georgia trade mission to the czech republic - world trade center atlanta

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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 13 th 2013

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Slides from the event "Opportunities in the Czech Republic and Poland" held at the World Trade Center Atlanta

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Page 1: Georgia Trade Mission to the Czech Republic - World Trade Center Atlanta

Georgia Trade Mission to the Czech Republic Jan Fried | Director of East Coast Operations, USAWorld Trade Center Atlanta, Georgia, August 13th 2013

Page 2: Georgia Trade Mission to the Czech Republic - World Trade Center Atlanta

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

Page 3: Georgia Trade Mission to the Czech Republic - World Trade Center Atlanta

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

Page 4: Georgia Trade Mission to the Czech Republic - World Trade Center Atlanta

Reasons to Invest in the Czech Republic

Source: CzechInvest, 2014

Page 5: Georgia Trade Mission to the Czech Republic - World Trade Center Atlanta

- 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

Page 6: Georgia Trade Mission to the Czech Republic - World Trade Center Atlanta

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

Page 7: Georgia Trade Mission to the Czech Republic - World Trade Center Atlanta

- 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

Page 9: Georgia Trade Mission to the Czech Republic - World Trade Center Atlanta

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

Page 10: Georgia Trade Mission to the Czech Republic - World Trade Center Atlanta

Significant Investors

Source: CzechInvest, 2014

Page 11: Georgia Trade Mission to the Czech Republic - World Trade Center Atlanta

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

Page 12: Georgia Trade Mission to the Czech Republic - World Trade Center Atlanta

Aerospace Industry

Page 13: Georgia Trade Mission to the Czech Republic - World Trade Center Atlanta

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

Page 14: Georgia Trade Mission to the Czech Republic - World Trade Center Atlanta

(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

Page 15: Georgia Trade Mission to the Czech Republic - World Trade Center Atlanta

Energy & Cleantech

Page 16: Georgia Trade Mission to the Czech Republic - World Trade Center Atlanta

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

Page 17: Georgia Trade Mission to the Czech Republic - World Trade Center Atlanta

Production of Electricity in the CR

Source: CzechInvest, 2014

Page 18: Georgia Trade Mission to the Czech Republic - World Trade Center Atlanta

Energy & Cleantech Selected Investors

Source: CzechInvest, 2014

Page 19: Georgia Trade Mission to the Czech Republic - World Trade Center Atlanta

Information Technologies

Page 20: Georgia Trade Mission to the Czech Republic - World Trade Center Atlanta

Information TechnologiesEurope’s top location for outsourcing IT Services & Development

Strong inflow of high-added-value projects of top ICT companies

Source: CzechInvest, 2014

Page 21: Georgia Trade Mission to the Czech Republic - World Trade Center Atlanta

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

Page 22: Georgia Trade Mission to the Czech Republic - World Trade Center Atlanta

Life Sciences

Page 23: Georgia Trade Mission to the Czech Republic - World Trade Center Atlanta

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

Page 24: Georgia Trade Mission to the Czech Republic - World Trade Center Atlanta

Life Sciences – Selected Investors

Source: CzechInvest, 2014

Page 25: Georgia Trade Mission to the Czech Republic - World Trade Center Atlanta

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]

Page 26: Georgia Trade Mission to the Czech Republic - World Trade Center Atlanta

Thank you for your attention.www.czechinvest.org

Jan Fried | Director of East Coast Operations, [email protected] @jan_fried

Questions