Czech Republic

The Czech Republic is a landlocked country in Central Europe, bordered by Poland, Germany, Austria and Slovakia. It includes the historical territories of Bohemia, Moravia and a part of Silesia.

The Czech Republic became an independent state in 1993 after the peaceful dissolution of Czechoslovakia, sometimes known as the Velvet Revolution. The state system is a multi-party parliamentary representative democracy, with the Prime Minister as the head of government. The Parliament is bicameral, with the Chamber of Deputies (200 members) and the Senate (81 members). Political matters are handled by the President.

The Czech Republic has a long history of industries since the Austrian-Hungarian period. Due to this technical and natural science expertise it has attracted FDIs mainly from Germany, Japan, the US, Korea, China and other European countries. Currently, it is the most industrialized country in EU with 35% share of GDP (62.3% services, 2.7% agriculture). The largest industry is automotive, followed by machinery, electronics, ICT and aerospace. The country was the largest recipient of FDI inflows in Central Europe, ahead of Poland.
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