Russians own more Czech registered companies than any other foreign nationals

Russian citizens own more Czech-registered companies than any other foreign nationals, according to a report published by ČEKIA, a leading Czech financial information agency. The report says an increasing number of Russian entrepreneurs are choosing the Czech Republic as a base from which to launch businesses in the European Union. The main factors attracting Russian investors to the Czech Republic are: linguistic proximity, relatively low labour costs, and the reputation of Czech goods in Russia as offering quality at competitive prices.