Prague is the capital and largest city of the Czech Republic. Its historical city centre is a UNESCO World Heritage site and it is one of the most widely visited cities in Europe. Prague represents a highly sophisticated and wealthy economic region. According to Eurostat statistics, Prague is the sixth wealthiest region in Europe. 12 institutions operate at university level in Prague.

Prague is the headquarters of the President of the Republic, the Government and the majority of State institutions. As a historical Bohemian metropolis, in the past it has served as the capital city of Czech Dukes and Kings, Holy Roman Emperors and the Republic of Czechoslovakia. Today, approximately 1.3 million residents live in Prague’s area of 496 km². Including its suburbs, Prague has approximately 2 million residents.

For those who believe in their abilities and are open to inspiration, Prague has always represented a city of opportunity. In the 14th century, the Holy Roman Emperor and Bohemian King Charles IV invited buyers from Italian Florence, who began to propagate the art of business in Bohemia. The Florentines, reputed for their superior commercial skills and cultural advancement, settled in the area of Prague approximately where Florentinum is located today. Given this historical fact, and in deference to this era, the connection between Florenc and Florence is reflected in the name of this project. In this manner, Penta has assumed a symbolic commitment to support and promote the true art of business.