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The Czech Republic, a land of rich scientific tradition, electricity and great industries



The CzechRepublic is a business opportunity with a market of + 10 million consumers. The country is part of the EU single market and the Schengen Area.
The Czech Republic primary exports to the European Union, especially Germany, and foreign investment, while domestic demand is reviving.
Most of the economy has been privatised, including the banks and telecommunications.
Monetary policy is conducted by the Czech National Bank; whose independence is guaranteed by the Constitution. The official currency is the Czech koruna.
In 2015 largest companies of the Czech Republic by revenue were automobile manufacturer Škoda Auto, utility company ČEZ Group, conglomerate Agrofert, energy trading company RWE Supply & Trading CZ and electronics manufacturer Foxconn CZ. Other Czech transportation companies include: Škoda Transportation (tramways, trolleybuses, metro), Tatra (the third oldest car maker in the world), Karosa (buses), Aero Vodochody (airplanes) and Jawa Moto (motorcycles).
Production of Czech electricity exceeds consumption by about 10 TWh per year, which are exported.

The Czech Republic is reducing its dependence on highly polluting low-grade brown coal as a source of energy.
Václav Havel Airport in Prague is the main international airport in the country. The Czech Republic has 46 airports with paved runways, six of which provide international air services in Brno, Karlovy Vary, Mošnov (near Ostrava), Pardubice, Prague and Kunovice (near Uherské Hradiště).
The Czech Republic ranks in the top 10 countries worldwide with the fastest average internet speed.
Two major antivirus companies, Avast and AVG, were founded in the Czech Republic.
The Czech lands have a long and rich scientific tradition. The research based on cooperation between universities, Academy of Sciences and specialised research centers brings new inventions and impulses in this area.

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