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Global flows of foreign direct investment in the year 2000 soared by 18 percent to a record 1.3 trillion USD. However, this year the trend is expected to be reversed, according to the World Investment Report of 2001 which was presented by the United Nations Conference on Trade and Development. The report was presented in 70 cities around the world, including on Tuesday the Czech capital Prague.

Later on, we'll be asking economic analysts what impact they expect the New York tragedy will have on both the global and the Czech economy. But first, let's quickly run through some of the latest news and statistics.

In this week's edition of the Economic Report, Vladimir Tax talks to the members of the Viva Etika coalition, an initiative set up to improve business ethics in the Czech Republic.