Prague is a marvellous place to invest

Prague is a marvellous place to invest

The first thing that is to be said is that the Czech Republic`s capital, Prague, was always an integral part of the European and world history and cultural life. Prague is acknowledged to be one of the most breathtaking capitals across the globe.

One cannot deny the fact that many gifted people paid tribute to this magical city. Tchaikovsky, Dostoevsky, Mozart, Beethoven and other gifted creators visited Prague and experienced its irresistible attractiveness.

It`s indispensable to notice that in 1992 the United Nations Educational, Scientific and Cultural Organization (UNESCO) decided that the historical centre of Prague should be ranked as a World Historical and Cultural Heritage. Being a verily inestimable urban environment, the capital of the Czech Republic entered the top nine Cities of Culture on the 2000 Council list of Europe.

Doubtless, Prague is a unique collection of remarkable historical monuments, for instance, towers of Prague Castle majestically tower over the city. All artistic and architectural styles have merged together in the out-and-outer exterior of the capital. The primary historical monuments, museums, theatres and galleries are concentrated near the Vltava River.

The Czech Republic is emphasized to be a more affordable alternative to Austria and Germany: there are no territorial restrictions for foreign investors (the described situation takes place in Austria). Furthermore, commercial and residential real estate is cheaper than in Germany, so investment in Prague is a perfect idea for those who want to make a profit.

According to Eurostat, the Gross Domestic Product of the Czech Republic grew by an average of 0.9 percentage points faster than the EU as a whole in the past ten years.

In its entirety, the unemployment rate in the Czech Republic is one of the lowest in the European Union. In June 2017 the quantity of unoccupied in the Czech Republic decreased to 2.9%. This is less than in Germany (3.8%) and Austria (5.2%).

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