Czech Republic is second-most attractive for German investors

German Euro, German investors rank Czech Republic as attractive for investments
+/- FONT:

Germany sees the Czech Republic as a good investment possibilities, according to survey

Prague, July 9 (ČTK) — The Czech Republic is the second most attractive country for German investors from the 15 countries in Central and Eastern Europe after Poland, according to a survey conducted by the Czech-German Chamber of Commerce (ČNOPK) and 15 other Germany's Chambers of Commerce in the region.

Until last year, when the Czech Republic ranked also second, the Czech Republic had been the best place for German companies' investment for seven years.

Poland's lead is not big, but it has increased moderately compared with last year.

 

The third place in the ranking of countries' attractiveness for German investors is occupied by Estonia, followed by Slovakia, Slovenia, Latvia, Lithuania, Croatia, Hungary and Russia.

Eighty-eight percent of German investors would choose the Czech Republic as a place for their investment again, which is the highest share in the survey's history, said ČNOPK's director of communications Hannes Lachmann.

Respondents of the survey in the Czech Republic expressed increasing dissatisfaction with the development of labor costs, which correspond to only one-third of the costs in Germany, but are three times higher than in Bulgaria, for example.

The Czech Republic was also among countries assessed for the worst in employees' efficiency, motivation and qualifications.

CNOPK also recorded a growth in discontent with the supply of qualified labour force, which is the third worst in the region.

In addition, investors are less satisfied with the system of specialized training.

The Czech public administration received a slightly better evaluation compared with the previous survey, but it is still the fifth worst in the region.

Economic stability in the Czech Republic, which German investors evaluated as good in the previous survey, was given good evaluation again, but the assessment of legal certainty worsened from the 15th to the 9th place.

The number of respondents dissatisfied with the transparency of public procurement moderately decreased. Still, the Czech Republic ranks among the worst countries in regards to transparency of public tenders.

Crime and corruption in the Czech Republic is a field which has been evaluated as negative by investors in the long term.

In contrast, the quality and accessibility of local suppliers as well as payment discipline is very good, according to German investors.

Conditions for research and development have slightly improved.

The evaluation of the Czech infrastructure, which has been a well-assessed investment factor in the long term, also improved further.

But Lachmann said evaluation of infrastructure in other countries improved even more.

Ranking of Central and Eastern European countries' attractiveness for German investors:

country 2006 2007 2008 2009 2010 2011 2012 2013 2014
Poland 8 9 4 2 2 2 2 1 1
CR 1 1 1 1 1 1 1 2 2
Estonia 4 4 6 6 8 5 4 3 3
Slovakia 3 3 3 2 4 4 3 4 4
Slovenia 2 2 2 3 3 3 5 5 5
Croatia 9 7 11 5 5 7 6 6 8
Latvia 7 5 7 11 13 9 8 7 6
Lithuania 6 6 8 10 10 6 9 8 7
Russia 13 12 10 7 6 8 7 9 10
Hungary 5 8 5 9 7 10 13 10 9

 
Log in  \/ 
Register  \/ 

The BIG Stories

Appeals court rules in Opencard case
18 Dec 2014 10:56 - Czech News Agency

Court toughens some verdicts, softens other those behind Prague e-card tender

DNA confirms deceased man is Karl Law
12 Dec 2014 16:58 - Raymond Johnston

Police issue statement saying body found in river is a missing British tourist

Bad end to missing British tourist case
08 Dec 2014 15:44 - Raymond Johnston

Multiple news outlets report that a body found in the Vltava is that of Karl Law

Searcher: Body isn’t Karl Law
07 Dec 2014 17:31 - Raymond Johnston

A body found in the Vltava River is not that of the missing tourist, his cousin states

Prague tram network shuts down for first time in h...
02 Dec 2014 13:00 - Czech News Agency Photo: Raymond Johnston

Public transport across the city is possible only by bus and metro

Search for a word in the Macmillan Dictionaries Online simply by double-clicking on a word on the page.