Competitiveness / Business and Industry
This section feature research, opinion and progress reports on how the Czech Republic compares to other EU countries economically. It includes analysis of international rankings such as the WEF and World Bank.
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export.gov: Czech Republic - Business Customs
An attempt to accomplish business with a flurry of quick meetings and barrage of emails is more likely to result in failure. Czechs prefer to get to know someone, learn about the person’s background and firm, and then, if they are comfortable, get down to deal-making around the dessert course, or even at a follow-up meeting. Most Czechs want to build long-term, two-way business relationships and will be put off by too much emphasis on an immediate sale.
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The Czech Republic ranks 25th in the KPMG 2017 Readiness Index
The Czech Republic ranks 25th in the KPMG 2017 Readiness Index assessing 136 countries world-wide. The country's strengths are economic openness and inclusiveness of growth, among others.
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Czech Statistical Office: Real estate prices accelerate | KPMG Czech Republic: The gap between the prices of old and new housing in Prague is small compared with some other European cities
"The rapid rise in real estate prices is currently the most significant inflationary phenomenon, or in the last two to three years. The year-on-year increase in these prices reached 12.8% in the first quarter. This has put the Czech Republic to the top position among the EU countries," said chairwoman of the Czech Statistical Office (CSU) Iva Ritschelová. Average annual price growth of appartments in the EU was 4.5% in the first quarter.
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