Doing Business in the Moravian-Silesian Region

Basic Characteristics of the Region

As the third millennium unfolds, the Moravian-Silesian Region can be considered an important centre of culture, social life, university education and business development, even though it had previously long been seen only as the glorious “steel heart of former Czechoslovakia.” It is a place with evident, ongoing growth in the quality of life – with improvement in the state of the environment and the quality of roads and the rail network, along with expansion in the supply of housing. More visitors are coming to the Region as its attractiveness as a tourist destination rises.

In recent years, heavy industry has been gradually replaced with replaced by light manufacturing, while there has also been considerable development of services. As business has developed in a free market environment, its structure has changed beyond recognition. Many restructured companies were purchased by foreign investors, while local companies are now forging ahead in sectors such as information technologies and innovative technologies, electronics and automotive. In addition, the Region today has a number of smaller and larger companies working in both traditional craft disciplines and in cutting-edge and hi-tech products.

The Moravian-Silesian Region is a place where there is a great deal of room for new capital projects and everyone has the opportunity to develop their potential and capabilities. A number of business incubators (private, university and public) are now operating in a number of different areas, backing start-ups and their young entrepreneurs.

General data about GDP in the Moravian-Silesian Region are presented in the table below.
Population 1,212,213
Total GDP  CZK 411,950,000,000
Per capita GDP CZK 337,741
Average Wage CZK 24,770
General Unemployment Rate 7.76 %

Source: Czech Statistical Office,  10 September 2016

The Moravian-Silesian Region will in future have ideal conditions for businesses to develop:

  • A strategic location in the triangle formed with Poland and Slovakia;
  • An excellent starting point for transport links to Eastern Europe;
  • Manufacturing campuses;
  • Quality technical infrastructure;
  • A reliable and technically knowledgeable workforce;
  • Quality secondary and university education.
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