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    Prague
    5
    nov 2018
    Czech National Bank - Commodity Exchange (Plodinová burza) building
    Senovážné nám. 30
    Prague
    Czech Republic

    EUR 25 billion and 240 projects in 25 years – EIB Group celebrates quarter of a century in the Czech Republic and presents findings of its investment survey.

    >@EIB
    ©EIB

    On 5 November the EIB, in cooperation with the Czech National Bank, held a conference on investment in the Czech Republic. Since the start of its lending operations in the country in 1993, the EIB has approved EUR 24bn for 195 projects in the country. In addition, the EIF has approved 45 deals amounting to nearly EUR 1bn. The EIB presented the key findings of the 2018 EIB investment survey stating that the investment back in the Czech Republic has reached pre-crisis levels. The survey also confirmed that a lack of skilled staff remains a pressing issue and that only 6% of Czech firms invest in R&D, while the labour market is getting tighter

    “Over quarter of a century the EIB Group has definitely made its mark in the Czech Republic”, said the European Investment Bank Vice-President Vazil Hudák, during a visit to Prague. “We have financed important pieces of transport, energy and social infrastructure, supported SMEs and targeted climate change. However, investment levels in the country are still not high enough. Our latest survey indicates that Czech companies would benefit from higher investment in education, skills and innovation to strengthen the country’s competitiveness and create high-quality jobs.”

    EIBIS – EIB Investment Survey 2018 – Czech Republic

    According to the annual EIB Investment Survey that interviewed 401 firms in the Czech Republic, Czech firms remain optimistic about the investment outlook. 91% of firms invested last year and on balance, Czech firms expect to keep the same level of investment in 2018. EIBIS results show that the main reasons for investing in the next three years are replacement and capacity expansion, with the manufacturing sector more prone to invest to develop new products and processes. In addition, innovation is mostly a matter of adoption of innovation. Czech firms invest relatively less than the EU average in intangibles, but manage to have an innovation profile similar to the EU average. The only exception is the higher share of firms adopting innovations, which is a rather typical feature throughout CESEE.