Japanese companies to invest in Moravia

Three more Japanese companies will set-up shop in Moravia, the eastern region of the Czech Republic. The announcement was made on Monday by CzechInvest, an agency which coordinates investment in the Czech Republic. A spokesman for CzechInvest said that the Japanese companies figure in the automobile and electronics spheres, but the names of the companies involved and their intended locations in the Czech Republic have not yet been revealed.