Distance from important European and Czech cities: City / kms Brno /   76 Ostrava /   100 Prague /   277 Vienna /   198 Bratislava /   197 Warsaw /   474 Budapest /   389 Berlin /   500 Paris /   1 302 Average monthly salary for Olomouc region (2003): 15 491 CZK Average monthly salary for Czech Republic (2003): 17 445 CZK Average monthly salary for Czech Republic (2005 2nd Q): 18 763CZK Education: 16% of residents in Olomouc have University leveleducation Average temperature in January: - 2°C to -4°C Average temperature in July: 15°C to 19°C Foreign Investors in Olom...

...ouc (by no meanscomprehensive, only a sampling) Investor (Country) / Business Activity / Year / Employees (2004) Nestle Cesko, s.r.o. (Switzerland) /   Production of chocolate and chocolate candies /   1992 /   800 Foundeik, s.r.o. (Spain) /   Foundry /   2000 /   215 M.L.S. Holice, spol. s.r.o. Group Leroy (France) /   Production of alternators; sale, maintenance andrepairs of rotating electric motors /   1922 /   770 Mora Aerospace, a.s. (USA) /   Development,designing, production, testing, maintenance, repairs,modifications and construction changes of the aviation technique/   1999 /   640 Mora Moravia a.s. (Slovakia, Hungary) /   Manufacture and sale of cooking technology appliances /   1996 /   640 Senior Automotive Czech, s.r.o. (UK) /   Production of shaped aluminum and steel pipes for the automotiveindustry /   2001 /   260 SIWE, a.s. (Austria) /   Production offorming, cutting and bending tools /   1992 /   143 TIMKEN Ceska Republika, s.r.o. (USA) /   Production of needle and roller bearings for automotive andengineering industry /   2001 /   523 Skanska DS, a.s. (Sweden) /   Constructionof motorways, city roads, parking areas; construction andreconstruction of bridges, sewage systems /   1954/   185 Exerion Precision Technology Olomouc, s.r.o.(Netherlands) /   Metalworking and assembly ofmetal-frame structures and functional modules /   1998 /   110 Other Investment News Schneider Logistics, a leading globallogistics company, opened new shared services centre in Olomouc.Thanks to this million euro investment more than 300 new highlyqualified jobs will be created here. "We chose Olomouc mainly for its sufficient supply ofqualified people. The new centre will serve customers ofSchneider Logistics from all over Europe, which is why ourdemands, for example on employees' language skills, are high,"commented Willem Jan van Vorstenbos, Managing Director ofSchneider Logistics in Europe, and added: "Of course we intendto offer employees the most varied training relating tolanguages, accounting and working with our special softwareapplications developed for processing invoices." Kappa Packaging opened a new plant for theproduction of packaging from backed corrugated board in theindustrial zone Olomouc - Holice today. The new plant into whichKappa invested over 11 million euro will create more than 50 newjobs. "The main factors behind the decision-making on theestablishment of the new plant were the following: location inthe heart of central Europe, know-how and skills of the originalemployees of the local plant Kappa Empack and - last but notlest - support of governmental organizations and representativesof local government," says Zden?k Suchitra, director of theKappa Packaging plant in Olomouc. The multinational company Head has decided tostart the manufacture of skiing shoes in Litovel, Olomoucregion. Head has acquired a factory in Litovel by reason ofquick production start. Head plans to invest 2 million euros andcreate 120 jobs in the first phase. Gerald Skrobanek, CEO Head Sport s.r.o. explained thereasons for this decision: "The advantage of the Czech Republicis mainly better logistics, but also higher labor productivity.Litovel offers an advantageous location and mainly experiencedworkers for our production technology. Mainly thanks to the verysuccessful operations in the Czech Republic, the top managementat Head decided not to move to the cheaper labor markets furtherto the East of Europe, but utilize the better infrastructure anderuditeness in the Czech Republic." Olomouc PropertyFigures Apartment Rentals in CZK per month (2004 3rd Q): (averagerange - exceptions can be found either way) Size /   CZK/month 1 + 1 (studio or bachelor) /   4 000 - 5500 2 + 1 (1 bedroom) /   5 000 - 7 000 3 + 1 (2 bedroom) /   6 000 - 9 000 4 + 1 (3 bedroom) /   6 000 - 10 000 House Sales in thousands of CZK per flat (2004 3rd Q): (average range - exceptions can be found either way) Size /   New Build /   Heritage Building 1 + 1 (studio or bachelor) /   650 - 950 /   500 - 700 2 + 1 (1 bedroom) /   800 - 1 200 /   700 - 900 3 + 1 (2 bedroom) /   1 300 - 2 500 /   900 - 1 700 4 + 1 (3 bedroom) /   1 800 - 3 000 /   1 200 - 2 100 Property Examples (common closing prices arecommonly 5 - 10% less than the asking price) 1 ½ bedroom (2.5 + 1) flat right in the middle ofthe old town section. Beautiful heritage building with view tothe square. New kitchen and kitchen cupboards. Hardwood flooringand tall ceilings. Asking price: 2 050 000 CZK 1 bedroom (2 + 1) completely reconstructed close to thecenter section of town. Completely reconstructed. 52 m2.Balcony. Asking price: 1 350 000 CZK 2 bedroom (3 + 1) newly built flat on the top floor of aheritage building in the historic center of Olomouc. 88 m2.Balcony. Asking price: 2 266 000 CZK As we've emphasized before, at Czech Point 101 we arenot going to over-inflate figures or try to sell you on hyped upfacts. Our goal is to inform you to make the best investmentdecisions possible. Recommended Reference Websites Olomouctourism website Olomouc city website The sources for this newsletter include the Olomouc city andCzechInvest....