Nearly 29,000 firms established in Czech Republic last year

In related news, over 22.800 new firms were founded in the Czech Republic last year, the highest number in the last three years, according to a study by the Bisnode consultancy released on Monday. The total number of companies increased by 7 percent and exceeded 391,000. Entrepreneurs invested over 25 billion crowns in new companies, 57 percent of which went to share-holder firms. The renewed interest in forming new firms was a sign the Czech economy was recovering, the consultancy firm said.