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Czech Republic – Struggling to initiate more profound structural reforms

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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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