Number of newly-established firms in Czech Republic falls 5.5% in 2011.

By bne IntelliNews January 18, 2012
The number of newly-established companies in the Czech Republic fell by 5.5% last year to 22,333, the lowest level in five years, CEKIA agency said in a report. In 2010, the number of start-ups increased by 3.4% y/y to 23,634. Some 53% of the companies that launched activities last year operate in the real estate, services, trade and construction sectors. The total number of companies registered in the country reached 357,701 at end-2011. Limited liability companies accounted for 93.1% of the total. The capital invested in the new companies reached CZK 37.23bn (EUR 1.5bn), of which CZK 28.9bn were invested in joint-stock companies and CZK 8.32bn in limited liabilities companies. One-fifth of the start-ups are foreign-owned.
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