CPI didn’t just announce it was beginning construction on Mayhouse, its new 7,700 sqm office building in Prague 4’s Pankrac district. It also came out that the company acquired two hotels: one in České Krumlov that undergo reconstruction to be turned into a 30-room, 4-star hotel. The other in Budapest, with 3,700 sqm of GLA and right next to the Starlight Hotel, which CPI already owns. The company is also set on beginning work on the reconstruction of the Zbrojovka complex in Brno, beginning with the demoliton of several buildings and the reconstruction and modernization of an existing building.
Sticking with Brno, there’s the usual push and pull over plans to build a Kaufland anchored Kaufland in the district-with-no-vowels: Bystrce. The investors wants to expand its original plans for the project, local elected officials are divided on whether to give the green light and residents are passing around a petition to block construction. Standard stuff.
Czech automobile manufacturers will produce a record 1.4 million cars this year, 50,000 more than last year. Škoda led the way with 795,000 cars built between January and November, followed by Hyundai with its 333,000. Having run out of labor, Škoda is having to import cars it makes in Russia to meet demand and scores of suppliers are turning down orders they can’t fulfill. Meanwhile, PM Andrej Babiš, who recently identified a lack of labor as the biggest threat to the economy, promised to tell Brussels the country won’t take even 40 migrants, no matter what the penalty.
