evidoria

← Back to browse

Good practice Imported

CzechInvest

Czechia · Prague · See the Czechia profile · See the Prague profile

Evidence: Descriptive / self-reported Top 76% 57/100 · Ask Evidence Copilot about this practice

Since 1992, CzechInvest has brokered investment deals; 2024 figures (28 projects, ~CZK60bn, 3,400+ jobs) are independently corroborated, including onsemi's record chip-plant expansion - though its CEO admits permitting and grid bottlenecks persist.

28 projects
Investment projects negotiated (2024)
~60 CZK billion
Value of investment projects negotiated (2024)
3,400+ jobs
Jobs expected from 2024 investment projects (2024)
>70 %
Share of 2024 projects from existing investor expansions (2024)
46 CZK billion (~USD 2 billion)
onsemi Roznov pod Radhostem plant expansion value (flagship deal)
1,700 to 3,000 jobs
onsemi expected employment growth (flagship deal)
>6 CZK billion/year
onsemi projected annual GDP contribution once complete (projected)
361 CZK million
Cumulative arranged investment (founding year) (1993)
~1 CZK trillion
Cumulative arranged investment (25th anniversary) (2017)
CzechInvest

Details

Maturity
Established
Promoter
CzechInvest — Ministry of Industry and Trade of the Czech Republic
Period
1992–present
Region (NUTS)
CZ01
Keywords
Foreign direct investment, business growth, investment incentives, SME/startup support

Context

CzechInvest is the Czech Republic's national investment and business development agency, founded on 1 November 1992 under the Ministry of Industry and Trade, with a mandate spanning foreign direct investment attraction, domestic company growth support, and investment incentives administration.

Activities

CzechInvest negotiates investment projects, administers investment incentives, and supports both new foreign direct investment and expansions by existing investors, working alongside the CzechTrade Offices network.

Results

In 2024, CzechInvest negotiated 28 investment projects worth approximately CZK 60 billion, expected to create 3,400+ jobs, with over 70% representing expansions by existing investors. The flagship deal was onsemi's silicon-carbide plant expansion in Roznov pod Radhostem, worth roughly CZK 46 billion (USD 2 billion), expected to grow employment from 1,700 to 3,000 and contribute over CZK 6 billion a year to Czech GDP once complete. Cumulative arranged investment grew from CZK 361 million in 1993 to roughly CZK 1 trillion by the agency's 25th anniversary in 2017.

Conclusions

CzechInvest's CEO has publicly acknowledged that industrial-park readiness, permitting speed, and electricity-grid access remain constraints on further growth. An independent Eurofound EU PolicyWatch case study found 'no involvement' of social partners such as unions in programme design.

Implementation
Indicative cost
High (€500k–€5M) — No public administrative budget figures cited; deal values negotiated in 2024 totalled ~CZK 60 billion across 28 projects.
Time to results
Long (> 3 years) — Founded 1 November 1992; cumulative arranged investment grew from CZK 361 million (1993) to ~CZK 1 trillion by the 25th anniversary (2017).
Staffing & skills
Operates under the Ministry of Industry and Trade since 1 November 1992, CzechTrade Offices network supports investment promotion abroad

Conditions for success

  • Investment incentives administration alongside FDI attraction and domestic scale-up support
  • Long-term institutional consistency of national investment promotion (over 30 years)

Common failure modes

  • CEO acknowledged industrial-park readiness, permitting speed, and electricity-grid access remain constraints on further growth
  • Independent Eurofound case study found 'no involvement' of social partners such as unions in programme design

Commonly funded by

National / regional programmes

Indicative funding routes for practices of this type — always check each programme's current calls and eligibility rules.

Do you run this practice? Claim it — verified implementers get a public contact pathway and can propose corrections.

Data sources

Where this practice's information was retrieved from, and when.

Attachments

Similar practices you may find useful

★ 38

HIPA

Hungary

Since 2014, Hungary's HIPA has brokered 2,305 investment projects worth over EUR66bn; 2025's record EUR7bn/108 projects is confirmed by two …