Information about the Czech Republic
- Czech Republic – Optimal location for your company
- Most developed market in Central Europe
- Direct geographical proximity to Germany
- Cultural and social proximity to Germany
- Political and economic stability and continuity
- Robust inflow of foreign investment
- Well-trained and still relatively cheap labour force compared to Germany or Austria
- Average monthly salary in 2023 was about 1750 EUR
- Continuous increase in private consumption and household purchasing power
- High degree of economic integration with Germany and the entire EU
- Gateway to other markets in Central and Eastern Europe
- Investment projects can be supported by the EU or the Czech state
- Possibility of state investment support (in certain cases)
- Good rail connections to Germany and all neighbouring countries
- Worldwide direct flights via Prague Airport
- Motorway connections with Germany to Munich (from Prague 4 hrs) and Berlin (3.5 hrs)
- Motorway connections to Slovakia (Bratislava – Prague in 3 hrs.) and Hungary (Budapest – Prague in 6 hrs.)
Publication date 27.10.2019 Last updated date: 19.7.2024
