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Why consider the Czech Republic?

  1. ESTABLISHED ECONOMIC TRANSITION. The first post-communist state to join the OECD back in November 1995, the Czech Republic and has started formal accession negotiations with the intention of becoming a full member of the European Union.
  2. DEVELOPING GOVERNMENT INVESTMENT SUPPORT POLICY. The Czech Republic introduced a 6-point package of investment incentives for incoming foreign investors in May 1998 including tax credits and training grants.
  3. RAPID INTEGRATION INTO THE GLOBAL BUSINESS ENVIRONMENT. Now fully open to global business trends, nearly two-thirds of Czech trade is with the countries of the EU. Foreign manufacturers now produce over half of all Czech manufacturing exports.
  4. STRONG INTERNATIONAL INWARD INVESTMENT RECORD. The Czech Republic has attracted over US$ 6.8 billion in foreign direct investment in the period 1990-1997.
  5. SKILLED LABOUR AND "ON COSTS" BENEFITS. Czech wages and on-costs are a fraction of western European levels. Many foreign manufacturers have successfully implemented flexible working practices including continuous production. Nearly half of FDI manufacturers work a three-shift weekday work pattern.
  6. PROVEN PRODUCTIVITY GROWTH POTENTIAL. Foreign-owned firms have a markedly higher than average productivity growth record that more than compensates for the higher wages offered compared to Czech-owned firms.
  7. STRONG QUALITY LEVELS. Czech workers and managers are adept at reaching high international quality levels including ISO and other internationally-recognised QC certificates.
  8. GOOD R&D CAPABILITIES. Many foreign firms are developing their Czech R&D facilities including leading edge industries like electronics and applied sectors such as the automotive industry.
  9. ESTABLISHED INFRASTRUCTURE & SUPPLY BASE. Czech firms, many now under foreign ownership, can supply the full range of industrial components.
  10. REGIONAL POSITION AND STRATEGIC HUB STATUS. The Czech Republic offers excellent accessibility to nearly 500 million customers in the growing markets of central & eastern Europe and the European Union.


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