Foreign investment up in Czech Republic last year by 50%

Direct foreign investment in the Czech Republic rose in 2007 by 50 percent to 185.3 billion crowns (9.2 billion USD), the Czech Statistical Office said on Tuesday. According to the office, foreign investment accounts for a much higher than average share of GDP in the Czech Republic. Around 55 percent of this country’s gross domestic product is made up of foreign investment, as opposed to 31 percent in Poland and 20 percent in Slovenia. Of the EU’s newer member states, Estonia tops the list of those most dependent upon foreign investment, with 77 percent of all GDP generated by outside investment.