R&D investment leaders include ŠKODA, Continental, Valeo

Published: 22.06.2022 Related countries:  Israel Israel

Support of foreign investments is of crucial importance for the Czech Republic

ŠKODA AUTO, Continental, Valeo, Honeywell International and GE Aviation Czech invest the most in research and development (R&D) in the Czech Republic. This follows from CzechInvest data, according to which a large number of research centers is located in the Central Bohemian and South Moravian regions. Domestically, Czech companies invest about 60 % of expenditures in R&D while foreign-owned companies achieve higher numbers, and CzechInvest's clients specifically spend up to 70% of their expenditures on research and innovation. Therefore, according to the agency, the support of foreign investments is of crucial importance for the Czech Republic.

Source: ČIA News

Prepared by the team of CzechTrade