Transcript

04/19/23

Basic Information

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Basic Information • Macroeconomic Data •

Foreign Trade • Foreign Direct Investment

Anti-recession Measures •Legislation • Sources

Ministry of Industry and TradeMinistry of Industry and Tradewww.mpo.cz

Embassy of the Czech Republic in …Embassy of the Czech Republic in …www.aaa.bb

Czech Republic – Czech Republic – Your PartnerYour Partner

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© 2009 Ministry of Industry and TradeBasic Information • Macroeconomic Data •

Foreign Trade • Foreign Direct Investment

Anti-recession Measures •Legislation • Sources

Basic InformationBasic InformationCzech Republic in GeneralCzech Republic in GeneralCultural HeritageCultural HeritageCzech SpasCzech Spas

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Basic Information

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Basic Information • Macroeconomic Data •

Foreign Trade • Foreign Direct Investment

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Czech Republic in GeneralCzech Republic in General

AreaArea 79,000 km79,000 km22

LocationLocation in the very heart of Europein the very heart of EuropePopulationPopulation 110.2 million (94% Czech)0.2 million (94% Czech)Political systemPolitical system parliamentary democracy parliamentary democracy Head of state Head of state ppresident Václav Klausresident Václav KlausCurrency Currency (CZK, koruna)(CZK, koruna)

1 USD =1 USD = app. 18 app. 18 CZK CZK; ; 1 EUR = app. 25.5 CZK1 EUR = app. 25.5 CZK

SState languagetate language CzechCzechTime zoneTime zone GMT +1GMT +1Transport Transport excellent connection, excellent connection,

5 international airports 5 international airports Membership inMembership inorganisationsorganisations IMF, WB, WTO, OECD…IMF, WB, WTO, OECD…

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Cultural HeritageCultural HeritageCultural HeritageCultural Heritage

Kutná Hora

Zelená Hora

Telč

HolašoviceLednice

200 chateaux & castles,12 UNESCO monuments

historical towns

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Czech SpasCzech Spas

Czech spa tradition –over 36 spas

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© 2009 Ministry of Industry and TradeBasic Information • Macroeconomic Data •

Foreign Trade • Foreign Direct Investment

Anti-recession Measures •Legislation • Sources

Macroeconomic DataMacroeconomic DataOverview of the Czech EconomyOverview of the Czech EconomyGross Domestic ProductGross Domestic ProductIndustrial OutputIndustrial OutputInflationInflationEmploymentEmployment

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Macroeconomic Data

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Overview of the Czech Economy…Overview of the Czech Economy…

Main characteristicsHigh economic growth in recent years – gradual catch up with the average EU GDP level (77% of EU 27 level in 2008)

Big share of manufacturing sector

Small, open economy

Strong trade and ownership links with EU

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Macroeconomic Data

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……Overview of the Czech EconomyOverview of the Czech Economy

Fast and balanced real convergence

Low inflation

External balance – trade surplus and modest current account deficit

Fiscal prudence – reduced public deficit (1,2% GDP in 2008), moderated public debt (29,4% GDP)

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Macroeconmic data

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Gross Domestic Product..Gross Domestic Product..

Peak in the half 2006 (6.9% growth)

Still good results for 2008 with significant deterioration in 4.Q 2008

2.8% growth in 2008

Czech economy in recession – contracting in two consecutive quarters: in the forth quarter 2008 (-0.1% q/q) and in the first quarter 2009 (-3.4% q/q)

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……Gross Domestic ProductGross Domestic Product

Signs of recovery: 0.1% growth (q/q) in the second quarter 2009

The outlook for this year is influenced by weak demand in the euro zone with negative impact to the Czech exports

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Macroeconomic data

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Basic Information • Macroeconomic Data •

Foreign Trade • Foreign Direct Investment

Anti-recession Measures •Legislation • Sources

Gross Domestic Product

(constant prices, y/y change, %)

Gross Domestic ProductGross Domestic ProductGross Domestic ProductGross Domestic Product

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Macroeconomic Data

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Gross Domestic ProductGross Domestic Product

Gross Domestic Product in %(by sectors - 2008)

2,6

24,9

6,6

1,5

4,8

3

56,6

Agriculture Manufacturing IndustryBuilding Industry Mineral Wealth MiningElectricity Production and Distribution TourismServices

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Macroeconomic Data

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Industrial OutputIndustrial OutputFlat growth in 2008: 0.4% y/y growthImportant share of automotive industry (23%)Falling down since October 2008 (in 1st quarter 2009 -19.1% y/y, in 2nd quarter 2009 -18.8% y/yNew orders falling dramatically downBut signs of stabilisation in recent monthMain reasons - poor external demand, decreasing domestic demand, slowdown in private investment

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Macroeconomic Data

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Industrial OutputIndustrial OutputIndustrial Production

(y/y changes)

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2005

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base idices trend (average month 2005=100) industrial production not SA industrial production trend

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Macroeconomic Data

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Foreign Trade • Foreign Direct Investment

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Industrial OutputIndustrial OutputNew Industrial Orders

(current prices index in %)

110,3 109,3

101,0

111,8

105,8

99,1

104,8

99,8

75,9

79,6

73,3 72,2

87,0

81,6

72,5

82,1

73,0

91,7

81,6

73,472,6

81,9

91,7

73,171,0

75,4

72,5

94,093,1

103,7

97,2

103,5

109,5

98,0

104,3103,2

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total foreign

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Macroeconomic Data

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Anti-recession Measures •Legislation • Sources

InflationInflation

Higher inflation in 2008 - due to administrative reasons (hike in regulated prices) and high commodity prices

Decreasing since September 2008

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Macroeconomic Data

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Foreign Trade • Foreign Direct Investment

Anti-recession Measures •Legislation • Sources

InflationInflation

Consumer Price Index(Change in %)

98,0

99,0

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105,0

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06 3 5 7 9 11

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09 3 5 7

Year-on-year changes Month-on-month changes Inflation rate

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Macroeconomic Data

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Anti-recession Measures •Legislation • Sources

EmploymentEmployment

Positive trend changed at the end of 2008

Since November raising unemployment due to negative development of the economy

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Macroeconomic Data

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Basic Information • Macroeconomic Data •

Foreign Trade • Foreign Direct Investment

Anti-recession Measures •Legislation • Sources

EmploymentEmployment

Unemployment Rate(in %)

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© 2009 Ministry of Industry and TradeBasic Information • Macroeconomic Data •

Foreign Trade • Foreign Direct Investment

Anti-recession Measures •Legislation • Sources

Foreign TradeForeign TradeOverviewOverviewForeign Trade in Current PricesForeign Trade in Current PricesForeign Trade by Regions 2008 - USDForeign Trade by Regions 2008 - USDForeign Trade by Regions 2008 - EURForeign Trade by Regions 2008 - EURForeign Trade by Regions 2009 - USDForeign Trade by Regions 2009 - USDForeign Trade by Regions 2009 - EURForeign Trade by Regions 2009 - EURExports in 2008 - 2009Exports in 2008 - 2009Imports in 2008 - 2009 Imports in 2008 - 2009

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Foreign Trade • Foreign Direct Investment

Anti-recession Measures •Legislation • Sources

OverviewOverview

Still good results for 2008 - 69.4 bill. CZK (2.7 bill. EUR) trade surplusExport and import falling down since October 2008New foreign orders falling dramatically down - mainly in the car industryMain reasons - in the first half of 2008 - extremely strong CZK, since the second half - decreasing external demandSigns of stabilisation and improving external demand in recent months

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Basic Information • Macroeconomic Data •

Foreign Trade • Foreign Direct Investment

Anti-recession Measures •Legislation • Sources

Foreign Trade in Current PricesForeign Trade in Current PricesForeign Trade

(current prices, y/y change in %, balance in bill. CZK)

-30

-20

-10

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10

20

30

4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 1 2

2007 2008 2009

Export Import Balance

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Basic Information • Macroeconomic Data •

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Anti-recession Measures •Legislation • Sources

Foreign Trade by Regions 2008 -Foreign Trade by Regions 2008 -USDUSD

Exports Imports Balance

2007 2008 Index

08/07

2007 2008 Index

08/07

2007 2008

USD mill. USD mill. USD mill.

Total 122 760 146 406 119.26 118 467 142 172 120.01 4 239 4 234

*Developed countries with a market economy 111 821 132 674 118.65 93 891 107 522 114.52 17 930 25 152

**EU countries 27 104 621 124 796 119.28 83 808 95 397 113.83 20 813 29 399

**EFTA countries 2 497 2 765 110.73 1 846 2 443 132.34 651 322

**Other developed countries with a marked economy 4 703 5 113 108.72 8 237 9 682 117.54 -3 534 -4 569

*Developing countries 4 194 4 867 116.05 6 836 8 528 124.75 -2 642 -3 661

*European transition economies 1 297 1 436 110.72 318 479 150.63 979 957

*Commonwealth independent states 4 598 6 284 136.67 7 800 12 627 161.88 -3 202 -6 343

*Other*) 795 846 106.42 9 454 12 717 134.51 -8 659 -11 871

*Unspecified 55 299 543.64 168 299 177.98 -113 0

OECD countries 107 727 127 835 118.67 93 131 106 915 114.80 14 596 20 920

Foreign Trade by Regions(2008 – final data)

*)China, North Korea, Cuba, Laos, Mongolia, Vietnam

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Foreign Trade

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Foreign Trade by Regions 2008 - EURForeign Trade by Regions 2008 - EUR

Exports Imports Balance

2007 2008 Index

08/07

2007 2008 Index

08/07

2007 2008

EUR mill. EUR mill. EUR mill.

Total 89 396 99 247 111.02 86 238 96 533 111.94 3 158 2 714

*Developed countries with a market economy 81 448 89 917 110.40 68 364 72 916 106.66 13 084 17 001

**EU countries 27 76 205 84 569 110.98 61 036 64 653 105.93 15 169 19 916

**EFTA countries 1 816 1 877 103.36 1 343 1 685 125.47 473 192

**Other developed countries with a marked economy 3 427 3 471 101.28 5 985 6 578 109.91 -2 558 -3 107

*Developing countries 3 054 3 309 108.35 4 969 5 821 117.15 -1 915 -2 512

*European transition economies 943 977 103.61 232 320 137.93 711 657

*Commonwealth independent states 3 336 4 274 128.12 5 694 8 567 150.46 -2 358 -4 293

*Other*) 575 574 99.83 6 857 8 706 126.97 -6 282 -8 132

*Unspecified 40 196 490.00 122 203 166.39 -82 -7

OECD countries 78 473 86 639 110.41 67 804 72 515 106.95 10 669 14 124

Foreign Trade by Regions(2008 – final data)

*)China, North Korea, Cuba, Laos, Mongolia, Vietnam

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Foreign Trade

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Anti-recession Measures •Legislation • Sources

Foreign Trade by Regions 2009 - USDForeign Trade by Regions 2009 - USD

Exports Imports Balance

1-8/2008 1-8/2009 Index

09/08

1-8/2008 1-8/2009 Index

09/08

1-8/2008 1-8/2009

USD mill. USD mill. USD mill.

Total 103 620 69 660 67.23 99 198 64 581 65.10 4 422 5 079

*Developed countries with a market economy 94 222 63 437 67.33 75 802 49 390 65.16 18 420 14 047

**EU countries 27 88 684 59 480 67.07 67 604 43 391 64.18 21 080 16 089

**EFTA countries 1 926 1 559 80.94 1 468 1 440 98.09 458 119

**Other developed countries with a marked economy 3 612 2 398 66.39 6 730 4 559 67.74 -3 118 -2 161

*Developing countries 3 350 2 800 83.58 5 739 4 277 74.53 -2 389 -1 477

*European transition economies 984 547 55.59 391 212 54.22 593 335

*Commonwealth independent states 4 196 2 359 56.22 8 867 4 295 48.44 -4 671 -1 936

*Other*) 603 485 80.43 8 191 6 170 75.33 -7 588 -5 685

*Unspecified 265 32 12.08 208 237 113.94 57 -205

OECD countries 90 770 61 538 67.80 75 331 49 169 65.27 15 439 12 369

Foreign Trade by Regions(2009 - preliminary data)

*)China, North Korea, Cuba, Laos, Mongolia, Vietnam Source: Czech Statistical Office

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Foreign Trade by Regions 2009 - EURForeign Trade by Regions 2009 - EUR

Exports Imports Balance

1-8/2008 1-8/2009 Index

09/08

1-8/2008 1-8/2009 Index

09/08

1-8/2008 1-8/2009

EUR mill. EUR mill. EUR mill.

Total 67 554 51 445 76.15 64 666 47 703 73.77 2 888 3 742

*Developed countries with a market economy 61 432 46 858 76.28 49 400 36 457 73.80 12 032 10 401

**EU countries 27 57 819 43 923 75.97 44 060 32 014 72.66 13 759 11 909

**EFTA countries 1 256 1 154 91.88 955 1 068 111.83 301 86

80 2 357 1 781 75.56 4 385 3 375 76.97 -2 028 -1 594

*Developing countries 2 184 2 061 94.37 3 751 3 166 84.40 -1 567 -1 105

*European transition economies 642 405 63.08 255 157 61.57 387 248

*Commonwealth independent states 2 731 1 740 63.71 5 779 3 178 54.99 -3 048 -1 438

*Other*) 394 358 90.86 5 345 4 571 85.52 -4 951 -4 213

*Unspecified 171 23 13.45 136 174 127.94 35 -151

OECD countries 59 179 45 456 76.81 49 099 36 294 73.92 10 080 9 162

Foreign Trade by Regions(2009 - preliminary data)

*)China, North Korea, Cuba, Laos, Mongolia, Vietnam

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Foreign Trade

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Exports in 2008 – 2009…Exports in 2008 – 2009…

2008 1-8/2009

  % (in CZK) USD mill. EUR mill.   % (in CZK) USD mill. EUR mill.

Total exports 100.00 146 406 99 247 Total exports 100.00 69 660 51 445

Europe total 92.63 135 642 91 934 Europe total 92.32 64 306 47 494

Germany 30.71 44 969 30 482 Germany 33.02 23 000 16 988

Slovakia 9.20 13 442 9 132 Slovakia 8.91 6 233 4 592

Poland 6.47 9 502 6 430 Poland 5.87 4 097 3 023

France 5.48 8 028 5 435 France 5.72 3 976 2 939

United Kingdom 4.81 7 039 4 770 United Kingdom 4.82 3 363 2 483

Africa total 0.77 1 114 760 Africa total 0.97 671 496

South Africa 0.22 317 214 South Africa 0.22 151 112

Egypt 0.16 231 158 Algeria 0.16 112 84

Algeria 0.06 91 63 Egypt 0.15 107 79

Morocco 0.06 86 58 Libya 0.11 80 58

Libya 0.04 61 41 Morocco 0.07 47 35

Main Trade Partners

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Foreign Trade

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……Exports in 2008 - 2009Exports in 2008 - 2009

2008 1-8/2009

  % (in CZK) USD mill. EUR mill.   % (in CZK) USD mill. EUR mill.

America total 2.47 3 602 2 451 America total 2.49 1 737 1 281

United States 1.75 2 540 1 731 United States 1.56 1 078 800

Brazil 0.22 319 215 Brazil 0.24 169 123

Mexico 0.16 227 154 Argentina 0.21 150 108

Canada 0.13 195 133 Mexico 0.16 112 82

El Salvador 0.04 52 36 Canada 0.12 85 63

Asia total 3.71 5 402 3 672 Asia total 4.00 2 792 2 060

China 0.53 778 528 China 0.65 456 336

United Arab Emirates 0.44 636 433 India 0.47 330 242

India 0.43 635 425 United Arab Emirates 0.46 321 238

Japan 0.37 550 371 Japan 0.31 214 159

Israel 0.25 361 245 Israel 0.25 176 131

Australia and Oceania total 0.24 346 235 Australia and Oceania total 0.18 122 90

Australia 0.21 306 207 Australia 0.15 103 76

New Zealand 0.02 34 23 New Zealand 0.03 18 14

Papua New Guinea 0.00 4 2 New Caledonia 0.00 0 0

Unspecified 0.19 299 196 Unspecified 0.05 32 23

Main Trade Partners

Source: Czech Statistical Office

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Imports in 2008 – 2009…Imports in 2008 – 2009…

2008 1-8/2009

  % (in CZK) USD mill. EUR mill.   % (in CZK) USD mill. EUR mill.

Total imports 100.00 142 172 96 533 Total imports 100.00 64 581 47 703

Europe total 77.08 109 748 74 420 Europe total 76.25 49 311 36 394

Germany 26.73 38 319 25 814 Germany 26.62 17 247 12 716

Russian Federation 6.43 9 141 6 209 Poland 6.26 4 056 2 991

Poland 5.85 8 341 5 653 Slovakia 5.39 3 494 2 577

Slovakia 5.54 7 886 5 353 Russian Federation 5.34 3 438 2 543

Italy 4.47 6 381 4 318 Italy 4.46 2 879 2 126

Africa total 0.46 648 443 Africa total 0.43 276 204

South Africa 0.20 280 190 South Africa 0.19 121 89

Morocco 0.05 73 50 Morocco 0.06 40 30

Egypt 0.03 40 27 Egypt 0.03 22 16

Libya 0.03 33 26 Tunisia 0.03 19 14

Ivory Coast 0.02 35 24 Ivory Coast 0.02 11 8

Main Trade Partners

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Foreign Trade

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……Imports in 2008 - 2009Imports in 2008 - 2009

2008 1-8/2009

% (in CZK) USD mill. EUR mill. % (in CZK) USD mill. EUR mill.

America total 3.06 4 336 2 949 America total 3.29 2 115 1 567

United States 2.06 2 927 1 993 United States 2.33 1 498 1 109

Brazil 0.27 383 258 Brazil 0.28 177 132

Canada 0.24 350 237 Canada 0.20 129 96

Mexico 0.19 262 181 Mexico 0.20 128 95

Argentina 0.06 82 55 Costa Rica 0.06 39 28

Asia total 19.07 26 964 18 397 Asia total 19.56 12 582 9 318

China 8.83 12 447 8 522 China 9.34 6 004 4 448

Japan 3.32 4 723 3 205 Japan 3.29 2 122 1 570

Azerbaijan 1.10 1 569 1 062 South Korea 1.21 781 578

South Korea 1.06 1 487 1 017 Thailand 1.03 663 492

Taiwan 0.92 1 301 886 Taiwan 0.89 577 426

Australia and Oceania total 0.12 177 120 Australia and Oceania total 0.09 60 44

Australia 0.11 151 102 Australia 0.08 49 36

New Zealand 0.01 19 13 New Zealand 0.01 9 7

Northern Mariana Isl. 0.00 3 2 USA Minor Outing Isl. 0.00 1 0

Unspecified 0.21 299 203 Unspecified 0.37 237 174

Main Trade Partners

Source: Czech Statistical Office

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© 2009 Ministry of Industry and TradeBasic Information • Macroeconomic Data •

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Foreign Direct InvestmentForeign Direct Investment

Inward Foreign Direct InvestmentInward Foreign Direct InvestmentInvestment Opportunities - Year 2009Investment Opportunities - Year 2009Investment Incentives SchemeInvestment Incentives Scheme

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Foreign Direct Investment

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Inward Foreign Direct InvestmentInward Foreign Direct InvestmentInflows of FDI (mill. EUR, mill. USD)

Source: Czech National Bank

3317

5933

5404 6

296

1 8

63

4 0

07

9 3

74

4 3

55

7 6

34

7 3

29

1 3

05

3718

6324

4986 5641

8 4

83

2 1

01

4 9

74

11 6

58

5 4

59

10 4

36

10 7

31

9 0

12

0

2000

4000

6000

8000

10000

12000

14000

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 1.Q.2009

EUR USD

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Foreign Direct Investment

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Investment Opportunities - Year 2009…Investment Opportunities - Year 2009…

Traditional Sectors of Czech IndustryAutomotive and Aerospace Industry

Electronics

Precision Engineering

Chemicals and Plastics

Sectors with High Potential for the FutureNanotechnology

Biotechnology, Life Sciences and Medical Devices

Renewable and Alternative Energy

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Investment Opportunities - Year 2009…Investment Opportunities - Year 2009…

High-tech servicesInformation and Communication Technologies, Software DevelopmentStrategic Services – Shared Service Centres, Expert and Solution Provider Centres, High-tech Repair Centres

Research and DevelopmentInnovation Activities and Applied R&D

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Foreign Direct Investment

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Anti-recession Measures •Legislation • Sources

Investment Incentives SchemeInvestment Incentives Scheme

Manufacturing investors meeting the criteria may currently apply for all or any of the following incentives:

The corporate income tax relief (full or partial) for a period of up to five years

Training and retraining subsidies

Job creation grants

Transfer of state-owned land at a discount

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© 2009 Ministry of Industry and TradeBasic Information • Macroeconomic Data •

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LegislationLegislation

Tax System of the Czech RepublicTax System of the Czech RepublicTax Rates in the Czech RepublicTax Rates in the Czech RepublicThe Main Indirect TaxesThe Main Indirect TaxesLegal RequirementsLegal RequirementsSocial Security and Health InsuranceSocial Security and Health InsuranceProperty MarketProperty Market

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Legislation

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Tax System of the Czech RepublicTax System of the Czech RepublicThe tax system of the Czech Republic is similar to other European countriesThe corporate income tax has a rate of 20 per cent (2009)Each taxpayer may choose linear or accelerated depreciationThe terms of depreciation range from 3 to 50 yearsThe real estate tax is levied on land and buildingThe taxation period is one calendar year

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Legislation

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Tax Rates in the Czech RepublicTax Rates in the Czech Republic

Tax Tax rate

Corporate income tax 26% (2005), 24% (2007), 21% (2008), 20% (2009)

Personal income tax 15%

Value added tax (VAT) 19% (services & goods) or 9% (reduced)

Excise duty Levied on petrol and petrol derivates, alcohol and tobacco

Road tax CZK 1 200 (cars) – CZK 50 400 (trucks)

Real estate tax According to type, location and purpose of use of the real estate

Real estate transfer tax 3%

Inheritance tax & gift taxProgressive tax rate which ranges from 1% (0.5% for inheritance tax) up to 40% (up to 20% for inheritance tax)

Energy taxLevied on supplies of electricity, natural and other gases, and solid fuels with effect from 1 January 2008

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Legislation

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The Main Indirect Taxes…The Main Indirect Taxes…

The VAT has a basic rate of 19% and reduced rate of 9%The basic rate is levied on the majority of goods and servicesExported goods are exempt from tax with possibility of claiming a VAT refund paid on inputThe tax is paid monthly or quarterly depending on the turnover of the taxpayerExcise duties are levied on mineral oils, liquors, wine, beer and tobacco products

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Legislation

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……The Main Indirect TaxesThe Main Indirect Taxes

The tax is paid when goods are released for consumption, i. e. when they leave a registered tax warehouse. Excise duty on tobacco product is paid through buying stamps.

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Basic Information • Macroeconomic Data •

Foreign Trade • Foreign Direct Investment

Anti-recession Measures •Legislation • Sources

Legal RequirementsLegal Requirements

Starting up a businessA foreign person‘s authorization to carry on a business activity on the territory of the Czech Republic takes effect on the day as of which that person, or that person‘s organizational component, is recorded in the (Czech) Commercial Register

Exempt from this are individuals (natural persons) who have a permanent residential address in a member state of the European Union

Incorporation or establishment of a Czech legal entity is another option

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Basic Information • Macroeconomic Data •

Foreign Trade • Foreign Direct Investment

Anti-recession Measures •Legislation • Sources

Social Security and Health InsuranceSocial Security and Health Insurance

Contribution Employer (%) Employee (%)

Health care insurance 9.0 4.5

Pensions 21.5 6.5

Unemployment 1.2 0.0

Sickness and other benefits 2.3 0.0

Total 34.0 11.0

Contributions(of gross salary)

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Foreign Trade • Foreign Direct Investment

Anti-recession Measures •Legislation • Sources

Property MarketProperty Market

Location Standard A Standard B

Prague

Prague city centre 18.50 – 20.00 12.50 – 15.00

Inner city 14.50 – 17.00 10.00 – 13.00

Outer city 12.50 – 14.00 8.00 – 13.00

Periphery 9.00 – 12.00 8.00 – 11.00

Brno 11.00 – 13.00 7.00 – 9.00

Plzeň 9.50 – 11.00 5.00 – 6.00

Ostrava 9.50 – 12.00 4.50 – 6.00

Office Market(avg rent EUR/m2/month)

Location

Greater Prague location 4.00 – 5.00

Other Location 3.50 –4.50

Business and Logistic Parks(avg rent EUR/m2/month)

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© 2009 Ministry of Industry and TradeBasic Information • Macroeconomic Data •

Foreign Trade • Foreign Direct Investment

Anti-recession Measures •Legislation • Sources

Anti-recession MeasuresAnti-recession Measures

Part Part oneonePart Part twotwo

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Basic Information • Macroeconomic Data •

Foreign Trade • Foreign Direct Investment

Anti-recession Measures •Legislation • Sources

Part Part oneone

Lower taxes for businesses (corporate tax)

Use of money from reserve funds of ministries

EGAP (Czech ECA) and Czech Export Bank facilities support

Support to businesses in agriculture

Increase of the financing of the infrastructure

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Foreign Trade • Foreign Direct Investment

Anti-recession Measures •Legislation • Sources

Part Part twotwo

Reduction of social insurance contributions

Faster write off periods

Remission of advance income tax payments for small businesses

Guarantees for loans from CMZRB bank

Thermal insulation for buildings

Investment into R&D

Reduction of administrative loading of corporate sector

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04/19/23 47

© 2009 Ministry of Industry and TradeBasic Information • Macroeconomic Data •

Foreign Trade • Foreign Direct Investment

Anti-recession Measures •Legislation • Sources

SourcesSources

Foreign Offices - Investment SupportForeign Offices - Investment SupportSources of Useful InformationSources of Useful InformationThe Most Important WebsitesThe Most Important Websites

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Sources

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Basic Information • Macroeconomic Data •

Foreign Trade • Foreign Direct Investment

Anti-recession Measures •Legislation • Sources

Foreign Offices - Investment SupportForeign Offices - Investment Support

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Sources

49

Basic Information • Macroeconomic Data •

Foreign Trade • Foreign Direct Investment

Anti-recession Measures •Legislation • Sources

Sources of Useful InformationSources of Useful Information

CzechTrade www.czechtrade.cz

CzechInvest www.czechinvest.cz

BusinessInfo www.businesinfo.cz

Confederation of Industry of the Czech Republic www.spcr.cz

Economic Chamber of the Czech Republic www.komora.cz

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Foreign Trade • Foreign Direct Investment

Anti-recession Measures •Legislation • Sources

The Most Important Websites…The Most Important Websites…

General information on the Czech Republic

http://www.czech.cz Official site for the CR

Portal of the Public Administration

http://portal.gov.cz The electronic gateway for the public administration and government services

Zlaté stránky www.zlatestranky.cz Telephone and companies directory

Iuridica http://iuridica.eunet.cz Legal services in the Czech Republic

Czech National Bank www.cnb.cz Monetary, financial and macroeconomic data

Prague Stock Exchange www.pse.cz Prague Stock Exchange data

The Industrial Property Office www.upv.cz Norms, Patents and Standards

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Sources

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Foreign Trade • Foreign Direct Investment

Anti-recession Measures •Legislation • Sources

……the Most Important Websitesthe Most Important Websites

The Grant Agency of the Czech Republic

www.gacr.cz Awards grants to the best project of basic research in all branches of science

The Register of Advertising Agencies

www.registrra.cz/rra Expert assistance in choosing and working with advertising and communication agencies in the CR

CzechTourism www.czechtourism.com

Official travel site of the Czech Republic

Portal of the Regional Information Service

www.risy.cz Information Website on the regions

Portal of the Czech Judiciary www.justice.cz Course of legal proceedings

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Basic Information

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Basic Information • Macroeconomic Data •

Foreign Trade • Foreign Direct Investment

Anti-recession Measures •Legislation • Sources

Ladies and Gentlemen, Ladies and Gentlemen, thank you very much for your kind attentionthank you very much for your kind attention

Contact: Contact: [email protected]

Czech Republic – Czech Republic – Your PartnerYour Partner


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