Competitiveness / Business and Industry
This section feature research, opinion and progress reports on how the Czech Republic compares to other EU countries economically. It includes analysis of international rankings such as the WEF and World Bank.
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Spotlight issue
Czechs Pay More than 11 Average Annual Income for a New Flat, the Most in Europe for the Third Consecutive Year
Czechs must pay an average of 11.2 average annual salaries to purchase a new apartment with the size of 70 m2. Compared to selected European countries, the situations is the worst in the Czech Republic. In the runner-up country – Latvia – 10.1 annual salaries are needed to acquire a new flat. In contrast, flats are the easiest to acquire in Portugal (3.8 annual salaries). These are some of the conclusions of the latest Deloitte Property Index 2019.
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PwC: Global Top 100 companies (2019) by Market Capitalisation
The US continues to dominate, with 54 companies in the Global Top 100, representing 63% of overall value, up from 51% ten years ago. Europe’s roster reduced by 11 companies, with a decline in its value share of 12% over the same period.
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Czechs still like to shop in shopping centres, despite the growing popularity of e-shops. Turnover and footfall are growing
According to the newest CBRE Shopping Centre Index study, which has been compiled for the seventh year by the CBRE company, the world leader in the field of retail services, shopping centres in the Czech Republic have been successful again. Turnover in Czech regional shopping centres grew for the fifth consecutive year. Comparing the year 2017 with the previous year, turnover grew 4.2%. Rents grew only minimally. The vacancy rate is stable. The “Rent-to-sales ratio” reached a historical minimum and the average basket achieved its historical maximum. This once again proves that Czech retail is doing well.
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