CzechInvest

CzechInvest is the Czech Republic's national investment and business development agency, founded on 1 November 1992 under the Ministry of Industry and Trade and headquartered in Prague, building on the 1990 predecessor body FAFI. Its mandate spans attracting foreign direct investment, supporting the growth of domestic companies and startups, and administering investment incentives, operating through roughly 8-9 foreign representative offices plus regional offices across the country (czechinvest.gov.cz; eurofound.europa.eu).

In 2024 the agency negotiated 28 investment projects worth nearly CZK 60 billion, expected to create more than 3,400 jobs - a roughly threefold increase in both project count and value versus the prior period, with over 70% representing expansions by existing investors. These figures were independently republished by the Czech trade-promotion network and the government's startup portal (czechinvest.gov.cz; czechtradeoffices.com; czechstartups.gov.cz).

The single largest 2024 deal was US chipmaker onsemi's roughly CZK 46 billion (USD 2 billion) expansion of its silicon-carbide plant in Roznov pod Radhostem - the largest company investment in modern Czech history - expected to raise plant employment from 1,700 to 3,000 and add over CZK 6 billion a year to Czech GDP once complete, independently confirmed by Fortune and Radio Prague International alongside onsemi's own investor release. Over the longer term, CzechInvest's own history page records cumulative arranged investment growing from CZK 361 million (1993) to roughly CZK 1 trillion by its 25th anniversary in 2017.

Two caveats are worth naming: an independent Eurofound (EU agency) case study found annual output fluctuates significantly (60-147 projects and 6,146-16,842 jobs per year, 2010-2019) rather than growing smoothly, and found 'no involvement' of social partners such as unions in programme design; and CzechInvest's own CEO publicly acknowledged in the March 2025 results release that industrial-park readiness, permitting speed and electricity-grid access remain constraints on further growth.

Read the full analysis: https://czechinvest.gov.cz/en/