Are you sure?

CzechInvest attracts record project volume

The Czech government agency for the support of business and investment CzechInvest was an inter-mediator for a record 182 investment projects in 2007.

For the first time ever, Czech companies were the most active investors last year, having promised investments worth 15 billion koruna ($840 million) within 55 projects, said Alexandra Rudysarova, in charge of CzechInvest management. German investors came second with 27 projects worth 11.5 billion koruna ($644 million). However, the overall volume of last year’s investments was lower compared with 2006 when CzechInvest participated in 176 projects worth 114.6 billion koruna ($6.41 billion). The reason is that among the projects was the new plant of Korean car maker Hyundai with construction costs planned at roughly 30 billion koruna ($1.68 billion), Rudysarova said. (praguemonitor)