The financial crisis has accelerated the movement of companies to locations in the Czech Republic due to the combination of lower costs and a highly skilled labour force, according to Remon Vos, CEO of Dutch commercial developer CTP Invest. On 19 October CTP will hand over a new 10,000 m[sup]2[/sup] office building in the Czech city of Brno to aerospace giant Honeywell International. CTP is also buying new land in the Czech town of Pohorelice just north of the Austrian border to expand its existing park there.
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