Within the North American college system, college students search the very best pursuit of an A-grade. Nevertheless, the varsity system will not be the tip of the hunt to be the very best and get the grade "A". Briefnotes are utilized by score companies to rank communities when it comes to funding danger.
Most just lately, Ostrava acquired the A3 score from Moody's Buyers Service.
What does that imply for you as a possible investor? What are the opposite indicators that might point out the well being and prospects of the actual property market of Ostrava?
What does this score really imply?
Moody's has 25 rankings for investor providers, with an "A3" ranked seventh and outlined as higher to center grade. The same score agency, Commonplace and Poor's, additionally gave Ostrava an A-Rating primarily based on their score system.
What does that imply for the town?
Some traders solely have a look at cities which have an A score. It's an indicator of the monetary and financial well being of the group.
For the reason that restructuring of the trade within the 1990s, the town's financial platform has modified considerably. In reality, most incomes are not depending on native financial situations.
With this score, Ostrava achieved the identical score as different medium-sized cities in Central Europe. Brno, for instance, additionally acquired an A3 score (for a full dialogue of Brno properties and financial growth go to our characteristic on the Brno property).
Let's go over another indicators of the funding potential of this North Moravian metropolis.
Space: 214 km2
Inhabitants (final knowledge April 2004): 315,000
Highway distance from main European and Czech cities:
Metropolis / km
Brno / 170
Olomouc / 93
Prague / 360
Vienna / 310
Bratislava / 300
Warsaw / 300
Budapest / 389
Berlin / 540
Paris / 1 500
With the completion of the D-47 motorway, each infrastructure capability and ease of journey will enhance considerably. The journey time within the Czech capital Prague shall be shortened to only over three hours.
Air transport:
Ostrava - Mosnov Worldwide Airport is 25 km from the town middle. It's the largest regional airport within the Czech Republic with a capability of a couple of million passengers per 12 months (the present precise figures are near 200,000 per 12 months and are anticipated to triple subsequent 12 months). The runway is 3500 meters lengthy and 63 meters vast to accommodate the biggest plane on the earth. At present, each nationwide and worldwide flights are provided.
Though there are at the moment no recognized finances airways flying to Ostrava, we anticipate this to be solely a matter of time.
Common month-to-month wage for the Ostrava area (2004): 18 966 CZK
Common month-to-month wage for the Czech Republic (2004): 18 582 CZK
Common month-to-month wage for the Czech Republic (2005 2nd quarter): 18 763 CZK
Schooling: 16.3% of inhabitants of Ostrava have the next schooling in comparison with 9.4% within the Czech Republic.
Common temperature in January: - 2 ° C to -4 ° C
Common temperature in July: 15 ° C to 19 ° C
(Hey, some traders need to know that ....)
Financial system:
Industrial manufacturing has at all times had a significant affect on the financial system within the Ostrava area. It's primarily primarily based on the mining and processing of coal and associated industries - metallurgy, the coking trade, the chemical trade, energy era, civil engineering and heavy equipment. Metallurgy and heavy engineering stay the largest employers within the metropolis.
A few of the greatest employers in Ostrava
Employer / Firm / Exercise / Worker (Jan. 2004)
Mittal Metal Ostrava a.s. / Metallurgical manufacturing, manufacture of metallurgical and technical finish merchandise / 10 968
College Hospital / Well being Care / 3 180
Czech Railways / Transport and Communications / 3 075
Vitkovice Machining / Machining and Metallurgy / 2 697
Vitkovice metal / metallic manufacturing, processing / 1 682
Ostrava blast furnaces / metals and coking chemistry / 1 305
Overseas traders in Ostrava
(not complete, just one pattern)
Investor (Nation) / Enterprise / Staff (Jan. 2004)
Mittal Metal Ostrava a.s. (UK) / Metallurgical manufacturing, manufacture of metallurgical and technical finish merchandise / 10 968
Vitkovice Tube Mill, a.s. (Cypress) / Metal tube manufacturing / 932
Dalkia Ceska republika, a.s. (France) / Heating and electrical manufacturing / 697
BorsodChem MCHZ, s.r.o. (Hungary) / Chemical Manufacturing / 623
Tesco shops CR a.s. (UK) / Retail / 580
Ahold Czech Republic, a.s. (Holland) / Retail / 529
Hayes Lemmerz Autokola, a.s. (USA) / Manufacturing of Automobile Wheels and Auto Elements / 410
Ostrava water and sewage, a.s. (France) / Manufacturing and provide of consuming water, elimination and purification of waste water / 382
Trefil a Schomberg, s.r.o. (Germany) / Plastic Manufacturing / 339
Hayes Lemmerz Alukola, s.r.o. (Italy) / Manufacture of motorcar components / 310
Connex Morava a.s. (Czech Republic / France) / Highway transport / 212
Different funding information
Within the USA Roper Industries Inc. has determined to take a position 24 million. CZK within the subsequent 5 years to a brand new expertise middle in Ostrava, wherein 18 extremely certified jobs are created.
In Ostrava we deal with tasks for the event and innovation of our laboratory devices. The Ostrava Heart will complement the expertise facilities of our current instrumentation operations within the US, Denmark, Germany and France, using a complete of almost 1,000 individuals. commented Will Crocker, Roper's vp and group govt for the instrumentation section. & # 147; The laboratory devices constructed from the design work there'll primarily serve our supplies and supplies testing markets. The outcomes of product growth in Ostrava shall be utilized by the manufacturing websites of our section overseas, the place they are going to produce the ultimate merchandise. & # 148;
The brand new customer support middle of GE Cash Multiservis For Czech and Slovak prospects, a subsidiary of one of many largest and most prestigious American corporations shall be primarily based in Ostrava, Moravia-Silesia, using as much as 500 certified individuals. The full funding is greater than three million euros.
"Our predominant purpose for opening the brand new middle is the expansion of GE Cash within the Czech Republic," mentioned Jiri Pathy, CEO and Basic Supervisor of GE Cash Multiservis, the corporate chargeable for growing the brand new middle GE Cash Group. "To make sure a excessive commonplace of service, we'll progressively enhance the variety of individuals chargeable for working the GE Cash Group and serving its prospects, and the brand new after-sales service middle will permit us to proceed to completely meet our shoppers. Wants, "provides Jiri Pathy.
Based mostly in Taiwan ASUSTeK COMPUTER INC. is at the moment constructing a brand new manufacturing facility and a restore middle in Ostrava. The investments within the amenities will quantity to 20 million euros and finally a minimum of 1300 workers shall be employed. The middle was anticipated to provide as much as 200,000 PCs per thirty days and the restore middle's capability was to succeed in 50,000 computer systems per thirty days.
The principle components figuring out the situation of this facility had been primarily the readiness of the Industrial Park in Ostrava-Hrabová and its proximity to the Technical College of Ostrava, with which we need to work carefully collectively. We're interested by their graduates and wish to work on particular programs of examine for his or her electrical engineering departments. We're already contemplating relocating a part of our technology-driven actions to the Czech Republic, & # 148; mentioned George Wu, vice vp of ASUSTeK COMPUTER INC.
The very best quality and most advantageous industrial zones within the Czech Republic have been awarded by Czech ministers. The fifth annual & # 147; Industrial Zone of the 12 months & # 148; Awards In accordance with the suggestions of the Ministry of Business and Commerce and CzechInvest in cooperation with the Affiliation for Overseas Funding (AFI) and companions of & # 147; Partnership to help international direct funding within the Czech Republic & # 148; introduced.
The worth for the economic zone with essentially the most financial benefits was awarded to the economic zone "Cernovicka terasa" in Brno, whereas in 2004 the zone with essentially the most social advantages was the economic zone Ostrava Hrabova - 1st stage. The economic zone with the very best city planning resolution is being ready by a personal developer in Ostrava - & # 150; CTPark Ostrava and the "Brownfield of the 12 months" & # 148; was gained by the economic zone Skoda Plzen.
American firm CTS Company deliberate to take a position almost $ 22 million in a brand new plant within the Ostrava area of the Czech Republic. CTS Company is a number one developer and producer of digital elements for the automotive and electronics industries. Its predominant prospects are Siemens, Magneti Marelli, Pierburg, Toyota, Renault and Nissan.
The brand new facility is anticipated to make use of over 160 workers inside three years. The manufacturing within the new plant is already deliberate for June 2006.
With this funding within the Czech Republic, we will enhance our manufacturing capability and higher serve the European market, which is at the moment primarily provided from our plant within the UK, & # 148; commented Ron Bell, director of CTS & # 39; European Automotive Operations, including: & # 147; In Ostrava we'll produce electrical and # 150; mechanical subsystems and sensors for the automotive trade. & # 148;
Ostrava land numbers
Rental flats in CZK per thirty days (1st quarter 2005):
(common vary - exceptions may be discovered both method)
Dimension / CZK per thirty days
1 + 1 (studio or bachelor) / 4 000 - 5 500
2 + 1 (1 bed room) / 5 000 - 7 000
3 + 1 (2 bedrooms) / 7 000 - 9 000
4 + 1 (Three bedrooms) / 8 000 - 11 000
Home gross sales in thousand CZK per condominium (2005 1st quarter):
(common vary - exceptions may be discovered both method)
Dimension / new constructing (about 17 000 CZK / m2) / heritage constructing
1 + 1 (studio or bachelor) / 650 - 950/350 - 700
2 + 1 (1 bed room) / 800 - 1 200/500 - 800
3 + 1 (2 bedrooms) / 1 300 - 2 500/700 - 1 200
4 + 1 (Three bedrooms) / 1 800 - 3 000/1 200 - 2 100
Property examples
(ordinary closing costs are often 5 - 10% under the promoting value)
Property Description / Hyperlink
Studio (1 + 1) condominium within the middle of Ostrava. 37 m2. Fully reconstructed. Flooring 5 of 5 with elevator. Asking value: CZK 395 000 / Ostrava Actual Property Instance 1
2 bedrooms (3 + 1) utterly reconstructed. Backside 1/3. 76 m2. The worth features a storage. Worth concept: CZK 1 260 000 / Ostrava Actual Property Instance 2
Extra examples added recurrently ...
As we emphasised earlier, we won't be over-hyped at Czech Level 101 or attempt to promote you with details revealed. Our aim is to tell you to make the absolute best funding selections.
Beneficial reference web sites
Ostrava web site of the town [http://www.ostrava-city.cz/sekce.php?id=2]
Ostrava airport [http://www.airport-ostrava.cz/vystavba-noveho-terminalu.php]
Industrial space of Ostrava Hrabová [http://www.mmo.cz/nabidka/epzony.html]
The sources for this article embrace the town of Ostrava and CzechInvest.
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