Czech Republic – full report

Magical. Glorious. Magnificent. Mystical. Where the past becomes real.
Few words can describe, and no images can do justice to this most beautiful of Central European countries.

Home of a thousand spires, the birthplace of the Velvet Revolution, famed for Kafka, Dvorak and Havel, and the source of the world’s finest beers.
Prepare to be engulfed not just in a Bohemian, but a Moravian rhapsody as well. This is the Czech Republic.

So much of Europe’s turbulent modern history revolves around this remarkable place. Today, having split peacefully from Slovakia in 1993, the Czech Republic has never been more luring for both tourists and investors.

A nation ready for business.
And home to an outspoken population confidently taking their place in a modern, united Europe.

For a country that’s only been around since 1993, the Czech Republic does an exceptional job of showcasing a rich and proud history while looking ahead into a prosperous and pan-European-focused future. This nation of over 10 million people is a success story within the European Union, and the continent’s most economically-progressive nation is also its most beautiful.

The Czech Republic joined the European Union in 2004 and is recognized as the optimal business environment from which to better serve international companies. Sustained enhancements to the business environment by the Czech Government and the ability of the country to harness its intellectual capital and natural resources to respond to the needs of the global economy have made this country Europe’s new powerhouse.

The days of a dull, bureaucratic communist nation are long gone. The Czech Republic is now a fully-fledged parliamentary democracy and one of the most economically-advanced members of the European Union.

An open investment climate has been a key element of the country’s economic transition. In terms of foreign direct investment per capita, the Czech Republic is the most successful of all the countries that were formerly under communist rule. The country’s investment grade ratings from international credit-rating agencies and its early membership in the OECD testify to its positive economic fundamentals.

According to the 2010-2011 Global Competitiveness Report published by the World Economic Forum, the Czech Republic ranks 36th among 139 world economies in competitiveness.

One of the main attractions of the Czech economy is its skilled and well-educated workforce available at a fraction of the cost of those of its Western neighbors. Over the past five years average annual wage has grown around 6% but it is coming from much lower base compared to Western Europe.

Accelerated growth is manifested in the economy. The country has an optimistic outlook for the future thanks in part to investment incentives and aid from the European Union or from other national sources. With their projects and subsequent expansions, American and global corporations are expressing nothing but appreciation for the potential of this dynamic nation.

Czech Railways is the main railway operator in the Czech Republic.

With almost 6,000 miles of tracks, the Czech Republic has one of the densest railway networks in Europe. Yet Czech Railways is not profitable, something that the current management plans to change.

Its cargo division, Czech Cargo, is the fifth largest railway cargo operator in the European Union. Czech Cargo offers transportation of a wide range of goods, from raw materials to products of high added-value.

The Czech Republic has emerged as one of the region’s most industrialized economies. Its strategic location, well- developed infrastructure, and skilled labor force has allowed this small nation to punch above its weight and become an important regional and international manufacturing hub.

The high quality of Czech products has made the country a premium exporter. Coupled with the burgeoning growth of Czech suppliers and the shift away from labour-cost-sensitive investments, the Czech export market is booming.

Before World War II, then-Czechoslovakia favored traditional export-oriented light industries such as food processing. The communist regime changed this, as the country focused on the production of heavy machinery, something that the Czech Republic has maintained a strong market share in.

The Czech Republic rests on some of the most fertile land in Europe. It is not surprising that the nation’s soil grows quality barley for its most beloved product: beer. The Czech Republic is also Europe’s leading exporter of cereals and oats.

Joining the European Union has been a blessing for the Czech Republic’s many exporters such as Prague-based Emco, which has benefitted from the nation’s startling optimism and support for small businesses.

Moravia, on the Eastern part of the Czech Republic. A region both strong and confident, and home to two of Moravia’s most important cities: Olomouc and Brno.

The noble city of Olomouc is probably Central Europe’s most underrated city. Thanks to its well-preserved Old Town, charming cobbled squares, Baroque fountains, and a young population, it is one of the Czech Republic’s best-kept secrets.

Olomouc was the capital of Moravia from 1187 to 1641. The municipality is aggressively pursuing both tourists and businesses to come and experience this endearing city, with its convenient location, ancient university and spiritual, cultural and craft traditions. It is also now opening up to various international companies through its business and industrial parks.

The capital of Moravia is Brno.
With a population of nearly 500,000, Brno is the Czech Republic’s second-largest city, one that puts an emphasis on commerce, logistics and education.

The city of Brno considers itself as not just the trade fairs capital of the Czech Republic, but of all of Central Europe, thanks to its unique exhibition centre.
The tradition of trade fairs in Brno is inseparable from the industrial development of the city into an industrial, scientific and logistics hub in the region.

The University Hospital Brno, established in 1998, consists of specialized centers for Adult Medicine, Reproductive Medicine, and Child Care. The University Hospital Brno is the only hospital in Brno and all of Moravia which provides patients with highly specialized care in all medical branches. Brno is also becoming a leading centre for healthcare and scientific research in the region.

What Moravia offers is individuality. While the Greater Moravian empire is now gone, its legacy lives on in the country’s present.

Prague. The cradle of Czech culture and Europe’s most beautiful city. Beguiling and charismatic in equal measure, it is truly a fairy-tale city.

Prague has architectural splendors that span thousands of years, and these gems have been meticulously renovated and restored. Not only is this evident in the city’s sights, but also in the many hotels that cater to the business and leisure traveler. These magnificent hotels will impress and imprint their legacy on any American guest. Prague is also at the forefront of a culinary renaissance, with Czech celebrity chefs like Zdenek Pohlreich reinventing traditional fare into fine cuisine. Prague is now Europe’s urban utopia.

Many Americans are now having a competitive global edge by choosing to study abroad, and what better place to do it than in the city that has inspired countless artists, scientists, and academia. Prague brings out the best in people, and has become a beacon of learning for the most ambitious students.

Commitment. Competence. And competitiveness. Three characteristics of a nation and a people that have nowhere else to go but up. The Czech Republic is leading Central Europe into a new, prosperous era, and Americans are welcomed with open arms.

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