About Czech Republic...
The Czech Republic possesses a developed, high-income economy with a GDP per capita of 82% of the European Union average. One of the most stable and prosperous of the post-Communist states, the Czech Republic has seen a growth of over 6% annually in the last three years. Recent growth has been led by exports to the European Union, especially Germany and foreign investment, while domestic demand is reviving. Most of the economy has been privatised, including the banks and telecommunications. The current centre-right government plans to continue with privatisation, including the energy industry and the Prague airport. It has recently agreed to the sale of a 7% stake in the energy producer, CEZ Group, with the sale of the Budějovický Budvar brewery also mooted. The Czech Republic is part of the Schengen Area and the EU single market. The country is part of the Schengen Area, having abolished border controls, completely opening its borders with all of its neighbours, Germany, Austria, Poland and Slovakia, on 21 December 2007. The Czech Republic became a member of the World Trade Organisation. The last Czech government led by social democrats had expressed a desire to adopt the euro in 2010, but the current centre-right government suspended that plan in 2007. An exact date has not been set up, but the Finance Ministry described adoption by 2012 as realistic, if public finance reform passes. However, the most recent draft of the euro adoption plan omits giving any date.
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| Exports To Czech Republic Facts |
| Location: |
Central Europe |
| Coordinates: |
49 45 N, 15 30 E |
| Int. Dialing Code: |
00 420 |
| Currency: |
koruny (CZK) |
| Language: |
Czech |
| Area: |
78,867 sq km |
| Capital City: |
Prague |
| Population: |
10,201,707 (July 2010 est.) |
| Population Ranking: |
81 |
| Employment: |
90.7% |
| Inflation: |
1.6% (2010 est.) |
| GDP: |
$261.5 billion (2010 est.) |
| GDP Ranking: |
45 |
| GDP Growth: |
1.8% (2010 est.) |
| Internet Users: |
6.681 million (2009) |
| Television Stations: |
130 |
| Phone Lines: |
2.092 million (2009) |
| Mobile Phones: |
14.258 million (2009) |
| Major Industry: |
motor vehicles, metallurgy, machinery and equipment, glass, armaments |
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