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The small Moravian town of Litovel is home to the world’s largest hard cheese factory. Since 1996 when the Italian company Orrero set up its production there, its Gran Moravia cheese has been conquering markets in around the world. Today, the Litovel cheese plant produces around 6,000 tonnes of the parmesan-type cheese, a great majority of which is sold in Italy. In this edition of Marketplace, we talk to the owner of the Orrero company, Roberto Brazzale who says parmesan is not the right name for its flagship product.

The typical Czech dollar millionaire is a man in his late 40s who runs his own company, is concerned about corruption and doesn’t show off his wealth. He does not take big risks with his money which he mostly spends on himself and his family. These are some of the results of the J&T Bank’s Wealth Report for 2012, a new survey of multimillionaires in the Czech Republic and Slovakia. In this edition of Marketplace, we talk to one of the authors of the study, Jaroslav Cír from the research firm Perfect Crowd.

One of the Czech companies which successfully launched an operation in China is the machine tool producer TOS Varnsdorf. In 2006, the firm invested some 2.5 million euro to form a joint venture company TOS Kunming. In this edition of Marketplace, the firm’s financial director Stanislav Linc talks about doing business in China, hiring Chinese employees, and how the Czech government supports Czech businesses in that country.

A good deal of the ongoing economic and financial turmoil on world markets has been blamed on the unscrupulous practices of the international banking and financial sector. Islamic banking, on the other hand, is seen as a fairer and more balanced alternative which has been much less affected by the crisis. Can the Czech Republic benefit from a financial system based on the Islamic law? And can Islamic banking help boost Czech exports into Muslim countries? These are some of the issues debated at an international conference on Islamic banking held

The Czech Republic is becoming more popular with foreign tourists. The latest figures show that in the first three months of this year, almost 1.3 million tourists visited the country which represents a 13-percent increase compared to the same period last year. German tourists continue to top the list of foreign visitors, followed by Russians who are the fastest growing group. RP discussed the development with Rostislav Vondruška, the head of the state agency CzechTourism.

Over the last couple of years, art sales in the Czech Republic have seen a decline. But this year is different, and it’s not just the record sale of a František Kupka painting that did the trick. The market now attracts collectors who are ready to look beyond the well-established segment of modern art that has topped sales so far.

Czech lawmakers have been consistently criticized for being prone to lobbying, for instance when it comes to the regulation of gambling, roadside advertising and smoking in public spaces. As part of its efforts to clamp down on corruption, the Czech government is now working on a bill that should regulate lobbying. If approved, this law would define lobbying and require lobbyists to register. RP discussed the proposed legislation with James de Candole, a Prague-based consultant and lobbyist, who believes it will bring no significant

The Czech Republic spends around 430 million crowns a year on foreign aid, financing various development projects in Bosnia and Herzegovina, Ethiopia, Moldova, Mongolia and other countries. The government is increasingly trying to involve Czech firms and businesses in the process so that they find a foothold on local markets where they could continue doing business even after the government-sponsored projects finish. But Věra Venclíková, the head of the Czech Business Platform for Foreign Cooperation says that getting Czech firms interested is no

After years of growth, the real estate market in the Czech capital has seen a slow but steady decline, with decreasing prices and many more new listings having turned Prague property into a buyer’s market. One factor behind the change is waning interest from foreigners to invest into real estate in the Czech capital. However, some parts of Prague have become more attractive for Czechs and foreigners alike, while others remain popular primarily with foreign clients.

In this edition of Marketplace, we go to an actual outdoor market. We braved the cold Easter weather this past Saturday and visited one of the city’s popular farmers markets, on Prague’s Jiřího z Poděbrad square.