Companies in the timber industry / Daily News / Global Trends / Market Analysis / Wood Industry Prices / Forestry / Lumber / Price analysis and info / Sawmilling / Statistics / Wood Products / Europe / Global
May 18, 2021
Czech Republic: Record logging due to bark beetles; state subsidies compensate low wood prices
Last year, the Czech state-owned company Lesy České republiky (LČR) ended up with a profit of 44 million crowns (EUR 1.73 million) after a loss of 790 million crowns (EUR 31 million) the year before. Money from the state to compensate for the reduction in wood prices due to the bark beetle calamity in the amount of 2.3 billion crowns (EUR 90 million) helped the state company to end last year in plus. Eva Jouklová, a company spokeswoman, told the Czech media on Friday. Originally, the company anticipated that it would suffer ...
Register for unlimited access
We work hard to bring you the latest news in the world of international wood industry. The article you are currently reading is available only to registered users.
By registering you gain access to:
- Thousands of quality articles
- In-depth analyses of market trends
- Exclusive market price insights
- And much more!