czechinvest - georgia trade mission to the czech republic
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Reasons to Invest in the Czech Republic - Focused on Sectors: Aerospace, Energy & CleanTech, Information Technologies, Life SciencesTRANSCRIPT
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Georgia Trade Mission to the Czech Republic Jan Fried | Director of East Coast Operations, USA
World Trade Center Atlanta, Georgia, August 13th 2014
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CzechInvest’s Services- Full information assistance
- Tailor-made visits to the Czech Republic
- Handling of investment incentives
- Access to EU structural funds
- Site selection (brown/green field and offices)
- Search fo potential suppliers / JV / acquisition partners
- Aftercare services
Investment and Business Development Agency - Ministry of Industry and Trade
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Population 10.5 million
Labor force 5.3 million
Unemployment (July 2014) 7.4 %
GDP growth (2013) - 0.9 %
GDP growth (2014) 2.7 %
Annual inflation (July 2014) 0.6 %
Outsourcing and Innovation Hub in the Heart of Europe
Czech Republic
Source: Czech Statistical Office 2014, Czech Ministry of Finance, July 2014
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Geographic Location in the Centre of Europe
Well Educated and Skilled Labor Force
Favorable Labor Costs
R&D and InnovationCapabilities
Attractive Business Climate
Reasons to Invest in the Czech Republic
Source: CzechInvest, 2014
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- Centre of Europe
- Gateway to Eastern and Western markets
- Connection to European destinations
- 3 International Airports
- High-Speed Railways
- Densest Motorway Network in CEE
- [<2 hrs]
Geographic Location
Source: CzechInvest, 2014
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Technical EducationQuality of the Labor Pool – Tradition, Talent and Passion
Engagement of Academia – Cooperation between Universities and Private sector
Students: 94,579
Graduates: 20,573
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- Creative, Innovative, Skilled and Experienced Professionals
- Cultural Compatibility and Emotional Intelligence
- Innovation and Complexity – Quality / Hourly rate (BRICs) – Get Done! On Time!
- Financial Support – EU Funds + Incentives = Training, Wages, Social Benefits
- RIGHTshoring – “Horses for Courses”
Labor Costs
Position CR USA
IT Top Management 6,500 10,000
MIS Management 4,800 7,400
Systems Analysis
Professionals1,600 3,300
Programming
Professionals1,300 2,700
Source: CzechInvest, 2014
Average Annual Wages in USD
United States 55,048
United Kingdom 45,287
Germany 50,658
Czech Republic 15,947
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- 30´s Czechoslovakia among 10 Most Developed Countries in the World
- Czech scientists are behind world´s well-known discoveries and patents
- such as: Contact Lenses and Anti-HIV Drugs
- Recently – Czech IT Going Global
- Security, Big Data, Analytics, Social Media, Start-ups…
R&D and Innovation Capabilities
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Attractive Business Climate
- Corporate income tax – 19%
- S&P: “The outlook is stable” (AA-, May 2014)
- Member of EU since 2004
- EU Funds – Up to 60% of Eligible Costs (Wages/Long-Term Assets)
State Investment Incentives
- Cash grants up to 75mil USD – strategic investment
- Corporate tax reliefs for up to 10 years
- Job creation grants, training and retraining grants + transfer of a land at discountSource: CzechInvest, 2014
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Significant Investors
Source: CzechInvest, 2014
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Target Sectors – Brochures- Aerospace
- Automotive
- Business Support Services
- Electrical Engineering and Electronics
- Energy & Cleantech
- Hi-tech Engineering
- ICT
- Life Sciences
- Materials and Nanotechnologies
- R&D
Source: CzechInvest, 2014
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Aerospace Industry
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Aerospace IndustryLong tradition in manufacturing excellence
Well developed supplier base
World class aerospace R&D centers
Dedicated educational programs
Modern airport infrastructure
- Maintenance, Repair, Overhaul (MRO) – helicopters, aircrafts, Boeing/Airbus
- Light and Sport Aviation – experienced engineers and workers
- Czech and Space – satelites, components, innovation (Galileo navigation system)
Source: CzechInvest, 2014
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(GER)
(POL)
(SVK)
(AUT)
(GER)
Honeywell
The laboratory in Prague opened in 1993 as Honeywell’s first R&D center outside the US and over the past decade the Honeywell Technology Solutions in Brno became a vital part of its global activities.
GE Aviation
Developing and manufacturing aero engines after integrating Walter Company into GE Aviation Business and General Aviation Turboprops. The H80 is a first GE engine designed and produced outside the US!
Bell Helicopter
Customization and delivery center in Prague offers modifications, upgrades,avionics, and special mission packages and offers a range of aftermarket Citation Jet service offerings for Bell and Cessna.
Aerospace – Selected Investors
Source: CzechInvest, 2014
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Energy & Cleantech
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Energy & CleantechCR part of EU strategy for sustainable development “Smarter and Cleaner Europe”
Supported by EU and national budgets = Opportunities for investors
Design, manufacture and deliver new technologies for environmental
protection and energy savings for 700 millions customers in the EU market
- Reusing industrial waste in new products
- Increased use of renewable energy sources
- Support for energy savings through new products
- Technologies in smart distribution systems
CR offers technical competence and manufacturing excellence,
cost effectivnes, favorable conditions for investment
Source: CzechInvest, 2014
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Production of Electricity in the CR
Source: CzechInvest, 2014
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Energy & Cleantech Selected Investors
Source: CzechInvest, 2014
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Information Technologies
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Information TechnologiesEurope’s top location for outsourcing IT Services & Development
Strong inflow of high-added-value projects of top ICT companies
Source: CzechInvest, 2014
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Information TechnologiesExcellent education system serves as a basis for future skills development
Produces a very capable workforce
Long tradition of excellence in technical fields
Important Czech IT firms (verticals):
- Security – AVG, Avast
- Gaming – Bohemia Interactive (Arma), 2K Czech (Mafia)
- Big Data – GoodData,
- Social Media/Analytics – SocialBakers
One of the very few countries in the world where Google does not have a clearly
dominant position on the internet search market
Its local rival is the Czech company Seznam.czSource: CzechInvest, 2014
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Life Sciences
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Life SciencesCzech Republic introduced principal laws of heredity, contact lens, anti-AIDS drug
Attractive location for contract R&D and manufacturing
Effective patent protection – adoption of GMP, GLP, GCP standards
Public support for R&D – non-restrictvive genetic-engineering policies
World class academic and institutional framework
Significant achievments in basic and applied research
Close links between industry, universities and public health care system
Strong presence of large international pharma companies
(research programs) – gateway to growing markets in CEE
Source: CzechInvest, 2014
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Life Sciences – Selected Investors
Source: CzechInvest, 2014
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CzechInvest AgencyForeign Offices – USA
Mr. Jan Fried
USA – East Coast – New York
Mobile phone: +1 (347) 216 9355
E-mail: [email protected]
Mr. Roman Horacek
USA – West Coast – California
Mobile phone: + 1 (415) 794 0665
E-mail: [email protected]
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Thank you for your attention.www.czechinvest.org
Jan Fried | Director of East Coast Operations, USA
[email protected] @jan_fried
Questions