Direct investments by foreign investors in Czech Republic up by 56 percent year-on-year

27-07-2011

Direct investments from foreign investors reached a total of about 113 billion Czech crowns in 2010, a 56 percent increase year-on-year, according to fresh data published by the United Nations Conference on Trade and Development. Investments were also up slightly compared to the pre-crisis year 2008. According to a spokesperson for CzechInvest, the data shows that economies worldwide have recovered from the world financial crisis. He added that this is palpable in the Czech Republic as well, and that in 2009, investments had dropped by 42 percent as a consequence of the global financial melt-down. Worldwide, foreign investments grew by 1.24 billion US dollars in 2010 year-on-year.