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Brno wins prestigious competition of European cities
( 20 / September / 2004 )
The city of Brno has won the competition for European City of the Future 2004/2005 organized by the prestigious FDI magazine in the category of Visegrad group cities. It even beat out Prague and Budapest.
Brno’s terrific victory was due to a series of factors. Besides economic results, particularly economic growth and high GDP per capita, also playing a role was the city’s industrial tradition in all top fields (optics, electronics, precision engineering) and high economic and investment potential. The dynamic growth of technical universities places Brno among cities with the highest percentage of college students per person. The sufficient amount of qualified workers together with the well-prepared technology parks and industrial zones provides an excellent base for investments into R&D. The attractive conditions have translated positively into high quality investment projects that have been located here by global companies such as Honeywell International, IBM, LogicaCMG, Tyco International, Daikin Industries, IMI International, Danaher Motion and others.
Another Czech city to register success was Ostrava thanks to its low costs for business property rental.