Company growth in Czechia: nearly 10,0000 new firms established in 2024

In the first eight months of 2024, 9,496 new companies were established in Czechia, marking an increase of 854 compared to the same period in 2023. According to data from CRIF - Czech Credit Bureau, August alone saw 2,478 new firms, while 1,449 companies ceased operations. The fastest growth was observed in the energy sector, driven by interest in renewable energy. In contrast, the retail sector saw more company closures than new firms. The largest concentration of new companies was in Prague, followed by the Jihomoravský and Moravskoslezský regions.