Volume of foreign investments drops by one third in first half of 2010


The volume of foreign investments in the Czech Republic dropped by around one third in the first half of 2010, compared to the same period last year, according to data released by the state CzechInvest agency on Thursday. In the first six months of this year, foreign companies invested around 7 billion crowns, or nearly 360 million US dollars, compared to 10 billion in the same period a year earlier. A CzechInvest spokeswoman said foreign firms are most frequently investing in IT and software development. Some 4,500 jobs are expected to stem from these investments.