The richer Prague is, the greater decay it faces

Posted on 2008-Mar-26 at 06:49 - Post Comment

Prague is one of the three European capitals differentiating most from their surroundings.

Experts warn that cities with unrivalled economic and living standards are most threatened by poor public services, too expensive housing and poor quality transport.

According to Eurostat, Prague hotels differs  from its surroundings like London and Bratislava as far its economic output is concerned.

The Czech capital is 12th out of 270 European regions and other regions of the Czech Republic is still in the third century. It is not difficult to explain London's dominant position in the UK This global financial centre and world economic exploitation, it only brings extraordinary profits. In addition, London provides financial, legal and marketing services for the rest of the country. "London is the best for comparison Prague hotels," policy expert Dan Marek from Olomouc University confirms.

Prague revenues from being a contact point for foreign investors. Leading world banks, legal firms and all the media have their head quarters in Prague hotels. "For example, Skoda Mlade Boleslav has its main address in Prague where it also pays taxes," Marek says.

The difference between Prague hotels and its neighborhood keeps growing though. A Prague citizen's economic output is twice as great as the Czech average in the long run. Other regions range from 75 to 90 percent.

The difference between the output of regional economies rises each year. In 2001, a Prague citizen posted a production of CZK 475,000, i.e. by 259,000 more that the second most productive city, Plzen.