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Investors favor leasing to property purchasing
Tuesday, August 04, 2009, Martina Marečková
Investors until recently preferred to purchase land and build their own facilities, but over the past two years demand for leasing space has increased by one-third, a survey...
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Mexx Reality holds e-auction
Tuesday, August 04, 2009, Martina Marečková
Czech real estate broker Mexx Reality organized its first electronic auction to sell properties July 30. The company does not agree with the opinion that the selection of...
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Atrium to open at end of 2009 in Hradec Králové
Tuesday, August 04, 2009, Martina Marečková
Developer Amádeus Real plans to open the shopping center OC Atrium in Hradec Králové, East Bohemia, in November. The shopping center will house more than 40 shops and food outlets...
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Hochtief net profit up in 2008
Tuesday, August 04, 2009, Martina Marečková
Hochtief CZ, the Czech subsidiary of Germany’s largest builder Hochtief, last year reported an increase in net profit to Kč 118 million from Kč 109 million in 2007 on revenues of...
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Czech home prices continue to fall
Wednesday, July 29, 2009, Martina Marečková
Home prices in the Czech Republic fell 5.5 percent in the second quarter of 2009 compared with Q1 2009, according to data released last week by the Czech Statistical Office (ČSÚ).
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Relocation a new trend
Wednesday, July 29, 2009, Martina Marečková
The Czech industrial property market in the second quarter was characterized by low demand, an increasing vacancy rate and decreasing rents, according to property consultancy DTZ.
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Kotva revitalization underway
Wednesday, July 29, 2009, Martina Marečková
Prague shopping center Kotva is going ahead with interior refurbishment while it remains in operation. Kotva, which opened 35 years ago, is located opposite the Palladium mall in the city center.
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Pricetown launches iDeveloper.cz
Wednesday, July 29, 2009, Martina Marečková
Pricetown in July launched iDeveloper.cz, a real estate portal focusing on listing new residential projects in the Czech Republic. Pricetown already operates the real estate portal bezrealitky.cz.
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Czech construction sector continues to suffer
Tuesday, July 21, 2009, Martina Marečková
The Czech construction market slumped 2.1 percent in May, data released by the Czech Statistical Office (ČSÚ) revealed.
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Strabag’s net profit up at Kč 205.8 million
Tuesday, July 21, 2009, Martina Marečková
One of the largest construction companies in the Czech Republic Strabag posted Kč 205.8 million (€7.9 million) net profit in 2008, up by more than Kč 40 million against 2007, the...
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Jurys Inns hotel hits mainland
Tuesday, July 21, 2009, Martina Marečková
Irish hotel group Jurys Inns Group is opening the first Jurys Inns hotel on mainland Europe in Prague. Jurys Inns is scheduled to open Sept. 1. The 214 bedroom, nine story hotel...
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Office supply grows, but not prices
Tuesday, July 21, 2009, Martina Marečková
Development activity has slowed down across all the property segments in the Czech Republic but some projects are still underway. Some 42,000 square meters of new office space was...
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Activity on property investment market to pick up
Thursday, July 16, 2009, Martina Marečková
The commercial property investment market saw transaction volumes down across the European region over the past six months with not a single institutional transaction closed on...
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Time to remodel failing malls
Wednesday, July 15, 2009, Martina Marečková
Although the first large modern shopping centers opened in Prague only about a decade ago, some of them have been struggling during recent years and are already on the verge...
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Alternatives to generic shopping centers needed
Tuesday, July 14, 2009, Martina Marečková
While some segments of the Czech retail market and selected locations in the country are considered to be saturated, experts say there is room for fresh competition in all...
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NEWS

Austria to open labor market

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5/5/2010 12:00:00 AM   Restrictions on Czechs’ employment in Austria will end on May 1, 2011, Austrian Foreign Minister Michael Spin  more...

Responsibility for the state debt

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5/4/2010 12:01:00 AM   The Czech national debt is rising to astronomical heights, while in 1993 the country did not pay a single cro  more...

Police accuse Supreme Audit Office head

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5/3/2010 12:02:00 AM   The Czech anti-corruption police on April 27 accused Supreme Audit Office (NKÚ) head František Dohnal of brea  more...
EXCHANGE RATES
CNB - Actual to date  Thursday, September 09, 2010
EUR EUR 1  24.680 CZK
USD USD 1  19.409 CZK
GBP GBP 1  29.885 CZK

More exchange rates...
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