Czech Republic

The Economy Of The Czech Republic The government of the Czech Republic faced a political and financial crises in 1997 shattered their image as one of the most stable and prosperous post-Communist states. This somewhat new republic, despite the financial tribulation, has been able to reduce their inflation to 10 percent, formed a balanced budget, and hold unemployment down to only 3 percent, since their break away from the former Czechoslovak federation on January 1, 1993. The country’s gross …

…is the Czech National Bank, which is located in Prague. The new Czech Republic was also strong enough to maintain a stock exchange, which opened in January 1993 and is centralized in Prague. Bibliography Sources http://www.pbj.cz/ http://www.odci.gov/cia/publications/factbook/geos/ez.html#Econ http://www.immigration-usa.com/wfb/czech_republic_economy.html http://www.rferl.org/nca/features/1997/04/F.RU.970417153206.html http://www.emulateme.com/content/czechrepublic.htm#econ