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Atricle Dump - Investing in the Czech Republic - Outside of Prague - Part 2: Olomouc Property
Why Having A Strong Internet Marketing Strategy Can Change Your Business
For some business owners, the definition of an Internet marketing strategy is merely having a website.While that may have worked ten years ago, trying to compete with 8 billion other web pages today will simply be ineffective. Without defining your key strategies, your site will have no power to bring in any leads, and ultimately no additional revenue.Creating a strong Internet marketing strategy can be accomplished by working on four tasks.1. Defining your target market. Just like in your traditional marketing, your online marketing clientele must be identified.Start with your current clientele. Every business has one type of client that serves them best. Think about that person, and take a few minutes to define their likes and interests. How are you reaching them in your traditional marketing?2. Discoveri
f the local plant Kappa Empack and – last but not lest – support of governmental organizations and representatives of local government,“ says Zden?k Suchitra, director of the Kappa Packaging plant in Olomouc.
For some business owners, the definition of an Internet marketing strategy is merely having a website.While that may have worked ten years ago, trying to compete with 8 billion other web pages today will simply be ineffective. Without defining your key strategies, your site will have no power to bring in any leads, and ultimately no additional revenue.Creating a strong Internet marketing strategy can be accomplished by working on four tasks.1. Defining your target market. Just like in your traditional marketing, your online marketing clientele must be identified.Start with your current clientele. Every business has one type of client that serves them best. Think about that person, and take a few minutes to define their likes and interests. How are you reaching them in your traditional marketing?2. Discoveri
The multinational company Head has decided to start the manufacture of skiing shoes in Litovel, Olomouc region. Head has acquired a factory in Litovel by reason of quick production start. Head plans to invest 2 million euros and create 120 jobs in the first phase.
Gerald Skrobanek, CEO Head Sport s.r.o. explained the reasons for this decision: “The advantage of the Czech Republic is mainly better logistics, but also higher labor productivity. Litovel offers an advantageous location and mainly experienced workers for our production technology. Mainly thanks to the very successful operations in the Czech Republic, the top management at Head decided not to move to the cheaper labor markets further to
How to Revitalize Your Nonprofit's Message
The human instinct to respond to the new and unusual is something that we as communicators have to work around. How do we best engage our audiences on a subject that's not new – a fundraising appeal for an existing program; an overview brochure on a service organization that's been around for fifty years, with pretty much the same focus; or marketing services that we've offered for over a decade?I've been doing a lot of thinking on this issue and was amazed when my rabbi sermonized on the same topic last Saturday. We had just witnessed a wonderful adult bat mitzvah (a Jewish coming of age ceremony, usually undertaken at age 13 but one that can be studied for at any point later in life if it was missed at 13). As a follow-up, the rabbi talked about the power of opportunities (like a bat mitzvah) that enable us to look at things in a ne
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…
The human instinct to respond to the new and unusual is something that we as communicators have to work around. How do we best engage our audiences on a subject that's not new – a fundraising appeal for an existing program; an overview brochure on a service organization that's been around for fifty years, with pretty much the same focus; or marketing services that we've offered for over a decade?I've been doing a lot of thinking on this issue and was amazed when my rabbi sermonized on the same topic last Saturday. We had just witnessed a wonderful adult bat mitzvah (a Jewish coming of age ceremony, usually undertaken at age 13 but one that can be studied for at any point later in life if it was missed at 13). As a follow-up, the rabbi talked about the power of opportunities (like a bat mitzvah) that enable us to look at things in a ne
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.
“We chose Olomouc mainly for its sufficient supply of qualified people. The new centre will serve customers of Schneider Logistics from all over Europe, which is why our demands, for example on employees’ language skills, are high,” commented Willem Jan van Vorstenbos, Managing Director of Schneider Logistics in Europe, and added: “Of course we intend to offer employees the most varied training relating to languages, accounting and working with our special software applications developed for processing invoices.”
Kappa Packaging opened a new plant for the production of packaging from backed corrugated board in the industrial zone Olomouc – Holice today. The new plant into which Kappa invested over 11 million euro will create more than 50 new jobs.
“The main factors behind the decision-making on the establishment of the new plant were the following: location in the heart of central Europe, know-how and skills of the original employees of the local plant Kappa Empack and – last but not lest – support of governmental organizations and representatives of local government,“ says Zden?k Suchitra, director of the Kappa Packaging plant in Olomouc.
The multinational company Head has decided to start the manufacture of skiing shoes in Litovel, Olomouc region. Head has acquired a factory in Litovel by reason of quick production start. Head plans to invest 2 million euros and create 120 jobs in the first phase.
Gerald Skrobanek, CEO Head Sport s.r.o. explained the reasons for this decision: “The advantage of the Czech Republic is mainly better logistics, but also higher labor productivity. Litovel offers an advantageous location and mainly experienced workers for our production technology. Mainly thanks to the very successful operations in the Czech Republic, the top management at Head decided not to move to the cheaper labor markets further to t
Are We Franchising the World for Franchise Sake
When discussing the coming franchising of all the Worlds nations starting with third world nations to bring them into the first world many have asked why? Why franchise the World? Are we franchising the World for franchising sake? Or is there a purpose and if there is a purpose do we have any buyers or customers and who might sign up for the first franchise?Well, first this is not franchising for Franchise sake really, in fact franchises do better thru team work, both the franchisor, the brand name and all the franchisee countries. It is a Win/Win and it works. Right now trade wars lead to real wars, animosity and such is the current norm. We have in fighting over ideology and fundamentalism so often leading to impossible and insurmountable impasse, in a franchise system there is more unity.You see, everyone is a buyer for the
re in January: - 2°C to -4°C When discussing the coming franchising of all the Worlds nations starting with third world nations to bring them into the first world many have asked why? Why franchise the World? Are we franchising the World for franchising sake? Or is there a purpose and if there is a purpose do we have any buyers or customers and who might sign up for the first franchise?Well, first this is not franchising for Franchise sake really, in fact franchises do better thru team work, both the franchisor, the brand name and all the franchisee countries. It is a Win/Win and it works. Right now trade wars lead to real wars, animosity and such is the current norm. We have in fighting over ideology and fundamentalism so often leading to impossible and insurmountable impasse, in a franchise system there is more unity.You see, everyone is a buyer for the
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.
“We chose Olomouc mainly for its sufficient supply of qualified people. The new centre will serve customers of Schneider Logistics from all over Europe, which is why our demands, for example on employees’ language skills, are high,” commented Willem Jan van Vorstenbos, Managing Director of Schneider Logistics in Europe, and added: “Of course we intend to offer employees the most varied training relating to languages, accounting and working with our special software applications developed for processing invoices.”
Kappa Packaging opened a new plant for the production of packaging from backed corrugated board in the industrial zone Olomouc – Holice today. The new plant into which Kappa invested over 11 million euro will create more than 50 new jobs.
“The main factors behind the decision-making on the establishment of the new plant were the following: location in the heart of central Europe, know-how and skills of the original employees of the local plant Kappa Empack and – last but not lest – support of governmental organizations and representatives of local government,“ says Zden?k Suchitra, director of the Kappa Packaging plant in Olomouc.
The multinational company Head has decided to start the manufacture of skiing shoes in Litovel, Olomouc region. Head has acquired a factory in Litovel by reason of quick production start. Head plans to invest 2 million euros and create 120 jobs in the first phase.
Gerald Skrobanek, CEO Head Sport s.r.o. explained the reasons for this decision: “The advantage of the Czech Republic is mainly better logistics, but also higher labor productivity. Litovel offers an advantageous location and mainly experienced workers for our production technology. Mainly thanks to the very successful operations in the Czech Republic, the top management at Head decided not to move to the cheaper labor markets further to
Home-Based Business Owners, You Need Insurance Coverage
When you start a home-based business, buying insurance may not be your first priority, but you cannot afford to ignore it either. When the unexpected happens -- and it will -- having insurance coverage may mean the difference between the success and failure of your home-based business.You may not require all types of insurance listed here, but taking some time now to consider your insurance needs can save you money and headaches in the future. Ultimately, after reading this article, the best way to determine your complete needs is to consult with your insurance agent. Explain to them the details of your home-based business and he or she should be able to determine the best insurance coverage for you (and any employees).Health InsuranceHealth insurance should be the first consideration for yourself and any employees you m
Production of shaped aluminum and steel pipes for the automotive industry / 2001 / 260When you start a home-based business, buying insurance may not be your first priority, but you cannot afford to ignore it either. When the unexpected happens -- and it will -- having insurance coverage may mean the difference between the success and failure of your home-based business.You may not require all types of insurance listed here, but taking some time now to consider your insurance needs can save you money and headaches in the future. Ultimately, after reading this article, the best way to determine your complete needs is to consult with your insurance agent. Explain to them the details of your home-based business and he or she should be able to determine the best insurance coverage for you (and any employees).Health InsuranceHealth insurance should be the first consideration for yourself and any employees you m
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.
“We chose Olomouc mainly for its sufficient supply of qualified people. The new centre will serve customers of Schneider Logistics from all over Europe, which is why our demands, for example on employees’ language skills, are high,” commented Willem Jan van Vorstenbos, Managing Director of Schneider Logistics in Europe, and added: “Of course we intend to offer employees the most varied training relating to languages, accounting and working with our special software applications developed for processing invoices.”
Kappa Packaging opened a new plant for the production of packaging from backed corrugated board in the industrial zone Olomouc – Holice today. The new plant into which Kappa invested over 11 million euro will create more than 50 new jobs.
“The main factors behind the decision-making on the establishment of the new plant were the following: location in the heart of central Europe, know-how and skills of the original employees of the local plant Kappa Empack and – last but not lest – support of governmental organizations and representatives of local government,“ says Zden?k Suchitra, director of the Kappa Packaging plant in Olomouc.
The multinational company Head has decided to start the manufacture of skiing shoes in Litovel, Olomouc region. Head has acquired a factory in Litovel by reason of quick production start. Head plans to invest 2 million euros and create 120 jobs in the first phase.
Gerald Skrobanek, CEO Head Sport s.r.o. explained the reasons for this decision: “The advantage of the Czech Republic is mainly better logistics, but also higher labor productivity. Litovel offers an advantageous location and mainly experienced workers for our production technology. Mainly thanks to the very successful operations in the Czech Republic, the top management at Head decided not to move to the cheaper labor markets further to
The New Rules of the (Money) Game
The number one myth about money regards the nature of money itself. A commonly held belief is that money is basically the same in this day and age as it was say, 50 years ago and that the same financial practices of earning, spending, saving and investing, can produce the same results today. Reality, however, tells us something different.When the economic landscapes of these two time periods of the 1950’s and the first decade of the 2000’s are compared, the differences are extreme. For example, it becomes more the exception than the rule with each passing day for a family to have only one breadwinner, a home-based parent, one car, savings, company health insurance, company pensions, no debt besides a mortgage, time to relax, regular vacations and lower stress levels. Yet this was true for millions of families in the 1950’s. Needless t
sufficient supply of qualified people. The new centre will serve customers of Schneider Logistics from all over Europe, which is why our demands, for example on employees’ language skills, are high,” commented Willem Jan van Vorstenbos, Managing Director of Schneider Logistics in Europe, and added: “Of course we intend to offer employees the most varied training relating to languages, accounting and working with our special software applications developed for processing invoices.”
The number one myth about money regards the nature of money itself. A commonly held belief is that money is basically the same in this day and age as it was say, 50 years ago and that the same financial practices of earning, spending, saving and investing, can produce the same results today. Reality, however, tells us something different.When the economic landscapes of these two time periods of the 1950’s and the first decade of the 2000’s are compared, the differences are extreme. For example, it becomes more the exception than the rule with each passing day for a family to have only one breadwinner, a home-based parent, one car, savings, company health insurance, company pensions, no debt besides a mortgage, time to relax, regular vacations and lower stress levels. Yet this was true for millions of families in the 1950’s. Needless t
Kappa Packaging opened a new plant for the production of packaging from backed corrugated board in the industrial zone Olomouc – Holice today. The new plant into which Kappa invested over 11 million euro will create more than 50 new jobs.
“The main factors behind the decision-making on the establishment of the new plant were the following: location in the heart of central Europe, know-how and skills of the original employees of the local plant Kappa Empack and – last but not lest – support of governmental organizations and representatives of local government,“ says Zden?k Suchitra, director of the Kappa Packaging plant in Olomouc.
The multinational company Head has decided to start the manufacture of skiing shoes in Litovel, Olomouc region. Head has acquired a factory in Litovel by reason of quick production start. Head plans to invest 2 million euros and create 120 jobs in the first phase.
Gerald Skrobanek, CEO Head Sport s.r.o. explained the reasons for this decision: “The advantage of the Czech Republic is mainly better logistics, but also higher labor productivity. Litovel offers an advantageous location and mainly experienced workers for our production technology. Mainly thanks to the very successful operations in the Czech Republic, the top management at Head decided not to move to the cheaper labor markets further to
Bankruptcy Chapter 7 & Helpful Tips For Finding An Effective Lawyer
A law that provides for the development of a plan that allows a debtor, who is unable to pay his creditors, to resolve his debts through the division of his assets among his creditors is called Bankruptcy. Certain bankruptcy proceedings allow a debtor to stay in business and use revenue generated to resolve his or her debts.The new bankruptcy law is now in effect, the landscape has changed for those who are considering bankruptcy. All debtors will have to get credit counseling before they can file a tbankruptcy case and additional counseling on budgeting and debt managemen before their debts can be wiped out.What is Chapter 7 of the Bankruptcy Law?The most frequently used bankruptcy law is the Chapter 7, often called the Liquidation Bankruptcy. It involves the complete liquidation of a debtor's property,
f the local plant Kappa Empack and – last but not lest – support of governmental organizations and representatives of local government,“ says Zden?k Suchitra, director of the Kappa Packaging plant in Olomouc.
A law that provides for the development of a plan that allows a debtor, who is unable to pay his creditors, to resolve his debts through the division of his assets among his creditors is called Bankruptcy. Certain bankruptcy proceedings allow a debtor to stay in business and use revenue generated to resolve his or her debts.The new bankruptcy law is now in effect, the landscape has changed for those who are considering bankruptcy. All debtors will have to get credit counseling before they can file a tbankruptcy case and additional counseling on budgeting and debt managemen before their debts can be wiped out.What is Chapter 7 of the Bankruptcy Law?The most frequently used bankruptcy law is the Chapter 7, often called the Liquidation Bankruptcy. It involves the complete liquidation of a debtor's property,
The multinational company Head has decided to start the manufacture of skiing shoes in Litovel, Olomouc region. Head has acquired a factory in Litovel by reason of quick production start. Head plans to invest 2 million euros and create 120 jobs in the first phase.
Gerald Skrobanek, CEO Head Sport s.r.o. explained the reasons for this decision: “The advantage of the Czech Republic is mainly better logistics, but also higher labor productivity. Litovel offers an advantageous location and mainly experienced workers for our production technology. Mainly thanks to the very successful operations in the Czech Republic, the top management at Head decided not to move to the cheaper labor markets further to the East of Europe, but utilize the better infrastructure and eruditeness in the Czech Republic.”
Olomouc Property Figures
Apartment Rentals in CZK per month (2004 3rd Q):
(average range - exceptions can be found either way)
Size / CZK/month
1 + 1 (studio or bachelor) / 4 000 - 5 500
2 + 1 (1 bedroom) / 5 000 - 7 000
3 + 1 (2 bedroom) / 6 000 - 9 000
4 + 1 (3 bedroom) / 6 000 - 10 000
House Sales in thousands of CZK per flat (2004 3rd Q):
(average range - exceptions can be found either way)
Size / New Build / Heritage Building
1 + 1 (studio or bachelor) / 650 - 950 / 500 - 700
2 + 1 (1 bedroom) / 800 - 1 200 / 700 - 900
3 + 1 (2 bedroom) / 1 300 - 2 500 / 900 - 1 700
4 + 1 (3 bedroom) / 1 800 - 3 000 / 1 200 - 2 100
Property Examples
(common closing prices are commonly 5 - 10% less than the asking price)
1 ? bedroom (2.5 + 1) flat right in the middle of the old town section. Beautiful heritage building with view to the square. New kitchen and kitchen cupboards. Hardwood flooring and tall ceilings. Asking price: 2 050 000 CZK
1 bedroom (2 + 1) completely reconstructed close to the center section of town. Completely reconstructed. 52 m2. Balcony. Asking price: 1 350 000 CZK
2 bedroom (3 + 1) newly built flat on the top floor of a heritage building in the historic center of Olomouc. 88 m2. Balcony. Asking price: 2 266 000 CZK
As we’ve emphasized before, at Czech Point 101 we are not going to over-inflate figures or try to sell you on hyped up facts. Our goal is to inform you to make the best investment decisions possible.
Recommended Reference Websites
Olomouc tourism website
Olomouc city website
The sources for this newsletter include the Olomouc city and CzechInvest.
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