Czech investment incentives target hi-tech firms [ceskapozice]

| 29/02/2012 | 0 Comments

© Ilustra Costing around Kč 30 billion, the Hyundai plant in Nošovice, north Moravia, is one of the largest foreign investment projects in the Czech Republic

The Czech Republic is almost constantly battling against its CEE neighbors to attract large foreign investors for whom government incentives such as tax breaks can be decisive when choosing a location for an investment venture. In given the current economic climate and downturn in investments less-developed regions especially would benefit from large inflows of investment capital.

And it is with this aim that amendments to the law on investment incentives and other relevant laws have been drafted. More specifically, the amendments are aimed at stimulating innovative technologies, the IT sector and strategic services and attracting investors who provide added-value services.

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