The Czech Republic is one of the most stable and prosperous of the post-Communist states of Central and Eastern Europe. The main industries include heavy and general machine building, iron and steel production, and metalworking.
Key exchange rates:
Interest rate: 1.5%
Current inflation: 3.6%
Inflation target: 3%
Tax rate: 19%
Major Czech owned companies:
Skoda is an automobile manufacturer in the Czech Republic. In 1991, Skoda became a part of the Volkswagen group, one of the world’s leading automobile manufacturers and the largest carmaker in Europe.
CEZ Group is a conglomerate of 96 companies. 72 of which are in the Czech Republic, which is involved in the generation, distribution and trade of electricity.
Czech National Bank The Czech National Bank is the central bank of the Czech Republic and the supervisor of the Czech financial market.
UniCredit Bank UniCredit Bank is a strong and efficient European bank with a dominant position in Central and Eastern Europe, offering a wide range of quality products to both corporate and private clients. It is one of the market’s strongest banks in the area of project, structured and syndicated corporate finance.
Grubner & Partners Law Office The Grubner & Partners Law Office provides its clients with complex legal services in all fields of business both within the Czech Republic and also abroad. The office specially focuses on provision of services in the field of commercial law, joint-ventures, mergers and acquisitions, establishment of trading companies, preparations for development projects, operations on the capital market, legal analysis, representation in court, state administration authorities and local authorities.
Kocián Šolc Balaštík Kocián Šolc Balaštík (KSB) is one of the largest law firms in the Czech Republic. Based in Prague and with over fifty lawyers and tax advisers, it is well placed to provide comprehensive legal and tax advice to domestic and foreign clients.
blue Q blue Q brings together the accounting expertise of a leading Czech-based accounting firm and the business understanding of a management consultancy.
Quarta S.R.O Quarta s. r. o. was founded in 1995 as an accounting company and specializes in accounting, payroll agenda, tax and economic consulting.Quarta s. r. o. has retained the ISO 9001 quality certificate of tax consulting and accounting since 2004 and is also registered in the European Register of Tax Advisors.
Eurochambres, the European Association of Chambers of Commerce and Industry, is one of the key representatives of business to the European institutions. It voices the interests of over 19 million member enterprises in 45 European countries through a network of 2000 regional and local Chambers represented by 45 national - and one transnational - organisations. More than 90% of these enterprises are small or medium enterprises, with chamber members employing over 120 million employees.
Eurochambres is the sole European body to serve the interests of every sector and size of European business - due to the multi-sectoral membership of Chambers - and the only one so close to business, as a result of the Chambers’ regional focus.