georgia trade mission to the czech republic - world trade center atlanta
DESCRIPTION
Slides from the event "Opportunities in the Czech Republic and Poland" held at the World Trade Center AtlantaTRANSCRIPT
Georgia Trade Mission to the Czech Republic Jan Fried | Director of East Coast Operations, USAWorld Trade Center Atlanta, Georgia, August 13th 2013
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
Population 10.5 million
Labour 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
Reasons to Invest in the Czech Republic
Source: CzechInvest, 2014
- 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
Technical Education Quality of the Labor Pool – Tradition, Talent and PassionEngagement of Academia – Cooperation between Universities and Private sector
Students: 94,579 Graduates: 20,573
- 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 Professionals
1,600 3,300
Programming Professionals
1,300 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
- 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 and Going Global
- Security, Big Data, Analytics, Social Media, Start-ups…
R&D and Innovation Capabilities
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
Significant Investors
Source: CzechInvest, 2014
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
Aerospace Industry
Aerospace IndustryLong tradition in manufacturing excellence
Well developed supplier base
World class aerospace R&D centers
Dedicated educational programs
Moder 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
(GER)
(POL)
(SVK)(AUT)
(GER)
HoneywellThe 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 AviationDeveloping 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 HelicopterCustomization 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
Energy & Cleantech
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, favourable conditions for investment
Source: CzechInvest, 2014
Production of Electricity in the CR
Source: CzechInvest, 2014
Energy & Cleantech Selected Investors
Source: CzechInvest, 2014
Information Technologies
Information TechnologiesEurope’s top location for outsourcing IT Services & Development
Strong inflow of high-added-value projects of top ICT companies
Source: CzechInvest, 2014
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
Life Sciences
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
Life Sciences – Selected Investors
Source: CzechInvest, 2014
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]
Thank you for your attention.www.czechinvest.org
Jan Fried | Director of East Coast Operations, [email protected] @jan_fried
Questions