Czech Republic – Struggling to initiate more profound structural reforms


The economic activity in the Czech Republic has been picking up since 2002, deriving benefits from structural changes in the economy, a robust inflow of foreign direct investment and last but not least from the country’s entry to the EU. In 2005, the economic growth strengthened to 6%, which ranked the country among the top performers in the region. Even more importantly, the growth proved to be based on healthy foundations.

The economic activity in the Czech Republic has been picking up since 2002, deriving benefits from structural changes in the economy, a robust inflow of foreign direct investment and last but not least from the country’s entry to the EU. In 2005, the economic growth strengthened to 6%, which ranked the country among the top performers in the region. Even more importantly, the growth proved to be based on healthy foundations.

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