2. various of G20 summit 3. various of India 3. SOUNDBITE 1 (English): AKHILESH SUMAN, Senior Indian journalist and geopolitics expert 4. SOUNDBITE 2 (English): SHAKEEL AHMAD RAMAY, CEO of Asian Institute of Eco-civilization Research & Development, Pakistan STORYLINE: STANDUP (English): ZHANG YICHI, Xinhua correspondent "By including the African Union as a full member, the Group of 20 has taken a historical step forward in improving global governance and revitalizing international economic cooperation. The expansion is an effort to give a greater voice and more representation to developing countries." The agreement was reached at the inaugural session of the two-day G20 summit held in the Indian capital of New Delhi during the weekend. Created in 1999, the G20 is a main platform for international cooper

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G20 amplifies Global South voice, with more cooperation, development opportunities

STORY: G20 amplifies Global South voice, with more cooperation, development opportunities DATELINE: Sept. 10, 2023 LENGTH: 00:02:24 LOCATION: New Delhi CATEGORY: POLITICS SHOTLIST: 1. various of G20 summit held in New Delhi 2. SOUNDBITE 1 (English): STEVE PATRICK LALANDE, Director of the partnerships management and resource mobilization directorate of the AU Commission 3. SOUNDBITE 2 (English): ALBERT MUCHANGA, AU commissioner for economic development, trade, tourism, Industry and minerals 4. SOUNDBITE 3 (Chinese): WIRUN PHICHAIWONGPHAKDEE, Director of the Thailand-China Research Center of the Belt and Road Initiative 5. SOUNDBITE 4 (English): MATHAPELO MONAISA, South African journalist 6. SOUNDBITE 5 (English): AKHILESH SUMAN, Senior Indian journalist and geopolitics expert 7. SOUNDBITE 6 (English): SHAKEEL AHMAD RAMAY, CEO of Asian Institute of Eco-civilization Research & Development, Pakistan STORYLINE: The Group of 20 (G20) members agreed Saturday to accept the African Union (AU) as a new member in an

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Addressing global supply chain concerns at BFA: Oliver Wyman partner

STORY: Addressing global supply chain concerns at BFA: Oliver Wyman partner DATELINE: March 27, 2023 LENGTH: 00:01:02 LOCATION: HAIKOU, China CATEGORY: ECONOMY SHOTLIST: 1. SOUNDBITE (English): BEN SIMPFENDORFER, Partner at Oliver Wyman 2. various of BFA conference venue STORYLINE: The Boao Forum for Asia (BFA) will hold its annual conference from Tuesday to Friday in Boao, a coastal town in China's island province of Hainan. Ben Simpfendorfer, a partner at consultancy Oliver Wyman, noted that industrial and supply chains are among the most focused issues in the current global economy, and the company will discuss how the international community should strengthen coordination and jointly maintain supply chain stability. SOUNDBITE (English): BEN SIMPFENDORFER, Partner at Oliver Wyman "The global supply chain is of particular concern. Companies are looking to build resiliency in the face of deglobalization, geopolitics, (and) energy shocks. So the opportunity to be able to talk about the impact of these sh

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EU-China relations should give priority to economy: former Portuguese FM

STORY: EU-China relations should give priority to economy: former Portuguese FM DATELINE: Aug. 21, 2022 LENGTH: 00:01:11 LOCATION: Lisbon CATEGORY: POLITICS/ECONOMY SHOTLIST: 1. various of the interview 2. various of China-Europe freight trains 3. SOUNDBITE 1 (English): ANTONIO MARTINS DA CRUZ, Former Portuguese FM 4. various of China-Europe freight trains 5. SOUNDBITE 2 (English): ANTONIO MARTINS DA CRUZ, Former Portuguese FM STORYLINE: Former Portuguese Foreign Minister Antonio Martins da Cruz has said that European countries should put the economy before geopolitics in their foreign policies with China, noting that China is a major world player that is very important for the future of the world. SOUNDBITE 1 (English): ANTONIO MARTINS DA CRUZ, Former Portuguese FM "Economics before geopolitics, (because) economy is very important for China is very important for Europe. Let's do things like we have done before. Let's be very clear. We need China to design the world of tomorrow. China is a very important

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Spanish expert questions NATO expansion

STORY: Spanish expert questions NATO expansion DATELINE: June 30, 2022 LENGTH: 00:01:37 LOCATION: BARCELONA, Spain CATEGORY: POLITICS SHOTLIST: 1. SOUNDBITE (English): MIKE ROSENBERG, Spanish-based expert in global geopolitics and strategy STORYLINE: "Now, NATO will insist that they are a defensive alliance, therefore why should Russia ever fear an invasion from the West? However, from a Russian perspective, this is provocation." said Mike Rosenberg, a Spanish-based expert in global geopolitics and strategy in a recent interview with Xinhua. Rosenberg made the remarks while commenting on the ongoing North Atlantic Treaty Organization (NATO) summit in Madrid. SOUNDBITE (English): MIKE ROSENBERG, Spanish-based expert in global geopolitics and strategy "Now, NATO will insist that they are a defensive alliance, therefore why should Russia ever fear an invasion from the West? However, from a Russian perspective, this is provocation. That is not to say it justifies an invasion, but that a Russian reaction to t

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NATO expansion won't make Europe or world safer: Croatian analyst

STORY: NATO expansion won't make Europe or world safer: Croatian analyst DATELINE: June 28, 2022 LENGTH: 00:01:27 LOCATION: Zagreb CATEGORY: POLITICS SHOTLIST: 1. various of NATO headquarters 2. SOUNDBITE 1 (English): ZARKO PUHOVSKI, Croatian political analyst 3. various of military forces 4. SOUNDBITE 2 (English): ZARKO PUHOVSKI, Croatian political analyst STORYLINE: The eastward expansion of the North Atlantic Treaty Organization (NATO) will not make Europe or the world safer, Croatian political analyst Zarko Puhovski told Xinhua in a recent interview. SOUNDBITE 1 (English): ZARKO PUHOVSKI, Croatian political analyst "I don't think that Europe is going to be safer. I don't think, to be very honest, that there is a reason for NATO to exist in terms of safety. The essence is now geopolitics and geostrategy. And then we know from very old philosophical and geostrategic point of view, the essence of power is expansion. The power tends to expand almost in physical terms and therefore NATO is now trying to sh

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World leaders at Davos impressed by China's economic resilience

STORY: World leaders at Davos impressed by China's economic resilience DATELINE: May 28, 2022 LENGTH: 00:02:04 LOCATION: DAVOS, Switzerland CATEGORY: ECONOMY SHOTLIST: 1. STANDUP (English): FU YIMING, Xinhua correspondent 2. SOUNDBITE 1 (English): BORGE BRENDE, World Economic Forum President 3. SOUNDBITE 2 (English): DAVID RUBENSTEIN, Co-Founder and non-executive Co-Chairman of the Board, Carlyle Group 4. SOUNDBITE 3 (English): JEREMY JURGENS, Managing director, World Economic Forum STORYLINE: STANDUP (English): FU YIMING, Xinhua correspondent "Under the theme 'History at a Turning Point: Government Policies and Business Strategies,' global leaders from business, government and civil society brainstormed and proposed possible solutions to tackle global challenges at the annual meeting 2022 of the World Economic Forum here at Davos, Switzerland. A number of government officials, economists attending the annual meeting of the forum warned that due to factors such as geopolitics and the COVID-19 pandemic, glo

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World Economic Forum warns of risk of global economic recession

STORY: World Economic Forum warns of risk of global economic recession DATELINE: May 26, 2022 LENGTH: 00:02:05 LOCATION: DAVOS, Switzerland CATEGORY: ECONOMY SHOTLIST: 1. various of street views, World Economic Forum events and participants 2. STANDUP (English): FU YIMING, Xinhua correspondent 3. SOUNDBITE (English): BORGE BRENDE, World Economic Forum President STORYLINE: STANDUP (English): FU YIMING, Xinhua correspondent "A number of government officials and economists attending the annual meeting of the World Economic Forum warned that due to factors such as geopolitics and the COVID-19 pandemic, global economic activities are expected to decrease this year, inflation to rise, real wages to decline, and food insecurity is expected to increase. Experts say, the pandemic and the Russia-Ukraine conflict would have a profound impact on the world economy and may wipe out the gains of the past years. They predict that the world economy faces the risk of recession, especially the economic performance of the Eu

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OPINION: August 15 and geopolitics of grammar

Photo shows Kent E. Calder, director of the Reischauer Center for East Asian Studies at SAIS/Johns Hopkins University in Washington. (Kyodo) ==Kyodo

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Bernhard Maier

Car maker Skoda Auto invested more than EUR500m (some Kc12.8bn) in its Czech plants in 2018, and it will invest EUR2bn (some Kc51.2bn) in electromobility and new mobility solutions in the next four years, the company said at its annual press conference today, on Wednesday, March 20, 2019. The company's business results were affected by large investments in new technology - electromobility and digitisation, higher personnel costs and unfavourable exchange rates, board chairman Bernhard Maier said. Other reasons included new emission standard WLTP, and geopolitics, chiefly the US-Chinese trade dispute and Brexit. (CTK Photo/Radek Petrasek)

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Bohdan Wojnar, Bernhard Maier, Klaus-Dieter Schurmann

Car maker Skoda Auto invested more than EUR500m (some Kc12.8bn) in its Czech plants in 2018, and it will invest EUR2bn (some Kc51.2bn) in electromobility and new mobility solutions in the next four years, the company said at its annual press conference today, on Wednesday, March 20, 2019. The company's business results were affected by large investments in new technology - electromobility and digitisation, higher personnel costs and unfavourable exchange rates, board chairman Bernhard Maier (centre) said. Other reasons included new emission standard WLTP, and geopolitics, chiefly the US-Chinese trade dispute and Brexit. Board members Klaus-Dieter Schurmann (left) and Bohdan Wojnar (right). (CTK Photo/Radek Petrasek)

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Bernhard Maier

Car maker Skoda Auto invested more than EUR500m (some Kc12.8bn) in its Czech plants in 2018, and it will invest EUR2bn (some Kc51.2bn) in electromobility and new mobility solutions in the next four years, the company said at its annual press conference today, on Wednesday, March 20, 2019. The company's business results were affected by large investments in new technology - electromobility and digitisation, higher personnel costs and unfavourable exchange rates, board chairman Bernhard Maier said. Other reasons included new emission standard WLTP, and geopolitics, chiefly the US-Chinese trade dispute and Brexit. (CTK Photo/Radek Petrasek)

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Bernhard Maier

Car maker Skoda Auto invested more than EUR500m (some Kc12.8bn) in its Czech plants in 2018, and it will invest EUR2bn (some Kc51.2bn) in electromobility and new mobility solutions in the next four years, the company said at its annual press conference today, on Wednesday, March 20, 2019. The company's business results were affected by large investments in new technology - electromobility and digitisation, higher personnel costs and unfavourable exchange rates, board chairman Bernhard Maier said. Other reasons included new emission standard WLTP, and geopolitics, chiefly the US-Chinese trade dispute and Brexit. (CTK Photo/Radek Petrasek)

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Bernhard Maier

Car maker Skoda Auto invested more than EUR500m (some Kc12.8bn) in its Czech plants in 2018, and it will invest EUR2bn (some Kc51.2bn) in electromobility and new mobility solutions in the next four years, the company said at its annual press conference today, on Wednesday, March 20, 2019. The company's business results were affected by large investments in new technology - electromobility and digitisation, higher personnel costs and unfavourable exchange rates, board chairman Bernhard Maier said. Other reasons included new emission standard WLTP, and geopolitics, chiefly the US-Chinese trade dispute and Brexit. (CTK Photo/Radek Petrasek)

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Bohdan Wojnar, Bernhard Maier, Klaus-Dieter Schurmann

Car maker Skoda Auto invested more than EUR500m (some Kc12.8bn) in its Czech plants in 2018, and it will invest EUR2bn (some Kc51.2bn) in electromobility and new mobility solutions in the next four years, the company said at its annual press conference today, on Wednesday, March 20, 2019. The company's business results were affected by large investments in new technology - electromobility and digitisation, higher personnel costs and unfavourable exchange rates, board chairman Bernhard Maier (centre) said. Other reasons included new emission standard WLTP, and geopolitics, chiefly the US-Chinese trade dispute and Brexit. Board members Klaus-Dieter Schurmann (left) and Bohdan Wojnar (right). (CTK Photo/Radek Petrasek)

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Bernhard Maier

Car maker Skoda Auto invested more than EUR500m (some Kc12.8bn) in its Czech plants in 2018, and it will invest EUR2bn (some Kc51.2bn) in electromobility and new mobility solutions in the next four years, the company said at its annual press conference today, on Wednesday, March 20, 2019. The company's business results were affected by large investments in new technology - electromobility and digitisation, higher personnel costs and unfavourable exchange rates, board chairman Bernhard Maier said. Other reasons included new emission standard WLTP, and geopolitics, chiefly the US-Chinese trade dispute and Brexit. (CTK Photo/Radek Petrasek)

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Bernhard Maier

Car maker Skoda Auto invested more than EUR500m (some Kc12.8bn) in its Czech plants in 2018, and it will invest EUR2bn (some Kc51.2bn) in electromobility and new mobility solutions in the next four years, the company said at its annual press conference today, on Wednesday, March 20, 2019. The company's business results were affected by large investments in new technology - electromobility and digitisation, higher personnel costs and unfavourable exchange rates, board chairman Bernhard Maier said. Other reasons included new emission standard WLTP, and geopolitics, chiefly the US-Chinese trade dispute and Brexit. (CTK Photo/Radek Petrasek)

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Bernhard Maier, Klaus-Dieter Schurmann

Car maker Skoda Auto invested more than EUR500m (some Kc12.8bn) in its Czech plants in 2018, and it will invest EUR2bn (some Kc51.2bn) in electromobility and new mobility solutions in the next four years, the company said at its annual press conference today, on Wednesday, March 20, 2019. The company's business results were affected by large investments in new technology - electromobility and digitisation, higher personnel costs and unfavourable exchange rates, board chairman Bernhard Maier (right) said. Other reasons included new emission standard WLTP, and geopolitics, chiefly the US-Chinese trade dispute and Brexit. Board member Klaus-Dieter Schurmann (left). (CTK Photo/Radek Petrasek)

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Bernhard Maier

Car maker Skoda Auto invested more than EUR500m (some Kc12.8bn) in its Czech plants in 2018, and it will invest EUR2bn (some Kc51.2bn) in electromobility and new mobility solutions in the next four years, the company said at its annual press conference today, on Wednesday, March 20, 2019. The company's business results were affected by large investments in new technology - electromobility and digitisation, higher personnel costs and unfavourable exchange rates, board chairman Bernhard Maier said. Other reasons included new emission standard WLTP, and geopolitics, chiefly the US-Chinese trade dispute and Brexit. (CTK Photo/Radek Petrasek)

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Bernhard Maier

Car maker Skoda Auto invested more than EUR500m (some Kc12.8bn) in its Czech plants in 2018, and it will invest EUR2bn (some Kc51.2bn) in electromobility and new mobility solutions in the next four years, the company said at its annual press conference today, on Wednesday, March 20, 2019. The company's business results were affected by large investments in new technology - electromobility and digitisation, higher personnel costs and unfavourable exchange rates, board chairman Bernhard Maier said. Other reasons included new emission standard WLTP, and geopolitics, chiefly the US-Chinese trade dispute and Brexit. (CTK Photo/Radek Petrasek)