Archive, February 2006
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Expansion in Brno could provide jobs for approximately 200 people
24 Feb. 2006 | CzechInvestInternational provider of network infrastructure products and services, ADC KRONE, is expanding to Brno’s Cernovicka Terasa. The company’s management has already signed a contract with Dutch developer CTP Invest to lease a production hall on the complex of the industrial zone there.
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Bang & Olufsen is investing 16,5 million euros in new factory in the Czech Republic
23 Feb. 2006 | CzechInvestBang & Olufsen, the manufacturer of high-end audio-visual technology, has its only foreign production facility in Koprivnice in the North Moravia. The company is investing a total of 16,5 million euros in construction of a new factory and will employ up to 200 people.
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Amendment of the Income Tax Act brings positive changes for investors
17 Feb. 2006 | CzechInvest, Ministry of FinanceThe amendment of the Income Tax Act, which came into force on 1 January 2006, has brought numerous positive changes influencing tax obligations in the Czech Republic. In addtion to the most significant employment-related modifications – lower tax burden for natural persons and simplified tax administration – the amendment also introduces undeniable benefits for investors. Support of the mobility of the labour force in the form of tax-deductible expenses related to both the transport of employees to the workplace and temporary housing, the commom system for taxation of parent companies and subsidiaries, and the tax ememption of income from dividends are only some of the changes strengthening the attractiveness of the Czech Republic’s business environment, especially for foreign companies.
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CzechInvest maintains services-quality standard set by the international ISO norm
15 Feb. 2006 | CzechInvestA January audit of CzechInvest performed by the certification company Det Norske Veritas confirmed the high quality of the Agency’s internal processes and services. CzechInvest thus retained the internationally recognized ISO 9001:2000 certificate of quality.
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Young and successful to have their own “Davos” in Prague
9 Feb. 2006 | CzechInvestSuccessful young people will have their own “World Economic Forum”. Like Davos, Prague will become a place where questions affecting the entire world are addressed: Does the world really have a surplus of capital? What characterises a global superpower and the global market? What will be the criteria of success in the future (tax level, market dominance,...)? Where are tomorrow's revolutionary technologies originating? Can a strong, integrated economic Europe exist without integrated European politics? Are customs and other barriers really diminishing? Wherein lies the secret of education and application of talent from China and India? How to compete with Asian superpowers? Does the media intensify the backwardness and negative views of the world?
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Spanish company Lana Construction to build plant worth 14 million dollars in Vysocina
7 Feb. 2006Spanish company Lana, a renowned manufacturer of three-ply wooden panels for the construction industry, has decided to build its new production facility in the Czech Republic in Zdirec nad Doubravou (Vysocina Region). The firm is investing 14 million dollars (350 million crowns) into its construction, which will be launched in the spring. The new plant will offer jobs to at least 50 people.
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German company Playmobil invests in the Karlovy Vary region
2 Feb. 2006 | CzechInvestPlaymobil CZ, a subsidiary of the German company Horst Brandstätter Holding GmbH, will build a plant in the city of Cheb for the production of plastic toys. Over the next three years the company will invest almost 7.5 million euro and will employ about 65 people.
