Oecd Reviews of Foreign Direct Investment: The Czech Republic (Oecd Reviews of Foreign Direct Investment)

Overview Table of Contents Chapter 1 A. Foreign Direct Investment in the Czech Republic 1.1. Foreign Direct Investment Trends in the Czech Republic Table 1. FDI in the Czech Republic (in US$ million) Table 2. FDI in the Czech Republic Breakdown of the FDI stock (in US$ million) Table 3. Breakdown of FDI inflows, 1997-1999 (in US$ million) Table 4. Comparative indicators of FDI (US$ million and %) 1.2. Countries of Origin, Sectoral and Geographic Distribution Chart 1. FDI inward flows in the Czech Republic in 1999 – by country of origin Chart 2. FDI inward flows in the Czech Republic in 1999 – by sector Chart 3. FDI inward flows in the Czech Republic in the first half of the year 2000 – by country... Chart 4. FDI inward flows in the Czech Republic in 2000 – by sector Table 5. FDI stocks in the Czech Republic 1.3. Impact on the Czech Economy Table 6. Foreign investors’ share in equity Table 7. The top 10 Czech exporting companies Chart 5. The most important export products share in total exports in 1993, 1996, 1999 B. Czech Direct Investment Abroad Table 8. Czech investments abroad (in US$ million) 1.4. Host Countries and Sectoral Distribution Chart 6. FDI outward flows from the Czech Republic in 1999 by destination Chart 7. FDI inward flows in the Czech Republic in 2000 – by sector Chart 8. FDI outward flows from the Czech Republic in 2000 by destination Chart 9. FDI inward flows in the Czech Republic in 2000 – by sector C. Statistical Data and Methodology Chapter 2 A. General Legal Framework 2.1. Overview Box 1. Amended bankruptcy legislation 2.2. Changes in the Commercial Code 2.3. Real Estate B. Investment Promotion and Incentives in the Czech Republic 2.4. Investment Promotion 2.5. Investment Incentives Box 2. Investment incentives offered by the Czech Government C. Bilateral Investment Protection, Double Taxation and Other International Agreements Chapter 3 Sectoral Measures and Restrictions 3.1. Financial Sectors a) Banking Table 9. Number of banks according to groups of banks Table 10. Bank privatisation transactions Table 11. The ownership structure of Komercni Banka Table 12. Individual groups of banks b) Stock Exchange c) Insurance d) Pension Funds e) Other Financial Services 3.2. Non-financial Sectors a) Auditing b) Air Transport c) Gaming Chapter 4 Privatisation 4.1. Status Box 3. Institutions involved in the Privatisation Process Table 13. Breakdown of privatisation revenue from 1992 to mid-2000 4.2. Holdings in joint stock companies Table 14. Ownership structure in main business sectors of the Czech economy Table 15. Equity participation of the NPF in strategie companies as of 30 June 2000 Table 16. List of companies with “golden share” as of 30.6.2000 4.3. Opportunities and Restrictions a) Strategic joint-stock companies b) Non-strategic joint-stock companies: c) The NPF plans to sell other additional assets (movable and immovable, excluding shares)... 4.4. Future Strategy Chapter 5 A. Monopolies and Concessions Table 17. Monopolies and concessions in the Czech Republic 5.1. Power Industry 5.2. Gas Industry 5.3. Postal Services and Telecommunications a) Postal Services b) Telecommunications 5.4. Transport Services 5.5. Agriculture 5.6. Mining 5.7. Refineries B. Government Procurement Notes Annex 1: The Czech Republic’s Current Position under the Code of Liberalisation of Capital Movements... Annex 2: Investment Protection, Double Taxation and Other Agreements with the Czech Republic Annex 3: Foreign Direct Investment Statistics Annex Table 1. Direct investment from abroad in OECD countries: inflows Annex Table 2. Direct investment abroad from OECD countries: outflows Annex Table 3. Direct investment from abroad in OECD countries: inflows Chart A1. Direct Investment from abroad in OECD countries:inflows Annex Table 4. Direct investment abroad from OECD countries: outflows Chart A2. Direct Investment from OECD countries: Inflows Annex Table 5. Direct investment in OECD countries: inward and outward positions (at year-end) Annex Table 6. Czech Republic – Direct investment from abroad: inward position by industrial sector The Czech Republic entered the transition process with a strong industrial heritage and an extensive, but obsolete infrastructure showing the effects of over 40 years of central planning. Throughout the nineties, the extensive reforms undertaken have helped reintegrate the Czech Republic into the global economy through measures such as privatisation and the creation of a favourable and liberal investment climate which has led to a surge in FDI in recent years in particular. The Czech Republic became a Member of the OECD in 1995. The Czech government is committed to addressing the need for fur