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Services for your success in Czech Republic
+420 296 348 207 Václavské náměstí 66, 110 00 Praha 1
Services for your success in Czech Republic
+420 296 348 207 Václavské náměstí 66, 110 00 Praha 1

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 cheap labour force compared to Germany
  • Average monthly salary in 2020 was about 1340 EUR
  • Continuous increase in private consumption and household purchasing power
  • Relatively high degree of economic integration with Germany
  • Despite this – great scope for closer economic cooperation
  • Gateway to further Central and Eastern European markets
  • Projects supported by the EU or the Czech state
  • Possibility of state investment support (in certain cases)
  • Good rail connections with Germany and all neighbouring countries
  • Worldwide direct flights via Prague Airport (connected with 5 German cities)
  • Motorway connection with Germany towards Munich (from Prague 4 hrs) and Berlin (3.5 hrs)
  • Motorway connection with Slovakia (Bratislava – Prague in 3 hrs.) and Hungary (Budapest – Prague in 6 hrs.)

Publication date Last updated date: 26.2.2021