Record logging due to bark beetles in the Czech Republic; 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 ...
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