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Doing Business in the Czech Republic

In a nutshell, the Czech Republic is an open market economy with solid growth dynamics which does not suffer from excessive internal, external or financial imbalances. 

Central to economic development is foreign trade. The goods and services export ratio to GDP is at 80% and has been on the rise over the long term. Czech Republic’s key business partners include EU member states: Germany, Slovakia, Poland and France. 

The stable macroeconomic situation and the relatively low government debt have been reflected in positive ratingsStandard & Poor’s has given the Czech Republic’s long-term obligations in the local currency an ‘AA’ rating, Fitch Ratings an ‘A+’ rating and Moody’s an ‘A1’ rating. 

In 2016, Czech Republic was ranked 26 among 190 economies in the ease of doing business. Complete PDF version of the report carried by World Bank is attached below. 

In the recent years, the Czech economy has been expanding robustly, aided by strong domestic and external demand. Economic growth is projected to keep its pace in 2018 and 2019.  Analysis show that increasing wages and employment will keep household consumption growth high.

Main macroeconomic indicators are enclosed in the gallery below. 

Attachments

Doing Business in the Czech Republic 13 MB PDF (Adobe Acrobat document) Jul 25, 2018

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Doing Business in the Czech Republic general info