top of page
ESSP TRAVEL GUIDE
CZECH REPUBLIC
In Central Europe, is known for its ornate castles, native beers and long history
11748524_10206562250910804_159508763_n.jpg
IMG_8929.jpg
2L3A9913.jpg
11748524_10206562250910804_159508763_n.jpg
1/10
LIVING
TRAVEL
INVESTMENT
GDP
$325.285 Billion
GDP per capita
$39,895
GDP Growth Rate
Average of 0.59% (1996-2015)
DEBT Ratio
42.57% of GDP (2014)
When Joined EU
May 1, 2004
Government
Unitary Parliament, Constitutional Republic
CULTURAL BACKGROUND
Background
-
January 1, 1993 - Czechoslovakia dissolved into two independent states: Czech Republic and Slovakia
-
Strategic geographic position in Central Europe
-
Historical territories: Moravia, Bohemia and Czech Silesia
-
Communist history
Economics
-
provides incentives for FDI
-
low corporate tax 19%
-
FDI is 75% of GDP
Fun facts
-
world's heaviest consumers of beer
-
one of the highest density of castles
-
author Franz Kafka
INDUSTRY ANALYSIS
-
automobile manufacturer founded in 1895 as Laurin & Klement
-
became a subsidiary of Volkswagen in 2000
-
global sales reached 1.04 million cars in 2014 and had risen annually by 12.7%
-
significant player in Czech economy and culture
-
government owned corporation founded in 1895
-
one of the highest selling beers in Czech Republic
-
exports into more than 60 countries in all continents
-
significant player in Czech economy and culture
PERSONAL EXPERIENCE
" We expected to find remnants of the communist era within the present day culture of the Czech Republic. Thus, I was not surprised to have experienced a lack of customer service in restaurants and hotels. However, what I did not anticipate was the preservation of the country's rich culture extremely evident in Prague's architecture. Walking around the historic city centre is an experience I will definitely recommend to those who wish to discover European history and culture."
Pavla Tan
" The Charles Bridge was so beautiful and the view overlooking all of Prague from the Castle was amazing!"
Catherine Aiello
" Beware they charge for tap water and bread in almost every restaurant. Beer is cheaper than water!"
Jennifer Martinez Pinillo
" Cultural preservation is clearly important to country and the architecture in Prague was amongst the most beautiful and well kept I have ever seen."
Farhaan Dhrolia
bottom of page