Purchasing the Czech Republic – Outdoors of Prague – Part 2: Olomouc Property

Olomouc is a superb option for property investors and following

is really a profile from the city. Individuals individuals who’ve read my e-newsletter before know my dispassionate

type of presenting things here would be the details on Olomouc because they may affect investors…

Area: 103.36 km2

Population (latest data December 31, 2003): 101,268

Distance from important European and Czech metropolitan areas:

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 second Q): 18 763 CZK

Education: 16% of residents in Olomouc have College level education

Climate in The month of january: – 2°C to -4°C

Climate in This summer: 15°C to 19°C

Foreign Investors in Olomouc

(in no way comprehensive, merely a sampling)

Investor (Country) / Business Activity / Year /Employees (2004)

Nestle Cesko, s.r.o. (Europe) / Manufacture of chocolate and chocolate candies / 1992 / 800

Foundeik, s.r.o. (The country) / Foundry / 2000 / 215

M.L.S. Holice, spol. s.r.o. Group Leroy (France) / Manufacture of alternators purchase, maintenance and repairs of rotating electric motors / 1922 / 770

Mora Aerospace, a.s. (USA) / Development, designing, production, testing, maintenance, repairs, modifications and construction changes from the aviation technique / 1999 / 640

Mora Moravia a.s. (Slovakia, Hungary) / Manufacture and purchase of cooking technology appliances / 1996 / 640

Senior Automotive Czech, s.r.o. (United kingdom) / Manufacture of formed aluminum and steel pipes for that automotive industry / 2001 / 260