CzechInvest helps set up new investments worth 25 billion crowns

A spokeswoman has revealed that the government agency CzechInvest mediated 70 new domestic and foreign investment projects in the first half of 2005 worth almost 25 billion crowns, or the equivalent of almost 1 billion dollars US. The investments are expected to create up to 8,000 new jobs in coming years. CzechInvest says the number of projects is ten higher than a year ago although the volume of investments has remained the same. Roughly a third of investors are heading for northern Bohemia, a region with the highest unemployment in the Czech Republic. The major investors include Germany, the US, the Czech Republic, and Great Britain. Major areas for investments are the auto industry, electronics, engineering, and chemicals and plastics.

Author: Jan Velinger