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| Government Type |
parliamentary democracy |
| Legal System |
civil law system based on Austro-Hungarian codes; has not accepted compulsory ICJ jurisdiction; legal code modified to bring it in line with Organization on Security and Cooperation in Europe (OSCE) obligations and to expunge Marxist-Leninist legal theory |
| Currency |
Czech koruna (CZK) |
| Economic Overview |
One of the most stable and prosperous of the post-Communist states, the Czech Republic has been recovering from recession since mid-1999. Growth in 2000-02 was supported by exports to the EU, primarily to Germany, and a near doubling of foreign direct investment. Domestic demand is playing an ever more important role in underpinning growth as interest rates drop and the availability of credit cards and mortgages increases. High current account deficits - averaging around 5% of GDP in the last several years - could be a persistent problem. Inflation is under control. The EU put the Czech Republic just behind Poland and Hungary in preparations for accession, which will give further impetus and direction to structural reform. Moves to complete banking, telecommunications, and energy privatization will encourage additional foreign investment, while intensified restructuring among large enterprises and banks and improvements in the financial sector should strengthen output growth. |
| Natural Resources |
hard coal, soft coal, kaolin, clay, graphite, timber |
| Primary Industries |
metallurgy, machinery and equipment, motor vehicles, glass, armaments |
| Agricultural Products |
wheat, potatoes, sugar beets, hops, fruit; pigs, poultry |
| Import Commodities |
machinery and transport equipment 40%, intermediate manufactures 21%, raw materials and fuels 13%, chemicals 11% (2000) |
| Export Commodities |
machinery and transport equipment 44%, intermediate manufactures 25%, chemicals 7%, raw materials and fuel 7% (2000) |
| Export Partners |
Germany 35.4%, Slovakia 7.3%, UK 5.5%, Austria 5.3%, Poland 5.2%, (2001) |
| AIRPORTS of Czech Republic |
| Brno-Turany Airport |
International, Heliport, Brno 8km (4miles), Position 49°09´05"N, 016°42´01"E, Elevation 235m (770ft),13 Aircraft Stands |
Detals |
| Ostrava Int´l Airport |
International, Heliport, Ostrava 25km (15miles), Position 49°41´46"N, 018°06´39"E, Elevation 257m (843ft),14 Aircraft Stands |
Detals |
| PRAGUE RUZYNE AIRPORT |
The airport is located 20km (12 miles) north of the city |
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