Foreign investment fell markedly in 2009, says state agency CzechInvest


CzechInvest says it mediated investments worth CZK 17 billion in 2009, a fall of CZK 10 billion on the previous year. The state agency, whose task it is to attract foreign companies to the Czech Republic, also said the total number of new investment projects last year was one tenth lower than in 2008. Of the 184 fresh investments in 2009, almost half were in the field of research and development, which the head of CzechInvest, Alexandra Rudyšarová, said was proof that overseas firms were coming to the country to launch ever more demanding businesses.