Brno—Czech Republic’s second-biggest city by economic activities and third-largest city by area—is the capital of the South Moravian Region. It is situated in the central part of Europe and within its 200-kilometer radius lie other important European capitals: Prague, Vienna, and Bratislava.
As the growth engine of the Southern Moravian region, this city hosts a wide range of universities and institutions, and is the second-largest center of education in the Czech Republic. The large number of universities here attracts graduates who prefer to remain here rather than move to Prague. This region’s highly qualified workforce -talented information technology professionals- is fluent in multiple languages.
In recent years, Brno has become an investors' base with relatively new types of foreign investments such as technology parks, developmental and shared service centers, and voice service centers. This capital offers advantageous state and city support for investment and a qualified and adaptable workforce at favorable labor costs.
Brno achieves the second highest amount of direct foreign investment in the country, after Prague. With the arrival of foreign investment, there has been a marked expansion in strategic services.
Czech Technological Park of Brno is a joint investment by the City of Brno and the British multinational firm P&O, in close cooperation with Brno Polytechnic University. It provides home to a number of leading companies, including Honeywell Controls, Siemens, Star 21 Networks, Bobst Eastern Europe, SGI, Bovis Lend Lease, Southern Moravia Center for Innovation, Timken Czech Republic, Vodafone Czech Republic, IBM Global Services Delivery Center Czech Republic, Control Techniques Brno, FEI Czech Republic, Phoenix Contact, ENERGO-PRO Czech, CSC Computer Sciences, and Symbol Technologies.
As competition between countries and regions for cross-border investment intensifies with some locations becoming expensive and some getting saturated, the Czech Republic has managed to maintain its position as one of the world’s most attractive locations for foreign direct investment (FDI).
As per Ernst & Young European Attractiveness Survey from 2009, Central and Eastern Europe is considered to be the most attractive business locations and rank ahead China, India, Russia, and Western Europe. The Czech market of information and communication technologies (ICT) recorded a turbulent growth in recent years.