Czech Republic Business
• Main exports: Machinery and transport equipment, chemicals and raw materials.
• Main imports: Machinery and transport equipment, raw materials, fuels and chemicals.
• Main trade partners: Germany, Netherlands, Slovak Republic, Poland and Russia.
Economy
The Czech Republic's membership of the IMF, World Bank, the European Bank for Reconstruction and Development and, of course, the European Union, has given the economy a further boost, with the country strengthening trading relationships within the EU. No longer does it rely on trade with Russia - instead Germany is its biggest export and import partner.
The last five years have also seen significant foreign investment in the Czech Republic. As a result GDP has recorded healthy annual growth in recent years: 6.4% in 2006 and 6.6% in 2007. Unemployment stands at 4.7% (2008), and inflation 7.1% (2008).
Business Etiquette
Office hours: Mon-Fri 0800-1700.
Conferences & Conventions
Business Contacts
Freyova 27, 190 00 Prague 9, Czech Republic
Tel: 2966 46112.
Website: www.komora.cz
Trade Fairs Brno
Vystaviste 1, 647 00 Brno, Czech Republic
Tel: 5411 51111.
Website: www.bvv.cz
Prague Convention Bureau
Rytirska 26, 110 00 Prague 1, Czech Republic
Tel: 2242 35159.
Website: www.pragueconvention.cz
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