The Czech Republic has successfully transformed itself from a centrally planned to a market economy. Over 80 percent of Czech enterprise is already in private hands. Further reforms, involving the legal system and the business environment, are being implemented to complete this transition and to adapt to legal standards prevailing in the EU. Both Czech and international businesses are finding a wealth of opportunity to develop business in the region.
While the Czech Republic has over 10 million potential consumers, Czech businesses are increasingly taking the opportunity to reach the global consumer. A more open market brings new sources of capital investment and more scope for strategic partnerships.
