In related news, over 22.800 new firms were founded in the Czech Republic last year, the highest number in the last three years, according to a study by the Bisnode consultancy released on Monday. The total number of companies increased by 7 percent and exceeded 391,000. Entrepreneurs invested over 25 billion crowns in new companies, 57 percent of which went to share-holder firms. The renewed interest in forming new firms was a sign the Czech economy was recovering, the consultancy firm said.
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