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The Czech Republic - The Next Boom in the IT Sector.

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Presentation on theme: "The Czech Republic - The Next Boom in the IT Sector."— Presentation transcript:

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2 The Czech Republic - The Next Boom in the IT Sector

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4 Czech Technology  One of the Most Industrially Developed Economies in Europe before 2 nd World War  Technical University in Prague since 1707  Mobile Technology Penetration – 98%, wide usage of text messaging and wireless Internet connections  Connectivity to the Internet – 2% above EU Average  Internet Selling and Buying – 10% above EU Average

5 The Czech Republic - The Next Boom in the IT Sector SPECIALIZATION RANK Source: International Trade Centre Non-electronic machinery13 Transport equipment14 Basic manufactures18 Miscellaneous manufacturing19 Electronic components21 IT & Consumer electronics25 Textiles28 Wood products45 Chemicals46 Leather products72 Clothing85 Processed foods99 Minerals103 Fresh food143 Rank 1 indicates that the country has the highest specialization index in the world for the sector

6 The Czech Republic - The Next Boom in the IT Sector Czech Computer Technology  INVEX – Annual Computer Trade Show – Brno, October  Ranked Among 4 Largest Industry Shows  641 Exhibitors  135 000 Visitors  Among Visitors – Bill Gates

7 The Czech Republic - The Next Boom in the IT Sector Invex Brno Hardware Software Office Equipment Telecommunications Internet and Internet Services Audio-video Systems Services Invex Classic Invex Business Invex Home Invex Game

8 The Czech Republic - The Next Boom in the IT Sector Fastest Growing IT Companies in Central Europe 1.Brain Systems (Czech Republic) 2.Fractal (Czech Republic) 3.Internet Info (Czech Republic) 4.Logos (Czech Republic) 5.TES Media (Czech Republic) 6.ICON (Hungary) 7.Marketlink (Hungary) 8.Lursoft IT (Latvia) Source: Deloitte & Touche

9 The Czech Republic - The Next Boom in the IT Sector IBM Companies Already in the Czech Republic

10 The Czech Republic - The Next Boom in the IT Sector Intellectual Capital  One of the highest number of graduates in science and engineering in worldwide*  6,000 Computer and science related graduates per year  Prague’s CVUT: Largest technical university in Europe (22,000 Students) * As % of total university degrees awarded

11 The Czech Republic - The Next Boom in the IT Sector Average Wages (Specific Jobs 2001) 8.4 8.2 5.2 3.8 6.7 0 5 10 15 20 AccountantScience engineer Technical engineer Skilled operatorOperator Czech republic Poland Hungary Source: Kienbaum Consultants International, 2002 (´000 USD)

12 The Czech Republic - The Next Boom in the IT Sector DublinBudapestPrague 0 20K 40K 60K 50,000 23,000 21,000 FULLY LOADED COSTS PER EMPLOYEE/YEAR (IN EUR) Source: Shared Services Centers, Economist, 2/2003 Economist Analysis

13 The Czech Republic - The Next Boom in the IT Sector India Malaysia China Czech Republic Singapore 1 2 3 4 5 Overall Rankings (2) (2) 25 Countries Ranked – Bottom 5 were Russia/Spain/Ireland/Israel/Turkey Factors: People Skills and Availability/Business Environment/Financial Structure Making Offshore Decisions A.T. Kearney’s 2004 Offshore Location Attractiveness Index AT KEARNEY Analysis

14 The Czech Republic - The Next Boom in the IT Sector Singapore Malaysia Czech Republic India China 1 2 3 4 5 People Skills and availability “ The Czech Republic is a rising star in the region due to its competitive infrastructure costs, stable business environment and particularly strong educational system.” (3) Making Offshore Decisions A.T. Kearney’s 2004 Offshore Location Attractiveness Index (3) Page 8, AT Kearney 2004 Location Attractiveness Index (www.ATKearney.com) AT KEARNEY Analysis II.

15 The Czech Republic - The Next Boom in the IT Sector Czech IT services market $770Million 11.4% year on increase (2002-2003) Projected to surpass $1Billion by 2005 The Czech Republic continues to be the most advanced IT market in Central Europe IDC Analysis

16 The Czech Republic - The Next Boom in the IT Sector The Czech Republic is the most advanced IT market in Central Europe Member of EU Increasingly Technology Driven Economy Skilled Cost Effective Workforce with an Excellent University Background High Productivity Well Developed Infrastructure Multilingual Workforce, Similar Cultural Background

17 The Czech Republic - The Next Boom in the IT Sector CzechTrade Trade Promotion Organization managed by the Ministry of Industry and Trade of the Czech Republic Established in 1997 Our mission: to promote and support bilateral trade and co- operation among industrial companies and organizations to seek business opportunities and contacts for the Czech firms in other countries

18 The Czech Republic - The Next Boom in the IT Sector Services For You – All Free of Charge! Supplier Search Have you considered the Czech Republic when looking for new or alternative suppliers? Let us know what products or services you are looking for and we will find the most suitable Czech companies for you. Please visit www.supplier.czwww.supplier.cz Business Visits We will organize appointments with Czech companies for you in the Czech Republic. Contact your local CzechTrade office or e-mail us at supplier@czechtrade.cz International Sales Leads Would you like to offer your products or services to Czech companies? Get registered at www.czechtrade.cz/SalesLeads.

19 The Czech Republic - The Next Boom in the IT Sector THANK YOU FOR YOUR ATTENTION! Ivana Ingram The Merchandise Mart # 938 Chicago, IL 60654 (312) 644-1790 chicago@czechtrade.cz www.czechtrade.cz


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