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CzechInvest publishes new FDI report on significant changes in investment promotion and electromobility

08.09.2023
CzechInvest publishes new FDI report on significant changes in investment promotion and electromobility

The third FDI Report focuses on foreign direct investment in Czechia and provides an overview of the most important events and news in this sector. This edition focuses on changes in investment incentives, with an emphasis on support for innovative, high value-added industries, and on electromobility, which will have a significant impact on the automotive industry in Czechia.

The FDI Report contains a range of relevant and up-to-date information on Czechia. For example, you will read that every crown spent on investment incentives returns 5.25 times to the state budget, or that there is significant growth in local electromobility. Registrations of electric vehicles have increased by 1,000% since 2017. Related to this, a zone is currently being prepared to host a gigafactory for the production of batteries for electric cars.

The FDI report aims to increase the attractiveness of Czechia for foreign investors, thus contributing to economic growth and innovation. The report therefore concludes with a profile of Eaton, one of the largest American investors in Czechia, which celebrated its 30th anniversary in the country this year and serves as an example of good practice for future investors considering setting up operations in Czechia.

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