Investment in northern europe
To the board of directors: “Potential investment analysis in Czech Republic” Introduction The opening to foreign capitals, the creation of small private companies with few employees and the recourse to trade exchanges already took place in the former socialist systems during the 20’s but they are in itself not a proof of a change in the economic logic or system. ... What has been happening since ten years in Eastern Europe is a sort of “alignment” to the “liberal world-wide application”. ... The example of Europe for its democratic traditions and “social experience” were used to help the reforms go through discontent. ... The situation in Eastern Europe is not so simple, all these “post soviet” countries and population had to prove they had broken off with the past and privatizations are often presented as being the only solution to cope with bureaucracy. Theoretically the more you are open to privatization the more you will be a “target” for foreign direct investments and better the country will feel… Foreign Direct Investments Billions $ $/hab Bulgaria 3,4 411 Czech republic 21,1 2 056 Estonia 2,8 2 011 Hungary 19,9 1 971 Latvia 2,1 871 Lithuania 2,3 634 Poland 36,5 942 Romania 6,4 287 Slovak republic 4,9 909 Slovenia 2,9 1 440 (Source : World Investment Report 2001 (CNUCED), Berd) For the last 15 years there have been lots of investments in Eastern Europe particularly in Hungary, Poland and Czech Republic. ... There are different types of possible investments in Eastern Europe: FDI have to be stable, you have to create a new company or be in possession of 10 % of the shares. ... Portfolio investments are more volatile and can create fluctuations; they are not as stable as the foreign direct investments… Next to the private investors, we can also find organizations like the European Bank for Research and Development, the United Nation, the OECD, national banks or even specialized banks like Raiffeisen KAG… Czech Republic The Czech Republic is a land-locked country situated in Central Europe, with advanced industries, intensive agriculture and a developed highway and railroad network, enabling easy connections to the whole of Europe. ... The main cause of this trend, which can be considered positive compared to other European economies, is high consumer confidence and the continued high level of investment, above all by foreign companies. Foreign direct investment reached a record EUR 8. ... As a country with a long industrial tradition, the Czech Republic remains attractive for foreign investment despite the economic downturn in Europe. ... Just like the previous government, the new Government under Prime Minister Spidla sees the promotion of foreign direct investment through the government agency CzechInvest as a focus of its economic policy. ... Trade in industrial goods with EU states is conducted largely without duties and non-tariff trade barriers on the basis of the Europe agreement. ... Investment climate The basic regulation for business carried on by foreigners in the CR was laid down in the Act No. ... edu/maps/europe. ... Membership of international organizations: UN and specialized agencies (except IFAD), NATO, GATT, OSCE, Council of Europe, OECD, CEFTA, Central European Initiative, accession treaty with the EU agreed and signed in Athens on 16 April 2003 Media: Television: (a) public: Ceska televize with two channels (b) commercial stations: NOVA-TV, Prima Radio: (a) public: Cesky rozhlas with seven stations (b) commercial: Frekvence 1, Radio Impuls (nationwide), Evropa 2, as well as some 60 regional radio stations High-circulation dailies (July 2003): Blesk (tabloid, 458,523), Mlada Fronta Dnes (309,858), Pravo (189,362) Regional papers: Deniky Bohemia/Moravia (approx.