CR in EuropeThe influential intellectual heavyweight and former President, Vaclav Havel, may be the first person who springs to mind on mentioning the Czech Republic, while others may associate the country with legendary world class tennis players and the unparalleled success in ice hockey with the country winning five world championships over the last ten years.

The international business community’s perception of the Czech Republic, however, may slightly differ. Granted, the same attributes that influence the abovementioned perceptions, like commitment, competence and competitiveness, are prevalent, but manifest themselves differently.

 

 

Increasingly, the Czech Republic, which joined the European Union in 2004, is recognized as the optimal business environment from which to better serve international customers. This is a consequence of several factors the most notable being the sustained enhancements to the business environment by the Czech Government and the ability of the country’s pre-eminent natural resource, intellectual capital, to respond to the needs of knowledge-based and innovation-driven businesses.

Moving forward, the record flows of foreign direct investment, the European dominance in computer production, the complete automotive supply chain, the track record in supporting global ICT operations, the burgeoning growth of Czech suppliers and the shift away from labour-cost-sensitive investments to high value added activities and extensive R&D as integral parts of global networks, are all pillars sustaining the Czech Republic’s growth and underpinning international competitiveness. 


Key Information about the Czech Republic

logo Czech Republic
Area 78,864 km
Population 10.5 million
Labour force 5.7 million
Capital Prague
Language Czech
Currency Czech crown (CZK)
Time zone GMT +1, daylight saving time GMT +2

For more information visit the official website of the Czech Republic.

Attached files

Description Type Size Date

Fact Sheets

Complete Fact Sheets about the Czech Republic

8.9 MB 3 Mar. 2017

Fact Sheet: Basic Data on the Czech Republic

667.86 kB 10 Jan. 2017

Investment Climate in the Czech Republic

Brochure: basic data on the CR • investment climate • investment incentives • CzechInvests services etc

867.19 kB 25 Nov. 2016

Sector Databases

Czechlink