Real estate prices continue to rise, and the dream of owning a home—especially in Prague—is becoming increasingly out of reach for more and more people. Prospective buyers often face a key question: is it better to invest in a more expensive new build, or buy a cheaper apartment in an older building and plan for …
There was massive demand for new apartments in Prague throughout last year. A total of approximately 7,200 apartments were sold in the capital in 2024, an 80% year-on-year increase. Supply continues to stagnate and cannot keep up with strong demand. As a result, apartment prices in the capital grew faster than expected, increasing by 7% …
Sales of New Apartments in Prague Nearly Doubled Over 2024, Prices Rose by 7% Read More…
As of 2003, Israel’s territorial tax system was replaced by a personal tax system. WHAT IS THE SIGNIFICANCE OF THE TRANSITION TO THE PERSONAL TAX SYSTEM? As of 2003, Israeli citizens are required to pay taxes in Israel on all their income, wherever generated. In order to avoid levying double taxes on Israeli citizens who …
TAXATION FOR ISRAELI INVESTORS IN THE CZECH REPUBLIC Read More…
Prague, the capital of the Czech Republic, is a three to four hours flight away from Israel. Prague is one of the most popular tourist cities in the world and magnificent attractions from a wide variety of periods are situated there; however, many tourists go there mainly because of its ever romantic atmosphere. In Prague one …
According to Czech law, every building is obliged to establish a legal entity that is in charge of the financial management of the owners’ committee. In Czech this is called a ‘společenství vlastníků jednotek‘, or SVJ for short. Freely translated, it means the “owners’ association” or the “flat owners’ association”. In many cases, owners of …
FLAT OWNERS’ ASSOCIATION (SVJ) FEES – WHO PAYS WHAT? Read More…
The Czech Republic is still renowned for its well-developed industry and there is a much knowledge there related to heavy machinery production, metal working and a high level of professional mechanical abilities. The level of Czech products is no lower than that of German ones. Nevertheless, prices in the Czech Republic are more attractive because of …
ŠKODA – THE CZECH BICYCLE THAT REACHED THIRD PLACE IN THE WORLD CAR INDUSTRY Read More…
In our global world, businessmen active in a large number of countries must be aware of historical as well as contemporary processes occurring in these countries. The reasons are many, and they include the recognition that history, culture, and regional events have a great deal of significance in many countries and affect the thoughts and …
The Economist claims that the Czech Republic is the most liberal country in Europe in regards to drug use in general and Cannabis (used to produce the recreational drugs marijuana and Hashish) in particular, particularly in the Capital Prague. But the truth is somewhat more nuanced. On the one hand the state is tolerant towards drug …
THE POLICY OF THE CZECH REPUBLIC IN REGARDS TO CANNABIS Read More…
Modřany (Moderschan in German) is a truly unique Prague neighbourhood. Mainly, because for most of its history it wasn’t even part of Prague. Modřany was named for the blue flower Hyacinthus which blossoms on banks of the nearby Vltava River (the root of the word ‘Modřany’ means ‘blue’ in the Czech language). In 1968, Modřany …
MODŘANY BOROUGH – AN EMERGING OPPORTUNITY TO INVEST IN PRAGUE REAL ESTATE Read More…
BEFORE WORLD WAR II, THERE WERE 325,000 JEWS IN WHAT WAS THEN CZECHOSLOVAKIA. 270,000 OF THEM PERISHED IN THE HOLOCAUST. MANY OF THE HOLOCAUST SURVIVORS. LEFT THE COUNTRY DURING AND AFTER THE WAR. MANY OF THOSE WHO REMAINED DEPARTED IN 1968. The number of Jews living today in the Czech Republic is estimated at no …
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