Monday, June 18, 2007

Czech Translation Market Growing

by Lauren Nemec

I apologize for the shortage of posts this month. I've been vacationing in my hometown of San Antonio, Texas for the past few days (...and I have to say it.... GO SPURS GO!). But, it's back to work for the moment, and I am writing from our beautiful office in Chicago on Michigan Avenue.

We saw in the Common Sense Advisory's Ranking of Top 20 Translation Companies 2006 report that the demand for translation services is expected to grow at a rate of 15-20% over the next year. The Czech Republic seems to be right on target with that figure, if not surpassing it. According to the Prague Daily Monitor, the market for language services in the Czech Republic is growing- and some Czech translation service companies have even reported growth in excess of 20% over the past year.

Translatus, though incorporated in the United States, has its main operations office located in Prague. Like other translation companies based in the non-Euro region of Eastern Europe, Translatus benefits from reduced labor and overhead costs and experiences growth right along with the Czech economy.

Perhaps Central and Eastern Europe is the place to be for translation companies these days...

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2 Comments:

Anonymous Evan Norman said...

Lauren,
Are there any particular markets or industries that are especially significant in growing the market for language services in the Czech Republic--life sciences, financial or software, for instance?

--Evan

June 20, 2007 6:07 PM  
Blogger Lauren Nemec said...

Hi Evan,

Thanks for the message! Let's see if I can answer your question..

As for Translatus, we do not conduct a significant amount of business with Czech companies (translations from Czech) at the moment. However, we do a significant amount of translation work into Czech and other Eastern European languages as companies look to expand into the region.

As for specific industries, I would guess that the demand for translations from Czech would be increasing for consumer goods, machinery, chemical and automobile companies- primary Czech exports. And into Czech, I see it all across the board: telecommunications, consumer goods, health/medical, security, software, transportation, etc.

Thanks for reading!
Cheers,
Lauren

June 20, 2007 8:57 PM  

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