Forestry and wood sector and profitability development in the wood-processing industry of the Czech Republic

Abstract

Economic viability of sustainable forest management has been included in particular forestry strategic documents since 2003. In these documents, it is stated, among other things, that economic viability is a key pillar of sustainable forest management and is of conclusive significance in preserving forests and their multiple benefits for the society. At the same time - the economic viability of sustainable forest management depends essentially on wood-producing functions of forestry. The paper aims at an identification of this key concept and at a situation analysis of economic viability under current conditions of the forestry and wood sector in the Czech Republic with a special focus on the wood-processing industry as part of the forestry and wood sector using a financial analysis.