Subject (Course) - Foreign Trade and Business in the Czech Republic - Prague, Brno.
- Introduction to the Czech Republic (the European Union)
- Doing Business in Prague and Brno
- The Czech Economy
- The Czech Foreign Trade
- Foreign direct investment (FDI) in the Czech Republic
- Case Study: Skoda (automotive)
- Access to the Czech Market
- Business Plan for the Czech Republic
Objectives of the subject “Doing Business in the Czech Republic”:
- To analyse the Czech economy and Czech Foreign Trade
- To evaluate business opportunities in the Czech Market
- To analyse the trade relations of the Czech Republic with the student's country
- To know the Free trade agreements (FTA) of the Czech Republic as a member of the European Union
- To develop a business plan for the Czech Market
Subject Description - Foreign Trade and Business in the Czech Republic
The Czech Republic (Czechia)
- Population: 10.52 millions of people
- Borders: Germany, Austria, Slovakia and Poland
- Capital: Prague
- Official Language: Czech
- Area: 78,867 square kilometres
- Government: Parliamentary representative democracy
- In 1993, the former State of Czechoslovakia was divided into two new
countries, the Czech Republic and Slovakia.
- Religion: Catholicism (Christianity).
- The Czech Republic belongs to the Western Christian Civilisation
(European Economic Area)
The Czech Economy
- The Czech Republic is a highly developed economy
- Currency: Czech koruna
- The Czech Republic has significant mineral resources:
coal, mercury, iron and zinc.
- Main industries are machinery, metallurgy, chemical industry, automotive industry, glass and energy production.
- The Czech Republic ranks 31st in the competitiveness ranking of the World
- The Czech Republic is a member of the European Union since May 2004.
- The Czech Republic produces world class beer (Pilsner).
The Czech Foreign Trade
- The Czech Republic is highly exporting economy.
- Exports from the Czech Republic are mainly oriented towards the European
Union (86.3%). Czech manufacturers export primarily to Germany (37%).
- The Czech Republic exports 2.1% to other transition economies in Europe.
- 71.4% of Czech imports come from European Union (EU) countries.
- Most of the imports come from Germany (32.6%).
- The main trading partners are Germany, Slovakia, the Russian Federation, Italy, Austria and Poland.
- As a member of the European Union, the Czech Republic benefits from the Free trade agreements of the EU:
Chile, Mexico, South Korea,
MERCOSUR, Colombia, etc.
International economic relations of the Czech Republic
- International Chamber of Commerce
- Organisation for Economic Cooperation and Development (OECD)
- Central European Initiative (CEI)
- World Trade Organisation
- United Nations
- World Bank
- International Monetary Fund (IMF)
- Council of the Baltic Sea States
- European Investment Bank (EIB)
- European Bank for Reconstruction and Development
- Organisation for Security and Cooperation in Europe (OSCE)
- Asia-Europe Economic Meeting (ASEM)
- Regional Cooperation Council
- International Bank for Reconstruction and Development
- Group of States of the Council of Europe Convention against Corruption (GRECO)
- Economic Commission for Europe (UNECE)
Examples of the subject - Foreign Trade and Business in the Czech Republic: