Transcript WELCOME TO THE CZECH REPUBLIC

WELCOME TO THE
CZECH REPUBLIC
Investment opportunities
in IT sector
Jiri Preclik, Vladimir Vyskocil
10th October 2011
CZECHINVEST
Investment & Business Development Agency
Ministry of Industry and Trade
State contributory organisation
CzechInvest
Investment and Business Development Agency
to support foreign direct investment
mission
to develop local companies
to implement business-development programs
to improve business environment
OUR SERVICES TO
POTENTIAL INVESTORS
-- Collect/provide information
-- Identify sites and buildings
-- Find potential suppliers / JV partners
-- Liaise with government bodies/local authorities
-- Handle investment incentives
-- Enable access to structural EU funds
-- Provide aftercare services
our services are free of charge
Source: CzechInvest, 2010
CZECH REPUBLIC:
BASIC DATA 2010
Population
Labour force
Unemployment
10.5 million
5.3 million
8.2 %
GDP growth
Annual inflation
2.3 %
1.5 %
Average monthly wage
(nominal)
EUR 947
USD 1253
Source: Czech Statistical Office 2011, Czech Ministry of Finance, September 2011
INVESTMENT RISK
RATING
STANDARD
AND POOR´S
MOODY´S
FITCH
Slovenia
AA
Aa2
AA
Czech Republic
AA-
A1
A+
Slovakia
A+
A1
A+
Estonia
A
A1
A
Poland
A-
A2
A-
Hungary
BBB-
Baa3
BBB-
Bulgaria
BBB
Baa3
BBB-
Romania
BB+
Baa3
BB+
COUNTRY
Source: Czech National Bank, April 2011
Czech Republic
Academic Institutions – R&D Potential
PRAGUE REGION
Students: 12,353
Graduates: 2,464
LIBEREC REGION
Students: 799
Graduates: 455
Technical Universities
Students: 80,245
Graduates: 17,109
PhD grad.: 1,029
HRADEC KRALOVE
Students: 782
Graduates: 114
PARDUBICE REGION
Students: 1,073
Graduates: 112
MORAVIA-SILESIA
Students: 3,935
Graduates: 720
Source: Institute for
Information on Education
CzechInvest, 2010
*Note: according to the selected
educational fields - source
CzechInvest
PLZEN REGION
Students: 2,364
Graduates: 539
SOUTH MORAVIA
Students: 8,058
Graduates: 1,897
ZLIN REGION
Students: 1,794
Graduates: 418
ICT Faculties
Students: 32,789
Graduates: 6,575
Czech Republic
Favorable Labour Costs
╌ Skills Are the Critical Factor for Success in ICT Sector
╌ Creative, Innovative, Skilled and Experienced Professionals
╌ Lower costs compared to Western Economies
Position
CR
USA
IT Top Management
6,500
10,000
MIS Management
4,800
7,400
Systems Analysis
Professionals
1,600
3,300
Programming
Professionals
1,300
2,700
Source: CzechInvest, 2011; The Economist Intelligence Unit, 2010;
Watson Wyatt Data Services / USD = 16.908 CZK (www.cnb.cz 6-19-2011)
13.19
Czech Republic
Technology and Innovation Hub in the Heart of Europe
Selected FDI / ICT Sector
Source: CzechInvest, 2011
Summary

Stable economic climate

Very good education system

Advanced domestic IT market

Financial support programmes

Attractiveness for investors