EMCC European Monitoring Centre on Change



Geographic Location

Country: Czechia
Region: Stredocesky; Stredni Cechy


Sector: Retail
Wholesale and retail trade; repair of motor vehicles and motorcycles
47 - Retail trade, except of motor vehicles and motorcycles

Employment Effects

Announcement Date: 14-01-2005
Type of Restructuring: Business expansion
Foreseen End Date: 31-12-2006
Planned Job Creation: 430

Additional Information

Kika, a leading Austrian furniture and home accessories chain, is planning to open two Kika stores in Prague with a total investment of 50 million euros. The first department store is to be built this year and will employ about 230 people. The second one will create a further 200 jobs in 2006. According to experts, the Austrian furniture newcomer will be the biggest in the Czech Republic and enhance competition in the furniture market alongside Ikea and Sconto.