The beauty of Mariánské Lázně, a Czech spa town located in West Bohemia, is so exceptional that it has actually become something of a disadvantage. Among other things, it attracts foreign investors searching for places to invest their money. Their priority is often only the ownership of a building and they care for its condition. The...
Investment apartments have become the subject of a heated debate in Prague. The Czech Pirate party’s proposal to ascertain the number of vacant apartments in the capital by monitoring their electricity consumption and then levy a tax on such apartments raised a wave of protest, criticism and coalition conflicts at Prague City Hall. However, two...
Amonullo Hukumov, the former head of Tajik Railways, has told the media that neither he nor his wife own any real estate abroad. But records obtained by OCCRP show that his family has spent over $10.6 million on luxury real estate in two of the Czech Republic’s most popular tourist destinations. The hefty price tag...
At Heydar Aliyev Airport in Baku, you can always count on the business class checkin line at the Azerbaijan Airlines Prague flight being just as long as the one for economy class. That’s because Azerbaijan’s ruling clique have made the Czech Republic a favored destination in recent years. They have come not just as high-end...