In the western world we don't really produce many pennants, but the Soviet Empire loved them, and, like pin badges, they remain an integral part of Eastern European popular culture.

I don't fully understand this particular pennant - but I would guess that it was produced by a sports club based in Havířov, a gritty new town built after the Second World War in the very east of the Czech Republic, a stone's throw from the border with Slovakia. Wikipedia, slightly snootily, notes that Havířov was built as a coal mining town, and that it is the largest town in the Czech Republic that does not have a university - you get the idea that the writer is not rushing to move there.

I would also guess that, for some reason, the sports club in Havířov was sponsored by Favorit, or was running an event sponsored by Favorit.

I have been told that:

• This pennant, with its glossy plastic look, probably dates from the early 1980s, possibly 1982.
• That the text on the flag is not in Czech, but in Slovak.
• That the 'new town' of Havířov has a bit of form for hosting cycle racing.

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• Publisher: Favorit
• Country: Czech Republic, Czechoslovakia at the time
• Date: 1982?
• Derailleur brands: Favorit
• Derailleurs: none