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Education levels of the Czech workforce are far better than it’s European competitors.  Nearly 86% of the Czech labor force has completed secondary education.  This compares to only 64% for the average of OECD member countries.  In fact, the secondary education completion achievement is second only to the United States (OECD members).  To strengthen the argument, the education statistics favor the younger side of the workforce, assuring a quality labor force for years to come.  In addition to being well educated,  the Czech workforce is very productive.  A typical Czech worker completed 1,976 hours in 2000, which is just 40 hours less than the typical American worker and a full 300 hours more than the typical German worker [2] .

With dollars flowing in and an educated workforce, there has to be a strong infrastructure to accommodate the technology that modern businesses demand.  The Czech Republic is dedicated to investing in its technological infrastructure.  Czech spends as much on information technology as any EU country and more than any country in its region [3] .

Investment incentives are another reason the Czech Republic is a competitive location for Foreign Direct Investment.  For manufacturing, incentives include corporate tax relief, job-creation grants, as well as training related grants.  For technology and service related businesses, the Czech has invested in Technology Centers that provide support for business activities such as software development, call centers, and high-tech repair centers.

The cost of labor is yet another key selling point for direct-investment in the Czech Republic.  In most key skill levels, and particularly management, it is cheaper to operate in the Czech Republic, paying Czech wages at Czech productivity levels, than in the competing Central European countries [4] .

Average Annual Total Cash in USD