Czech Republic
The Czech Republic has a population of 10.2m people and is situated in the centre of Europe with borders to Poland, Austria, Germany and Slovakia. As a result, it is ideally positioned within the heart of the European Union ("EU"). The economy of the Czech Republic and its capital Prague has grown significantly in recent years, with its entry into the EU in May 2004 providing a catalyst to further economic expansion. Whilst the Czech Republic remains one of the most developed of the Central and Eastern European countries, its accession into the EU has brought with it both the advantages of the single regulated market and improvements in infrastructure through additional EU funding. This combination of location, an educated workforce and a growing economy, has stimulated high levels of domestic and foreign investment.
Economic Strengths
Skilled industrial labour force, Tourism, car manufacturing. Infrastructure improvements. Euro adoption expected around 2012. Manufacturing exports and strong FDI.
Economic Weaknesses
Rising food & energy prices. Ageing population & rising dependency ration. Skill shortages.
| Population | Capital city |
| 10,203,911 | Prague |
| Currency | World GNP Ranking |
| Czech Koruna | 42 |
| GNP per Capita ($) | Inflation |
| 24400 | 4.05% |
| Unemployment | Tourism visitors per year (thousands) |
| 6.6% | 96234.7 |
Source: Knight Frank Residential Research as at Dec 2007