Entrepreneurs from Slovakia are expanding their business activities in the Czech Republic. In 2019, for the first time in history, they became the most frequent foreign owners of Czech companies, and this year they are further strengthening their lead.
On the contrary, the Russians fell again in the ranking. In 2020, Russian entrepreneurs dropped from first to second place, and during the first half of this year, they sank even to third place.
Entrepreneurs from the Visegrad Four (V4) countries in comparison to other foreign entrepreneurs significantly strengthened their activities in Czechia. The number of domestic companies with Slovak owners increased by 201 to 14,517 in the first half of the year, while the number of companies with Polish and Hungarian owners grew by 48 and 55 respectively – these are the highest absolute increases in the first half of the year.
“On the contrary, the number of companies controlled by Russian owners fell by 351 to 12,385, while German entrepreneurs currently head 8,712 companies in Czechia, which is 127 less than at the end of 2020,” said Dun & Bradstreet analyst Petra Štěpánová.
In the ranking of the most frequent foreign owners, Ukrainians, who currently control 14,478 companies (+14), worked their way to second place. In addition to the V4 entrepreneurs, the French ones also jumped significantly in the top 20 (+32). On the other hand, companies with owners from Russia (-351), Germany (-127), Great Britain (-55), China (-46), and Italy (-45) dropped the most.
Title image: A worker assembles parts for hospital beds, at the Linet factory in Slany, Czech Republic, Monday, Oct. 19, 2020. (AP Photo/Petr David Josek)