by Yannick Lieber 12 years ago
409
TEAM - Czech Republic
The Czech Republic, positioned centrally in Europe, offers significant opportunities for foreign investment due to its strategic location, robust economy, and favorable business environment.
by Yannick Lieber 12 years ago
409
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SUMMARY
The Czech Republic is a European country located namely between Germany, Austria and Poland - its' capital and largest city is Prague.
The population of the nation is numbered at 10.5 million with Czech as the official language.
Kenan
- Inflation is lower then the World and European avergage.
- In 1991 inflation was at 36.19%! - Today it is -1.17.
- Compared to similar economies, property cost is 20% less.
- This means greater purchasing power and worth of funds invested.
Fan
- Adapting to the Czech market can be accomplished with ease.
- Culture, metality and lifestyle simliar to that of Western countries.
Yannick
- Equal and stable economy where all have disposible/discretionary income
- They're in a position to spend, therefore contributing to an ongoing stimulation of the economy.
-Top 10 country in the world with equal distribution of income. Gini index of ~26!
Kenan
- Similar to real estate, a contry's location is key. Czech Republic is located in the center of Europe (Germany, Poland, Austria, Slovakia)
- Part of the largest economy in the world
- Many international alliances
Fan
- Some of the strongest traits compared to other countires
- Foreign investment, trade policies and infrastractures are very well rated on an international scale
- It has the 15th best educational system in the world
Yannick
- The country's economic health is very solid and reliable, an essential aspect of investment
- Canada has a debt increase of 259% of GDP and UK at 466%, Czech Republic is at 41%
- Unaffected by the economic crises, 99% household debt is in the Czech currency and has a very stable and cautious banking system
Kenan
- Shares borders to the east with countries who are classed as having medium risk.
- If there were to be conlift in the neighboring nations, threats could potentially spill into the Czech Republic.
Fan
- Large protion of the population is aging.
- Unsustainable health care system, not enough funding.
- The health of an economy depends on the health of it's population.
Yannick
- Czech trades with other European countries.
- Can be a great oppurtunity, but also be a threat since the country is dependant on its' surrounding markets.
- If neighboring markets begin to suffer, they may cease business with the country.
Kenan
- Ideally located in Europe but is landlocked.
- Foreign trade is more diffucult due to the country's lack of direct access to seaside ports.
Fan
- Approximately 65% of the Czech Republic population uses computers and Internet.
- Low computer and Internet use limits the possiblities and use of technology.
Yannick
- Out of 182 countries, it is ranked at 57 with a score of 4.4 for corruption - middle of the scale.
- Can hamper economic growth.
Population: 10,562,214
Total GDP: $272.2 billion
GDP Per Cap: $25,900 million
Exports: $146.7 billion
Vehicles, Chemicals
Imports: $143.5 billion
Oil, Machinery
Main industries: Machinery (Skoda), Agriculture (Wheat, Potatoes)
