The Czech Republic is on target to attract foreign direct investment (FDI) amounting to some US$4 billion (CZK 110 billion) in 2003 and US$3-5 billion in the coming years, head of the Czech Invest agency said.
A recent analysis by the CSOB Bank showed the Czech Republic leading the Central and Eastern European region in terms of per capita FDI. The Czech Republic share of FDI stood at nearly Ђ4,000 or US$4,400 per capita as of mid-2003. Total FDI in the Czech Republic to date amounts to some US$45.4 billion. According to a recent survey by Eurostat, FDI accounts for some 10 % of Czech GDP, which is double the EU average.
Source: Interfax
