Czechia made net profit: Ukrainians brought millions of euros into economy
Photo: Czech PM Petr Fiala (Office of the President of Ukraine)
Czechia has received hundreds of millions of euros thanks to its military assistance to Ukraine and its decision to host Ukrainian refugees. The costs of support and accommodation are lower than the revenue generated as a result, according to a statement by Czech Prime Minister Petr Fiala.
According to Fiala, in total, Czechia spent 91.3 billion Czech crowns (approximately 3.72 billion euros) on hosting Ukrainians and providing military assistance to Ukraine. In return, Czechia received 104 billion Czech crowns (around 4.3 billion euros). Thus, the difference amounted to 12.7 billion crowns (approximately 525.5 million euros).
"The Czech state is certainly not losing by helping Ukraine, quite the opposite. Of course, this is not the most important aspect of the matter. We must not ignore the issue of justice, the just struggle of Ukrainians, security considerations, and everything else, but the numbers speak very clearly," said the outgoing prime minister.
Fiala added that since 2022, more than 260 billion crowns (10.76 billion euros) have circulated through the Czech economy thanks to Ukraine, Ukrainians, and international partners. By the end of September 2025, Czechia will have supplied Ukraine with 3.7 million units of artillery ammunition, including 1.3 million this year. Another 1.8 million shells are planned for delivery.
At the same time, Czechia itself spent only 1.7 billion crowns on procurement, while partners contributed 93.3 billion. In this context, the prime minister thanked everyone who has supported Ukraine since the start of Russia’s full-scale invasion.
On 6 November, the pro-Ukrainian government of Czech Prime Minister Petr Fiala submitted its resignation after losing the elections to the lower house of parliament, the Chamber of Deputies. The winner was the ANO party led by former prime minister Andrej Babiš.
After that, Czech President Petr Pavel tasked Babiš with forming a government. He has already signed a coalition agreement with Eurosceptic parties, which could significantly alter the country’s position toward the EU and Ukraine.
Babiš has, in particular, voiced intentions to reduce aid to Ukraine and dismantle the economically beneficial "ammunition initiative" that provides Kyiv with artillery shells.
