Brno

Economy of the City of Brno and its surroundings benefits a lot from its location which is one of the key factors in successful attracting foreign direct investments; the South Moravia Region has experienced a rapid economic growth in the recent years and the standard of living has started to rise. The South Moravia Region contributes by 10 per cent to the overall GDP of the country. The most of GDP is produced in the City of Brno and its surroundings; the share of the city is estimated on 55-60 per cent on the regional GDP. It is connected with the industrial and service basis of the city; on the contrary the remoted parts of South Moravia Region can be characterized by prevailing agriculture and food processing industry.