CzechInvest, which among other things focuses on attracting major foreign investment in the area of advanced technologies to Czechia, arranged a total of 28 investment projects worth nearly CZK 60 billion in 20024. These investments will lead to the creation of more than 3,400 new jobs. The roughly three-fold growth in the number of projects and investment volume indicates a recovery of investment activities.
“Last year, we registered foreign companies’ rising interest in investing in Czechia and the overall recovery of investment activities, which I am very pleased with. Investors are attracted primarily by our location in the centre Europe, high-quality workforce and well-developed business infrastructure. In connection with the fulfilment of our Economic Strategy: Czechia to the Top 10, implementation of programmes aimed at supporting investments and the National Semiconductor Strategy, we anticipate that companies’ interest in investing in advanced technologies, clean mobility and the semiconductor industry will grow in the future,” said Lukáš Vlček, Minister of Industry and Trade.
More than seventy percent of the investments arranged by CzechInvest last year comprise expansions. Outside of the manufacturing industry, two cases involved the establishment of technology centres and two investments were focused on the area of software development. The largest number of investments were pledged by firms with parent companies in Germany and the United States, which are historically among the most significant sources of foreign direct investments. The share of investments undertaken by Czech companies is of similar significance. The most popular destination among investors last year was the said Ústí Region with seven announced projects.
“Czechia remains an attractive country for foreign investors, but in order for us to hold onto that position, we have to do significantly better in the preparation of industrial parks, simplify the permit process and improve investors’ access to electricity. In the current international environment, investment incentives also play an important role. At present, we must further enhance cooperation with key investors from advanced countries, build trust and preparedness, and work on the attractiveness of Czechia’s investment environment so that we can not only attract more strategic investments, but also further develop our cooperation with companies that are already operating here,” adds Jan Michal, CEO of CzechInvest, which last year received investment-incentive applications from 23 companies, which represents significant growth in comparison with 2023.
In 2024, CzechInvest implemented a full range of activities to attract new investors and to support the investment environment in Czechia. The first edition of the Czech Investment Forum, with the subtitle Invest in People, was held at the end of May last year in cooperation with the Organisation for Economic Cooperation and Development (OECD), which presented research on the impact of foreign investments on productivity and innovation among small and medium-sized enterprises in Czechia. In addition to that, CzechInvest organised 54 marketing events to support the inflow of foreign direct investments and 13 incoming missions of investors to Czechia. Another significant activity was the provision of support for business missions abroad.
Last year also saw the expansion of CzechInvest’s foreign network, when the agency’s seven existing foreign offices were joined by a new office in Taiwan. CzechInvest supports investments in strategic sectors with the aim of strengthening competitiveness, fostering sustainable development and increasing the innovation potential of the Czech economy. The agency focuses on the semiconductor industry, clean mobility, the circular economy and technologies for renewable energy sources, artificial intelligence and advanced materials and technologies. This focus is in line with the priorities defined in the new Economic Strategy of the Czech Republic, which was introduced in October 2024.
This year, CzechInvest is planning to organise a Czech Semicon Days event and, in connection with that, the second edition of the Czech Investment Forum focused on the semiconductor industry. In accordance with the National Semiconductor Strategy introduced last year, the agency is preparing a programme aimed at supporting Czech suppliers in the semiconductor industry. The objective of the programme is to get Czech companies involved in the international semiconductor chain. Other key areas are development of battery technologies and exploitation of the development potential of artificial intelligence. Economic relations with technology companies are also being strengthened, as is collaboration with companies from advanced countries in Europe, Asia and North America.
Media contact:
David Hořínek
PR Manager and Spokesperson
+420 724 591 667
david.horinek@czechinvest.org