The Czech Republic is almost constantly battling against its CEE neighbors to attract large foreign investors for whom government incentives such as tax breaks can be decisive when choosing a location for an investment venture. In given the current economic climate and downturn in investments less-developed regions especially would benefit from large inflows of investment capital, writes Jindra Předotová, a consultant at Deloitte Advisory.

Building work has begun on a new production hall at Hyundai’s plant in Nošovice, Moravia-Silesia, after the regional administration rejected several objections an issued planning permission. The South Korean car maker wants to launch production at the new hall in the autumn and take on 650 new employees before the end of the year and a further 250 in 2012.