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last modified Sep 27, 2017 12:39 by Kateřina Švédová
Ostrava - a modern city with potential for investors.

Ostrava has become a popular base for numerous international companies thanks to a number of key factors. Its strategic location offers unique access not only to the Czech market, but also to nearby Poland and Slovakia; a total of 5 million people live within a 100-kilometre radius of Ostrava. The city’s development strategy is based on long-term cooperation with investors. The combination of low labour costs, a highly qualified workforce, R&D expertise and a strategic geographical location means that Ostrava will continue to offer strong potential for growth in the upcoming years.


  • The capital of North Moravia – Ostrava is the industrial, administrative, commercial and educational heart of the most populous region in the Czech Republic

Ostrava is the Czech Republic’s second largest city in terms of area, and its third largest in population. Thanks to the city’s proactive approach, it has become one of the most attractive investment destinations not only in the Czech Republic, but in the whole of Central Europe. It has over 300 000 people and is the capital of the Moravian-Silesian Region – the most populous region in the Czech Republic, with more than 1.2 million inhabitants.



  • A strategic location near the Polish and Slovak borders, offering excellent transport infrastructure including an international airport

Ostrava occupies a strategic location in the north-east of the Czech Republic, directly on the main north-south transport corridor linking the Baltic and the Adriatic. With excellent access to markets in neighbouring Poland and Slovakia, Ostrava is the natural economic, commercial and cultural centre of the entire Euroregion. The city and the surrounding area offer excellent transport infrastructure (an international airport, the motorway network, a key rail corridor, and a high-quality integrated regional public transport system). Ostrava plays an increasingly important role as a railway hub for both passenger and goods transport, and the nearby Leoš Janáček International Airport offers immediate access to a range of international destinations, with regular scheduled flights to Prague, London, Paris, Düsseldorf and Dubai. The airport can handle the world’s largest passenger and cargo aircraft, including the Airbus A380. There are direct rail links to the airport for both passengers and cargo – giving it a clear competitive advantage over other Czech airports.



  • 3 universities and international schools offering teaching in English – a well-educated, trained and highly flexible workforce

One of Ostrava’s key strengths is its human resources. The city’s four universities (with a total of 28 000 students) excel in technical, IT and business-related fields, producing thousands of highly trained graduates every year – as well as offering a strong base for research, development and innovation. Ostrava also has an effective network of secondary schools (both public and private), many of them specializing in technical fields. There are also several schools offering teaching in English – such as the pioneering 1st International School
of Ostrava.



  • Excellent credit rating

The City of Ostrava was awarded an A1 rating (stable) by Moody’s in June 2017.


  • An excellent business environment has attracted major foreign investors to Ostrava and its region

In the first decade of the 21st century the City of Ostrava built several major industrial zones, attracting huge volumes of investment from both Czech and international companies. Among the new arrivals that decided to base their operations in Ostrava were PEGATRON Czech, Tieto, SungWoo Hitech, CTP Invest, ArcelorMittal, Siemens, and many more. A milestone in this process came in 2007 when the Korean automotive giant Hyundai built its first European factory in Nošovice near Ostrava. The region has since grown to become a major hub for Europe’s automotive industry, including a strong presence by Korean companies. Over 3 000 cars per day are made within a 100-kilometre radius of Ostrava. This massive influx of investment has helped to create thousands of new jobs in the region. Recent years have brought an increase in the number of investors generating highly qualified jobs – including the MONETA Money Bank customer services centre, Tieto, OKIN BPS and others.



  • A strong infrastructure for research, development and innovation

Ostrava’s innovation infrastructure includes the Science and Technology Park, the Business Innovation Centre, the Centre for Advanced and Innovative Technologies and the Business Incubator – giving companies direct access to the facilities and research capacities of the city’s renowned technical university and other research centres.



  • A high quality of life with great opportunities for culture and sport

Ostrava and its region offer a huge range of leisure activities. The city hosts numerous major international events throughout the year, including the popular Colours of Ostrava music festival, the Janáček May and Janáček Hukvaldy classical music festivals, the Golden Spike international athletics meeting (part of the IAAF World Challenge), the NATO Days air show, and much more. Ostrava’s Lower Vítkovice district – a historic former ironworks complex – has been transformed into a vibrant centre of the region’s cultural life, including the unique ‘Gong’ multifunctional hall (converted from a former gas-holder) and the Ostrava Science and Technology Centre. The region offers several spectacular golf courses plus the unparallelled beauty of the nearby Beskydy and Jeseníky mountain ranges – a paradise for winter sports, hiking, mountain biking, and much more.




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