According to the international real estate advisory, BNP Paribas Real Estate, there are 61 coworking centres in Czech Republic, 26 are situated in Prague. Total size of the centres currently in operation stands at 19,000 sq m. In addition, BNP Paribas Real Estate records 18,000 sq m of serviced offices.

April industrial production disappointed the market with 5.5% year on year growth, due to a higher number of working days. Still, the weaker-than-expected result was mainly driven by the energy sector, which fell by 20% YoY in April due to one-off shutdowns and warmer weather.

Industrial production in April disappointed when it grew only 5.5% yoy despite having two more working days. Adjusted by calendar effects, it even declined 0.2%. The second quarter started well for construction. Mainly production in building construction is flourishing because of higher investment activity in the private sector as well as higher construction of residential buildings. The trade balance statistics printed above expectations, showing a surplus that was CZK 3bn higher than a year ago.

DLA Piper in Prague has collaborated with investors, businesses, researchers and the Czech government to launch a report on the start-up scene in the Czech Republic. The report is part of a wider project aiming to chart the development of the Czech Republic’s start-up industry.