Come back
Technology and Innovation
The Czech Republic is increasingly known for its achievements in technology. Companies in the fields of cybersecurity, software development, and digital services find a favorable environment for growth here. The growth rates of the country’s tech sector exceed the EU average, making it an attractive niche.
Automotive Industry
The Czech Republic is a Europe-oriented industrial country. The industrial sector accounts for about 33% of GDP, with the automotive industry being the main sector. As home to major manufacturing giants, this industry significantly contributes to GDP growth and exports. Key automotive manufacturers include:
- Škoda Auto: The most famous car manufacturer in the Czech Republic, part of the Volkswagen Group. Škoda Auto has several manufacturing units in the Czech Republic, including the main plant in Mladá Boleslav.
- Toyota Peugeot Citroën Automobile Czech (TPCA): A joint venture between Toyota and PSA Group (Peugeot, Citroën), located in the city of Kolín. The plant produces small cars for both brands.
- Hyundai Motor Manufacturing Czech: Located in the city of Nošovice, this plant is part of the South Korean Hyundai Motor Company. It specializes in the production of several Hyundai models for the European market.
Companies involved in automotive parts, advanced manufacturing technologies, and components for electric vehicles can benefit from this market.
Renewable Energy
The shift towards sustainable energy opens new opportunities. The Czech government’s commitment to reducing carbon emissions by 2030 corresponds to the growing demand for renewable energy solutions, especially in solar and wind energy.
Tourism
With its rich cultural heritage and picturesque landscapes, the Czech Republic has long been a popular tourist destination. The tourism sector, recovering after the pandemic, offers various opportunities in premium hotel services, exciting travel routes, and cultural tourism.
Agriculture and Food Processing
The country’s strong agricultural sector, known for high-quality produce, supports a thriving food processing industry. There is a growing number of companies focused on organic food production with a commitment to sustainable practices for future generations.
Economic Indicators
The Czech economy is characterized by low unemployment rates and stable GDP growth, making it attractive for investments. The country’s strategic location in Europe provides access to key markets, increasing its appeal to multinational companies.
