Electrical engineering Czech Republic's biggest industry

Electrical engineering has become the Czech Republic's biggest industrial sector, having more than doubled since the year 2000, and having posted a turnover of 436 billion crowns (19 billion US dollars) last year, the economic daily Hospodarske noviny writes. The steel and metal industry in the second place generated a turnover of 400 billion crowns and engineering, the third largest sector, 374 billion crowns last year. Behind the fast growth of Czech electrical engineering is modernisation of companies already integrated into the EU supply system and the launch of new large plants built by foreign investors at the turn of the millennium.