Investing in the Czech Republic – Outside of Prague – Part 2: Olomouc Property
Olomouc is an excellent choice for real estate investors and following
is a profile of the city. Those of you who have read my newsletter before know my dispassionate
style of presenting things so here are the facts on Olomouc as they may affect investors…
Area: 103.36 km2
Population (latest data December 31, 2003): 101,268
Distance from important European and Czech cities:
City /
kms
Brno / 76
Ostrava / 100
Prague / 277
Vienna / 198
Bratislava / 197
Warsaw / 474
Budapest / 389
Berlin / 500
Paris / 1 302
Average monthly salary for Olomouc region (2003): 15 491 CZK
Average monthly salary for Czech Republic (2003): 17 445 CZK
Average monthly salary for Czech Republic (2005 2nd Q): 18 763 CZK
Education: 16% of residents in Olomouc have University level education
Average temperature in January: – 2°C to -4°C
Average temperature in July: 15°C to 19°C
Foreign Investors in Olomouc
(by no means comprehensive, only a sampling)
Investor (Country) / Business Activity / Year /Employees (2004)
Nestle Cesko, s.r.o. (Switzerland) / Production of chocolate and chocolate candies / 1992 / 800
Foundeik, s.r.o. (Spain) / Foundry / 2000 / 215
M.L.S. Holice, spol. s.r.o. Group Leroy (France) / Production of alternators; sale, maintenance and repairs of rotating electric motors / 1922 / 770
Mora Aerospace, a.s. (USA) / Development, designing, production, testing, maintenance, repairs, modifications and construction changes of the aviation technique / 1999 / 640
Mora Moravia a.s. (Slovakia, Hungary) / Manufacture and sale of cooking technology appliances / 1996 / 640
Senior Automotive Czech, s.r.o. (UK) / Production of shaped aluminum and steel pipes for the automotive industry / 2001 / 260
SIWE, a.s. (Austria) / Production of forming, cutting and bending tools / 1992 / 143
TIMKEN Ceska Republika, s.r.o. (USA) / Production of needle and roller bearings for automotive and engineering industry / 2001 / 523
Skanska DS, a.s. (Sweden) / Construction of motorways, city roads, parking areas; construction and reconstruction of bridges, sewage systems / 1954 / 185
Exerion Precision Technology Olomouc, s.r.o. (Netherlands) / Metalworking and assembly of metal-frame structures and functional modules / 1998 / 110
Other Investment News
Schneider Logistics, a leading global logistics company, opened new shared services centre in Olomouc. Thanks to this million euro investment more than 300 new highly qualified jobs will be created here.
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