Cyprus is largest FDI investor to Czech Republic in H1.

By bne IntelliNews October 19, 2010
Cyprus was the largest FDI investor to the Czech Republic in H1, an analysis by the industry and trade ministry showed. The largest FDI volume of CZK 19.6bn was allocated to the financial intermediation sector - FDI to the sector represented 24% of the total FDI entering the country - CZK 80.2bn (EUR 3.1bn, surging by 72% y/y) in H1, newswire CTK reported. Second ranked the manufacturing industry with CZK 12.9bn worth of FDI. Reinvested profits and investments to other capital accounted for most of the FDI, reaching CZK 41.9bn and CZK 31.3bn, respectively. Austria invested CZK 13.8bn into reinvested profits, Germany - CZK 9.1bn, France - CZK 7.8bn and Belgium - CZK 4.1bn. By contrast, investments into the share capital of companies were low, amounting to only CZK 6.9bn, due to the impacts of the economic crisis and the sentiment of investors to seek opportunities on rapidly developing, mainly Asian, markets.

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