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NORDIC NEWS 2019 AN ANNUAL REVIEW FROM THE NORDIC CHAMBER OF COMMERCE IN THE CZECH REPUBLIC Skanska: Leading our 5 sector in sustainability Eventful 100 years 12 of Czech SKF Czech Economy Facts 19 In Brief PARVI Cibulka – Finnish home with sense and sensibility. Are you looking for a place where you can enjoy the city Luxury. City. and have nature right behind your window at the same time? The PARVI Cibulka project from Finnish developer Nature. Home. YIT is the right choice for you! Merged in a single project by YIT. You'll find exceptional comfort and perfect harmony between city and nature in this unique project developed by YIT. PARVI Cibulka ... your new home in Prague. 3 EDITORIAL PARVI Cibulka – Finnish home LETTER FROM THE PRESIDENT with sense and sensibility. News from NORCHAM in the Czech community across the globe has always Republic lived up to society’s most cherished values, such as trust, honesty and The Czech Economy is currently booming, loyalty. Nordic companies are perceived Are you looking for a place where you can enjoy the city however, a storm is brewing in the distance. as being innovative and results-driven, Luxury. City. and have nature right behind your window at the same No one knows for certain what the ultimate while also proving to be some of the most consequences of Brexit will be, or the new progressive businesses in the world in time? The PARVI Cibulka project from Finnish developer US-Chinese trade agreements, or when terms of CSR. Employee welfare, the YIT is the right choice for you! the housing bubble will burst, thrusting the work environment, sustainability and the Nature. Home. Western world once again into the next environment, diversity, transparency, etc. economic recession. are at the top of the agenda in all Nordic At the same time, with human resources boardrooms. at the forefront, companies and managers In 2018, NORCHAM organized two You'll find exceptional comfort and perfect harmony between city Merged in a single project by YIT. across the board have been raising their CSR working groups: “Diversity - and nature in this unique project developed by YIT. concerns about a lack of hands, and that Employing people with disabilities”; PARVI Cibulka ... your new home in Prague. the available workers are underqualified Diversity – Integration of 55+”; and the and overpaid. Property prices, construction ongoing “Mentoring program” in which costs and utility prices are going through 12 NORCHAM senior managers are the roof, while labor-intensive services currently mentoring 12 mentees from and other costs are also increasing at other membership companies. an alarming rate – needless to say an In terms of events, NORCHAM economic recession would surely take also organized approx. 35 events, care of that! In the meantime, inflationary both large and small. Apart from the the voice of Nordic companies, we need tendencies seem inevitable and Czech usual business mixers and breakfast successful and widely publicized activities companies are facing the challenge of meetings, also noteworthy are the newly in order to ensure that our voice is heard keeping their costs down and remaining introduced “Power Lunches with political loud and clear. competitive. stakeholders”; “Vinterblot”- Nordic F&B Of course, we at NORCHAM can come In the digital age, everything happens so feast in the fall; “Around world with 11 up with enticing and exceptional events fast, with winners and losers rising and foreign Chambers” (a Nordic initiative for you; however, in order to realize falling at break-neck speed. In order to be in 2008); “The Nordic State of Mind / these events, we need an increased a winner, it is crucial for companies and Hilariously boring” stand-up comedy commitment from our member companies, managers to continually be at the top of night; and our annual golf tournament to both in terms of participation and financial the information food-chain. mention just a few. support. As the old English proverb goes: Given my background in the event catering “You can lead a horse to water, but can’t Where does NORCHAM fit into modern and restaurant industry, my vision for make him drink”, which is why we must all times? NORCHAM in 2019 is clear: NORCHAM work together in 2019 to make it our most NORCHAM offers a unique business should not only be perceived to have a fruitful year yet! community which is strongly rooted in “human touch”, but we should also strive Nordic values – being Scandinavian or to be the most progressive Chamber Nordic has never been as “fashionable” of Commerce with an impressive array Yours sincerely, as it is right now! The Nordic business of activities to match. As NORCHAM is Nils Jebens 4 INVESTMENT NEWS URBAN POWER TO EXTEND DANISH COAST WITH TECH HUB ON NINE ARTIFICIAL ISLANDS rban Power has unveiled sectors. Urban Power has deemed it “the The islands will be constructed using 26 its plans for nine artifi- largest and most ambitious land reclama- million cubic metres of surplus soil from cial islands, named Hol- tion in Scandinavia”. the construction of the region’s subway mene, which will be a “Holmene addresses several needs in and various other building projects. Ap- sustainable tech hub off the area. There is a growing demand for proximately 2.3 million square metres of the coast of Hvidovre, sites for knowledge intensive industry, the islands will be dedicated to industrial Copenhagen. Designed fossil-free energy production, as well as a areas, and the remaining land will be de- for the Danish Government, Holmene will flood barrier to secure both existing and veloped into natural landscapes for sports Uextend the largest industrial area in Den- future areas,” explained the Copenha- and recreation, including 11 miles of cycle mark, Avedøre Holme, and span three mil- gen-based studio. “Furthermore it adds an routes. Urban Power has also incorporat- lion square metres. It is expected to create enormous accessible public natural area ed a series of flood barriers around the 380 new businesses and 12,000 jobs in for sports, recreation and improved biodi- islands to combat the threat of rising sea biotech, pharmaceutical and life science versity.” levels, and a number of small islets and reefs that will encourage nature and wild- life to inhabit the islands. The architecture studio hopes Holmene will become “Denmark’s green growth engine” and support the growth of the green technology industry. Holmene will run entirely from clean energy produc- tion, including five six-megawatt wind tur- bines, and also produce enough to cov- er 10 percent of greater Copenhagen’s total electricity consumption – reducing the region’s carbon emissions by 70,000 tonnes annually as a result. It will also host the “biggest waste-to-energy plant in northern Europe”, where the bio and waste water of approximately 1.5 million people will be transformed into clean wa- ter and biogas. Due to start construction in 2022, Urban Power hopes Holmene’s first island will be habitable within six years, before the to- tal completion of the project in 2040. Two other recent proposals for artificial land- scapes in Europe include a man-made island in the North Sea designed to help Europe meet renewable energy targets, and Sponge Mountain – a 90-metre-high mound of soil that would absorb carbon dioxide from the air in Turin. DHL EXPRESS INVESTS LOW SULPHUR FUEL FOR ICELANDIC FLEET IN NEW HUB IN DENMARK Icelandic fuel supplier N1 is working to reduce the sulphur DHL Express will build a new logistics hub in Denmark, that will content of fuel supplied to commercial vessels and will no arise at Copenhagen Airport. If the hub becomes operational, longer be supplying Marine Diesel Oil (MDO) as of 1st January which is planned to happen in 2023, the logistics services 2019. ‘In recent years N1 has been focusing increasingly provider will be able to handle nearly 37,000 packages per hour, on environmental concerns and as part of the company’s 24 hours a day. In the accompanied press release, DHL Express responsibilities to the community we have searched out ways to talks about a state-of-the-art hub and the largest investment it be greener and better for the environment,’ said the company’s ever made in Denmark or any of the other Nordic countries. managing director Hinrik Örn Bjarnason. MDO has been used The hub is said to significantly improve the speed and quality to power larger fishing vessels that are not using heavy fuel, of DHL Express’ activities in Northern Europe. According to Atli but MDO has a sulphur content of up to 0.25%. The company Einarsson, Managing Director of DHL Express in Denmark, henceforth will supply fuel with a sulphur content not exceeding the company is expecting strong growth in their cross-border 0.1%. Currently sulphur levels up to 3.50% are acceptable, but online trade. “We are also preparing for our customers’ growth, this will be reduced to a 0.50% limit in 2020. including manufacturing companies within the pharmaceutical and fashion industries.” 5 INVESTMENT NEWS SKANSKA: LEADING OUR SECTOR IN SUSTAINABILITY kanska received the top Development to achieve our purpose of Swedish construction and civil engineer- sustainability ranking in building for a better society. For example, ing sector to guide the industry to achiev- the Capital Goods cate- within the environmental aspect of sus- ing climate neutrality by 2045 while im- gory in the Sustainable tainability, Green projects, as defined by proving competitiveness. This road map Companies 2018 sur- the Skanska Color Palette™, accounted has been endorsed by some 70 organiza- vey, which evaluated for 43.4 percent of construction revenue tions, spanning the entire value chain.

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