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 27.10.2019 Last updated date: 26.2.2021