The Czech Republic possesses a developed, high-income economy with a GDP per capita of around 80% of the European Union average. It is one of the most stable and prosperous of the post-Communist states. Its economic growth is lead by exports to the European Union, especially Germany, and foreign investment (KIA Motors, Panasonic, Volkswagen, Toyota) The economy grows at about 6% per year. The famous czech companies are CEZ (power industry), Skoda (automobil industry), Pilsner Urquell and Budweiser (breweries) and Skoda Plzen (machine-tool).
|koda Felicia (1960) - source|
The post-2004 EU membership years have been the period of economic boom for Czech Republic. GDP growth in the Czech Republic jumped from 1.5% to 4.6% in 2005. In 2006 and 2007, the economy grew by around 5 to 6%.
Pilsner Urquell, Czech beer - source