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WELCOME TO THE CZECH REPUBLIC Investment opportunities in IT sector Jiri Preclik, Vladimir Vyskocil 10th October 2011 CZECHINVEST Investment & Business Development Agency Ministry of Industry and Trade State contributory organisation CzechInvest Investment and Business Development Agency to support foreign direct investment mission to develop local companies to implement business-development programs to improve business environment OUR SERVICES TO POTENTIAL INVESTORS -- Collect/provide information -- Identify sites and buildings -- Find potential suppliers / JV partners -- Liaise with government bodies/local authorities -- Handle investment incentives -- Enable access to structural EU funds -- Provide aftercare services our services are free of charge Source: CzechInvest, 2010 CZECH REPUBLIC: BASIC DATA 2010 Population Labour force Unemployment 10.5 million 5.3 million 8.2 % GDP growth Annual inflation 2.3 % 1.5 % Average monthly wage (nominal) EUR 947 USD 1253 Source: Czech Statistical Office 2011, Czech Ministry of Finance, September 2011 INVESTMENT RISK RATING STANDARD AND POOR´S MOODY´S FITCH Slovenia AA Aa2 AA Czech Republic AA- A1 A+ Slovakia A+ A1 A+ Estonia A A1 A Poland A- A2 A- Hungary BBB- Baa3 BBB- Bulgaria BBB Baa3 BBB- Romania BB+ Baa3 BB+ COUNTRY Source: Czech National Bank, April 2011 Czech Republic Academic Institutions – R&D Potential PRAGUE REGION Students: 12,353 Graduates: 2,464 LIBEREC REGION Students: 799 Graduates: 455 Technical Universities Students: 80,245 Graduates: 17,109 PhD grad.: 1,029 HRADEC KRALOVE Students: 782 Graduates: 114 PARDUBICE REGION Students: 1,073 Graduates: 112 MORAVIA-SILESIA Students: 3,935 Graduates: 720 Source: Institute for Information on Education CzechInvest, 2010 *Note: according to the selected educational fields - source CzechInvest PLZEN REGION Students: 2,364 Graduates: 539 SOUTH MORAVIA Students: 8,058 Graduates: 1,897 ZLIN REGION Students: 1,794 Graduates: 418 ICT Faculties Students: 32,789 Graduates: 6,575 Czech Republic Favorable Labour Costs ╌ Skills Are the Critical Factor for Success in ICT Sector ╌ Creative, Innovative, Skilled and Experienced Professionals ╌ Lower costs compared to Western Economies Position CR USA IT Top Management 6,500 10,000 MIS Management 4,800 7,400 Systems Analysis Professionals 1,600 3,300 Programming Professionals 1,300 2,700 Source: CzechInvest, 2011; The Economist Intelligence Unit, 2010; Watson Wyatt Data Services / USD = 16.908 CZK (www.cnb.cz 6-19-2011) 13.19 Czech Republic Technology and Innovation Hub in the Heart of Europe Selected FDI / ICT Sector Source: CzechInvest, 2011 Summary Stable economic climate Very good education system Advanced domestic IT market Financial support programmes Attractiveness for investors