ST. THOMAS HOTEL PRAGUE Waldeck Capital LLC The Rocco Forte Collection
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Prague
With buildings dating back more than 11 centuries, Prague represents one of the oldest and most picturesque capitals in the world. From Staroměstské náměstí (Old Town Square) to Václavské náměstí (Wenceslas Square); from Karlův Most (Charles Bridge) to Pražský hrad (Prague Castle), Prague residents and visitors alike marvel at the city’s romantic ambiance, baroque and gothic architectural beauty and cultural heritage. …
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Czech Republic

Czech Republic as seen by foreign investment Czech Republic is characterized by overall political and economical stability and is a member of the EU and NATO.

These factors provide for a very favourable investment climate. Czech Republic is currently one of the leading FDI targets, together with Estonia and Hungary. These are also the countries with the highest FDI stock: over the past 15 years they have received double the amount of FDI per capita than the rest of the region.


Tourism industry

Tourism is one of the Czech Republic's biggest and most dynamic industries. The year 2007 was prosperous in regard to the tourist trade. The amount of guest arrivals in total has grown by 1,9 % in comparison to 2006. The amount of overnight stays of foreign tourists has increased by 2,6 % compared to the previous year.

Prague is one of the most attractive tourist destinations in Europe. The profile of hotel visitors to Prague has predominately been international travellers accounting for over 90% of all guests. In 2007 the biggest growth was seen in the segment of five and four star hotels (14,7 %, resp. 12,9 %).

Prague’s Ruzyne Airport passenger traffic recorded a compound average growth rate of 14.8% from 1991 to 2006, demonstrating the importance of Prague and the position of the city among the top destinations in Europe. Management at Ruzyne Airport is projecting to service 16.7 million passengers in 2010 representing a 42.5% increase on 2006 volumes.