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Prague City Profile a Guide to the Business Services Sector Prague City Profile Connectivity to the Heart of Europe Foreword

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Prague City Profile a Guide to the Business Services Sector Prague City Profile Connectivity to the Heart of Europe Foreword Prague City profile A Guide to the Business Services Sector Prague City Profile Connectivity to the Heart of Europe Foreword Source: City hall incredibly welcoming for new professionals and Prague. Number 1 business projects – ensuring that the success story for Global Business Services of the City will continue and Business Services will be at the forefront of the exciting future for the City. Jonathan Appleton Managing Director, ABSL Czech Republic 50,000 + Prague is truly a capital of modern 100 + Business Services and one of Business services Business services employees Prague - New York the leading global destinations for centres 8 h 15 mature business services. Many of these centres were established in the early 2000’s and have transformed into Centres of Excellence and 20,000 80,000 Innovation Hubs that transform and drive global International talents Czech graduate business from the historical capital. working in Prague talents entering business services the workforce Prague is the place to be for Business Services centres every year with many of the world’s leading Healthcare, Financial Services and IT firms choosing the City to host their international centres in the heart of Europe 33 19% with excellent transport connections and one of International the highest quality of life standards in the world. Sector headcount languages spoken growth per year Prague is truly a talent capital for Europe, attracting in Prague centres huge numbers of graduate professionals, IT Prague - Moscow developers and Tech entrepreneurs from both East 2 h 45 and West to enjoy the cultural, historical and career Business Services growth drives new high quality opportunities offered by the “Mother of all Cities”. office developments and Prague leads the way with Prague - Amsterdam This incredible pipeline of global talent, combined an incredible pipeline of new office and residential 1 h 30 / 3 flights a day with an impressive stream of Czech graduates and real estate opportunities. Business hubs such as Prague - Berlin professionals has driven the growth and success of Karlin, Andel, Chodov and Pankrac offer stunning 55 min / 4 flights a day Prague as a business services hub to rival far larger Prague - London new office developments combined with dynamic, global capitals. exciting living spaces and cultural life. The City never 2 h / 9 flights a day Prague - Brussels 1 h 1 h 30 2 h 2 h 30 3 h 1h 30 / 7 flights a day Prague is a new tech Hotspot and a dream location rests - and ambitious new business developments Prague - Paris for talented developers and tech professionals - with are opening in central Prague districts such as 1 h 50 min / 6 flights a day its high quality of life and relatively low living costs. Palmovka and Holesovice. Modern Prague is a truly cosmopolitan city, In this report we aim to tell the story of modern Business Services in Prague and share the successful journeys of several of the leading Prague - Rome global players that have made 1 h 50 min / 4 flights a day Prague the centre for their global operations. We hope that you will find this report useful and look forward to welcoming your business to this amazing city. Prague - Shanghai 11 h 50 Prague - Dubai 6 h / 1 flight a day | 3 Prague City Profile Why Prague? Prague - a good place to live Source: Prague City Hall It is a city with a high concentration of job Prague is well opportunities, a stable and varied labour market Perhaps many European and global metropolises connected and a workforce pool with above-average skills. can boast better statistics and we fully recognise their strength in the world economy. On the other Vaclav Havel Airport An important role is also played by educational, hand, Prague compared to other European cities also Prague is very well connected scientific and research institutes. The most has another substantial advantage, which is the low internationally. It is located 12 km important employers are mainly multinational cost of living, for which you can procure very high west from Prague. In the year 2018 companies in IT, logistics, and the financial quality services. Prague also takes pride in its support it is expected to serve 17 million passengers. and banking sector. We would like to present Prague, one of the most for education and is very aware that without good Around 66 airlines fly 154 destinations in Europe, beautiful cities in the world, as not only a place with schools, no city or even country in today‘s world can Asia, Africa and North America from Prague a unique genius loci, which millions of visitors travel succeed. Good quality universities are based in Prague Airport. The city of Prague is also well connected Prague has a great to see every year, but also a modern, dynamic and which can stand up to international comparison, every internally via one of the best public transport smart Central European metropolis that is certainly international year receiving more than 90 000 applicants. Among systems, rated as the 5th best public transport in worthy of attention. Prague is truly no sleepy open- other things, Prague is also highly popular in terms the world. Compared to other capital cities, it is reputation for air museum for tourists, but rather has a very rich of conference tourism, with over 100 international cheap, reliable, efficient, highly integrated and safe. quality education industrial and technological tradition behind it, and even our present is not based only on tourism, but conferences and summits taking place here each year. In the QS Best Student Cities Index, is ploughing ahead in many other directions. Prague We will be very glad if you, as a potential investor, start which ranks cities according to their attractiveness is the second most suitable region for business in to take a deeper interest in our city, because then you Prague is an to international students, Prague is the 26th best Europe; in terms of major cities it placed sixth (FDI will discover that the people living in it are friendly, location in the world, leading such renowned spots attractive place Intelligence, 2018/2019). Within the EU, Prague is the educated and hardworking and it is certainly worth as San Francisco, Dublin, Madrid, Amsterdam and sixth most developed region, one quarter of the GDP of working with them. Prague is amicable and open to to live in Brussels. The availability of qualified graduates the whole Czech Republic is created here and it‘s one the outside world and we can only hope that we will Prague offers the peaceful conditions from Prague Universities is one of the main factors of the safest cities in the world. be able to show this stance of ours to you. for living and working within modern in the success of business service centres community amenities. The community is very in the capital. Prague has more than liberal, tolerant, multicultural and diverse. The 120 000 students enrolled in 8 public and at least quality of living standards is high with a great 22 private universities. Every year there are almost selection of international and multi-lingual 30 000 qualified graduates from these universities European oriented education institutions from entering the workforce. preschools to universities. The cost of living is very reasonable and combined create a winning package for attracting talent from outside Prague is a well- of the city and country. What’s more, Prague is said to be the 4th most attractive city in established office the world for expats to live in (HSBC Expats market Survey). Prague is a well-established and sought-after office location which offers high quality, modern offices. The main office hubs are Prague is perfect for particularly located around metro stations which investors - with high serve well accessibility and public services nearby. Demand for office space in Prague varies and quality employees depends on tenant‘s focus. One fourth of Czech GDP is generated in Prague. Prague is the 6th most developed region in EU and considered being 3rd largest European City of the future from the human capital and lifestyle point of view leading such cities as London, Paris, Stockholm or Madrid. 4 | | 5 Prague City Profile Companies in Prague Qualified Workforce - Building Business Services through are growing with more The Talent Source for Education complex activities Business Services Source: JNJ Source: CzechInvest We are participating at the major career events and job fairs organised by the largest universities in the region and are also running a fruitful The availability of qualified graduates from Prague cooperation with student’s organisations like Universities is one of the main factors in the success AIESEC or IAESTE. Since the members of these of business service centres in the capital. Prague also In Johnson & Johnson our aim is to build a long- organisations are students themselves, their attracts many of the nearly 100,000 graduates from term cooperation with universities. Due to the communication towards the student audience all Czech universities and acts as an education magnet Silvana Jirotková extensive scope of our businesses, we are active is highly efficient. Career fairs, internships, targeted CEO CzechInvest for students and graduates from the CEE region in the field of direct lectures and presentations and beyond. vacancy posting, and similar activities organised Prague is the primary destination to students of the medical faculties as well as in cooperation with universities or student of foreign investments coming to Prague has more than 120 000 students enrolled students of finance and business management. organizations are met with great interest and the Czech Republic. The capital continues in 8 public and at least 22 private universities. Simultaneously, we are actively driving talent due to its positive results are highly appreciated to reflect the country’s most prevalent sector, Every year there are almost 30 000 qualified graduates acquisition for our businesses in the 15 countries by both sides.
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