19.06.2008
Czech Economy
Czech Economy
For several years now, the Czech Republic has been attracting the attention of investors the world over. The reasons for this are easy to see: a strong and growing economy, equitable and stable conditions, a qualified workforce and the low cost of doing business. Few other countries are currently able to offer a combination of such conditions. For that reason, the Czech Republic is showing consistent yearly growth of capital investments and a growing number of multinational, economically mature companies coming here to do business.
The Czech Republic has over the last two decades rapidly raised the country’s standard of living, developed its service sector and concentrated on implementing important economic reforms. The country has also laid the groundwork for its continued development, particularly within the European economy.
In the last 10 years, the Czech Republic has become to be a very attractive destination for many foreign investors. They value the country's steadily growing economy, protection of property and investment incentives. Suitable and safe conditions for doing business have existed in the Czech Republic for years and have made the country very attractive for investors. Business for sole proprietors and corporations has developed well. The stability and sustainable development of the country are promoted by the activities of both the government and non-profit organizations.
Science in Czech
Czech scientists achieved worldwide recognition for their discoveries and innovative approaches in many scientific disciplines. Czech laboratories have developed many practical inventions including a computer operated by the eye for the disabled, cutting edge medicines for the treatment of HIV, cancer and Hepatitis B as well as criminal identification based on an individual’s behavior. The discoveries of Czech scientists are not limited just to the modern day The first screw propeller was patented in 1826 by Josef Ressel. By 1829 this new method of propulsion was tested on a boat fitted with the technology. Prokop Diviš invented the first lightening rod, while physicist František Křižík patented the first arc lamps, among other inventions. In 1959 Jaroslav Heyrovsky won a Nobel Prize for his discovery of polarography. Chemist Otto Wichterle achieved renown for gel contact lenses, which are still used today. The Academy of Sciences of the Czech Republic provides a background to these extraordinary scientists
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19.06.2008
Czech Economy
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