News

In the past three years the City of Ostrava has not taken out any new loans, and it continues to make its scheduled repayments and reduce its overall debt levels. Every year the City audits its expenditure and builds up financial reserves for future investments. Ostrava's prudent financial management has been rewarded by an A1 stable rating from Moody's – the highest rating awarded to any Czech city.

The international rating agency Moody’s has recently awarded Ostrava the highest rating in the City’s history – now increased from A2 positive to A1 stable. The upgrade comes just a year after Moody’s raised Ostrava’s rating from A2 stable to A2 positive.

From 13–15 June 2017 Ostrava will be the venue for the Environment and Health conference organized by the World Health Organization (WHO), the United Nations Environment Programme (UNEP) and the United Nations Economic Commission for Europe (UNECE). Over 450 experts from 45 countries will come to Ostrava for this prestigious global event.

The American company Chassix is set to create up to 400 jobs in Ostrava at its new plant producing components for car wheels. The new facility will be located at the Ostrava Business Park in Kunčičky. The total value of the investment is 50 million USD (almost 1.3 billion CZK). Recruitment to key positions will begin in May, and the launch of production is scheduled for the end of this year.

This year is very important to Ostrava - in autumn, it will be the three quarters of a millennium anniversary of the first written mention of the city contained in the last will of Olomouc Bishop Bruno. So despite the fact that the site has been inhabited since prehistoric times, the date 29 November 1267 is considered the symbolic day of the founding of Ostrava.

For the past two decades, Ostrava had been an annual participant at MIPIM, the prestigious global real estate and investment event held in the French city of Cannes. This year, for the first time ever, the city appeared alongside Prague and Brno as part of the joint ‘Czech Cities’ presentation.

Ostrava has hosted many top international sporting events over the years, and in January 2017 it will add another to the list – the European Figure Skating Championships.

Ostrava is a modern hub for shared business services – and the third most popular destination for investors in the Czech Republic. That was the key message presented by Ostrava’s Mayor Tomáš Macura at the ‘Business Services in Ostrava’ meeting held on 23 November at the Nová Karolina Park office complex.