CzechInvest attracts record volume of foreign direct investment

10-01-2002

Despite predictions by the government's investment agency CzechInvest that the volume of foreign direct investment would decrease, the agency has managed to attract a record 2 billion U.S. dollars of investment into the country in the course of last year. This, in comparison to the 2000 figures, constitutes a 30 percent increase. In 2001, the most foreign direct investment came from Japan, followed by Germany and France. According to CzechInvest's General Director, Martin Jahn, the increase in the volume of foreign direct investment can be attributed to the gradually improving environment for investment in the Czech Republic.