Czech cities and regions will again attend MIPIM (FR)

The three biggest Czech cities Prague, Brno and Ostrava will open their exhibition stands in Cannes; after its successful debut at MIPIM last year, also the Moravian-Silesian Region will be present at this prestigious property and investment show and it will have the most extensive presentation out of the Czech regions.

On 6 March, the Palais des Festivals in Cannes, France, will open its doors for MIPIM 2012, the 23rd annual gathering of real estate professionals. The venue for the renowned property and investment market will attract major European and world investors, developers, banks and financial institutions, as well as cities and regions, along with real estate managers, lawyers and other experts in the property market. Last year saw an attendance of over 18,500 participants from 90 countries who presented their projects on an exhibition area of 17,500 m². Also this year, the Czech Republic has understandably decided to participate. MIPIM is always an opportunity especially for the Czech cities and regions which want to present themselves as attractive investment destinations. As every year, cities of Prague, Brno and Ostrava will have their own stands; out of the Czech regions, the Moravian-Silesian Region will have the most extensive presentation. The event also serves as a forum for presentation of multinational investors and developers whose co-exhibiting at the Czech cities´ and regions´ stands confirm the high quality of the Czech investment environment. The list of them includes e. g. CTP, Multi Development or RPG Real Estate.

As every year, MIPIM will have the rich accompanying program with more than 60 conferences and 250 speakers. Worth mentioning is e.g. the traditional summit of the majors and governors of world cities and regions to be held on Wednesday 7 March. The discussions will focus mainly on opportunities and prospects of development of urban infrastructure. As the event is always an indicator of global trends, it is envisaged that leading world economists will deliver their speeches on the prospects of global economy in the current difficult times and on the consequences for the real estate market. In his keynote speech on Thursday, March 8, Joschka Fischer, the former Minister of Foreign Affairs of Germany, will speak about the challenges of the European financial crisis that are so critical for the future of real estate. Great attention will be also devoted to the large sports events (Olympic Games, World Football Championships) and their impact on property market and urban development in particular cities and regions.

The panel discussion devoted to the Czech Republic is held by Reed Midem, the organizer of the fair, in the Agora conference hall, on 7th March at 4 pm. The Czech Republic remains, despite the current turbulence in the European economy, the dynamic hub of Central Europe. The country – not only thanks to its educated and skilled labor force – has great potential to become the centre of the Central European Region for projects connected with the development of promising sectors with higher added value such as innovation centers of science and research, biotechnology, biomedicine (so-called life-science) and information technology. The infrastructure of the country is developing rapidly to meet the needs of such projects. What are Czech cities and regions doing to help the development of such sectors and projects in the current challenging climate? What opportunities do they offer potential investors? - The representatives of the cities of Prague, Brno and Ostrava, together with Moravian–Silesian Region, are ready to discuss the potential of research and development centers in the Czech Republic, along with their influence on the growth of cities and regions. Among other projects, the International Clinical Research Centre (FNUSA – ICRC) and the Central European Institute of Technology (CEITEC) in Brno, Science & Technology Park in Ostrava a

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