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Czech Republic
HOME >> COUNTRY REPORTS >> Czech Republic
czech-republic map
Official name Czech Republic
Capital  Prague
Population  10,474,600
Currency  Czech koruna(CZK)
Official language   Czech
GDP  $25,100

  STRENGTHS
  WEAKNESSES

Growth in the country's export has been attributed to the addition to the European Union and the member nations

The current balance of the nation’s debt has declined to 3.3% of the nations GDP

The Czech Republic is reducing its' dependency on low grade producing energy sources such as brown coal.

Low wages of the workers provide a competitive advantage over countries in Europe

One of the countries with the lowest average labor cost.

Czech banks have been demonstrated to be extremely stable in the face of this firestorm

The country has a low population of post secondary scholars

They lack enough technical engineers and have very little articulation in the exchange of intellectual capital between college universities and businesses.

The Parliamentary Democracy still have an uphill battle in regards to reconfiguring their industrial industry.

The Czech Republic has made an effort to make investment more attractive but they are still having problems with corruption.

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