Doing business with the Czech Republic, 4th ed.

Book abstract:

This book begins by noting that the Czech Republic was one of the first of the old East European nations to evolve into a democratic government and market economy. This had the effect of attracting substantial inward investors and foreign trade since the early 1990s, and led to greater integration with the EU (European Union). Despite rapid modernisation though, the Czech government swiftly hit recession, with crises in banking and industry, and high unemployment towards the end of the decade, which led to increasing privatisation in the banking and industrial sectors. A complex reform programme, however, has ensured that the Czech economy has enjoyed considerable growth since 2000, with increasing investment from Western business interests. This book considers the role of business in the Czech Republic in all its complexity, range, and detail.

Comprised of five large parts, the book is then further separated into a numerous articles dealing with a range of topics. Part one, on the economy and business environments, looks, for example, at economic performance, outlook, foreign investment and foreign trade, and part two, on the legal structure and business regulation, looks at privatisation, agency agreements, employment law and dispute resolution. Part three, on finance, accountancy and taxation, covers financial services, business taxation, and mergers and acquisitions, among other issues, while part four deals with key sectors of industry and business, like metallurgy, oil and gas, the production of building materials and environmental legislation, as well as services such as transport and tourism. Part five provides case studies on Tesco in the Czech Republic and the Czech Technology Park, Brno.