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General data Czech Republic

Official name:Czech Republic (Česká republika)
Area:78 867 km2
Capital (and largest city):Prague
Population:10,1 Mio .
Literacy rate, adult total:99% (% of people ages 15 and above)
Currency:Czech koruna - 1 EUR = 24, 7733 CZK (as of September, 2011)
Boundaries:Austria, Germany, Poland, Slovakia
Main towns:
Membership:European Union, NATO, the OECD, the OSCE, the Council of Europe and the Visegrád Group
Natural resources:hard coal, soft coal, kaolin, clay, graphite, timber

Economic Profile Czech Republic

GDP:190,885 billion EUR (2010)
Average salary:1 069 EUR per month (2010)
Taxes:corporate tax 19%
GDP composition:
Top export products:
Top export partners:
Doing Business 2011:Rank: 63, Change in Rank: +19

Czech Republic’s macroeconomic development

Find out more information about Hungary’s macroeconomic development. Please download the PDF file Czech Republic’s macroeconomic development (PDF document 0.29 MB) and find more reasons why to invest in Czech Republic.

Why to invest in Czech Republic

Czech Republic

Česká Republika

Did you know… ?

…Charles University Prague was founded in 1347 as the first university of the Holy Roman Empire and in Central Europe. It is one of the oldest universities in Europe.

4 good reasons to

invest in Czech Republic

Well connected: The Czech Republic disposes of one of the most advanced transport networks in the CEE Region. Its geographic position makes it a natural crossroad for major transit corridors. Not surprisingly, the Czech Republic is also ranked among the world’s most advanced countries in terms of transport-network density.

In the centre: The Czech Republic is located very close to the “European Banana”. This geographic area is considered as the best choice for investments in transport and logistics because of its ideal location with regards to consumption and production zones. This, together with being an EU member, makes the country a perfect gateway to the single European market of 502 million consumers (2011).

Brainy people: The Czech Republic combines an outstanding level of general education with strong science and engineering disciplines. The Programme for International Student Assessment, coordinated by the OECD, ranked the Czech education system as the 15th best in the world, which is higher than the OECD average. Also, the Czech Republic has the highest human development in Central and Eastern Europe and according to UNDP the country ranks as a “Very High Human Development” nation. Technical education in Czech Republic has a long tradition and enjoys a strong reputation. About a third of Czech students study economics, finance or IT. According to a recent Euro barometer survey, 80% of Czechs speak a foreign language (predominantly English and German).

Good investment climate: The Czech Republic is slowly recovering from the global economic crisis by showing a steady GDP growth for the years 2009 and 2010, with an estimate 2% growth in 2011. The country has signed a number of bilateral treaties for the support and protection foreign investments and agreements for the avoidance of double taxation. Foreign legal entities from EU and other states can acquire real estate in Czech Republic without any restrictions and under the same conditions as Czech legal entities. Also, due to numerous investment incentives, the country ranks as one of the most successful countries in CEE in terms of attracting foreign direct investment, with FDI over 5 billion EUR in 2010.