The Economy Of The Czech Republic The government of the Czech Republic faced a political and financial crises in 1997 shattered their image as one of the most stable and prosperous post-Communist states. This somewhat new republic, despite the financial tribulation, has been able to reduce their inflation to 10 percent, formed a balanced budget, and hold unemployment down to only 3 percent, since their break away from the former Czechoslovak federation on January 1, 1993. The country’s gross …showed first 75 words of 1158 total…

…showed last 75 words of 1158 total…is the Czech National Bank, which is located in Prague. The new Czech Republic was also strong enough to maintain a stock exchange, which opened in January 1993 and is centralized in Prague. Bibliography Sources http://www.pbj.cz/ http://www.odci.gov/cia/publications/factbook/geos/ez.html#Econ http://www.immigration-usa.com/wfb/czech_republic_economy.html http://www.rferl.org/nca/features/1997/04/F.RU.970417153206.html http://www.emulateme.com/content/czechrepublic.htm#econ