• Where Rich History and Architecture Meets the Best Beer in Central Europe

    CZECH REPUBLIC

    Where Rich History and Architecture Meets the Best Beer in Central Europe

CZECH REPUBLIC ECONOMY CATCHING UP WITH THE WEST

The Gross Domestic Product of the Czech Republic last year reached 88 percent of the European Union average, shows a comparison of Eurostat. From the older Member States, we have overtaken Portugal and Greece before, two points close to Spain. The Czech Republic maintains its best position from the former Socialist bloc. However, the Czech Republic is significantly worse by the AIC indicator - actual individual consumption per person, which, according to a number of economists, better reflects the real material welfare of households.

The most important sectors of the Czech Republic’s economy in 2014 were industry (32.6 %), wholesale and retail trade, transport, accommodation and food services (17.9 %) and public administration, defence, education, human health and social work activities (14.9 %). The Czech Republic’s main export partners are Germany, Slovakia and Poland while its main import partners are Germany, Poland and Slovakia.

Apart from beer brewing (read also below), glass making has a long tradition in the Czech Republic as well. Several world famous companies are exporting beautiful glass products all over the world – Preciosa located in “Crystal Valley” produces most beautiful glass chandeliers that decorate large historical palaces, museums, opera houses and hotels or Moser glass characteristic for hand-making - hand blowing into moulds, hand shaping of products, hand cut, hand engraving, hand painting with gold or platinum, hand polishing to a high gloss. The automotive industry is very important for the Czech Republic and is one of the traditional drivers of the Czech economy.

The most important sectors of the Czech Republic’s economy in 2014 were industry (32.6 %), wholesale and retail trade, transport, accommodation and food services (17.9 %) and public administration, defence, education, human health and social work activities (14.9 %). The Czech Republic’s main export partners are Germany, Slovakia and Poland while its main import partners are Germany, Poland and Slovakia.

ON A ROUTE TO RECOVER FROM THE PAST REGIME

The Czech Republic, formerly known as Czechoslovakia, has always been a crossroads and birthplace of various ambitions and ideas. Formed into a common state after World War I, the Czechs, Moravians, and Slovaks remained united for almost 75 years.

From the Communist coup d'état (often simply the Czech coup) in February 1948 to the Velvet Revolution in 1989, Czechoslovakia was ruled by the Communist Party of Czechoslovakia. The country belonged to the Eastern Bloc and was a member of the Warsaw Pact and of Comecon. During the era of Communist Party rule, thousands of Czechoslovaks faced political persecution for various offences, such as trying to emigrate across the Iron Curtain. The 1993 Act on Lawlessness of the Communist Regime and on Resistance Against It determined that the communist government was illegal and that the Communist Party of Czechoslovakia was a criminal organization. As one of the consequences of the Velvet Revolution, in 1993, former Czechoslovakia split to form two separate states: Czech and Slovak Republics. Nowadays, two separate economies, one of which adopted EURO currency and second still using the Czech Crown represent great unique learning ground for any international students.

CZECHOSLOVAKIA TO CELEBRATE THE 100th ANNIVERSARY IN 2018

The year 2018 remains a breakthrough in the modern history of the Czech and Slovak people. On October 28, 1918, the sovereign state of Czechoslovakia was established when the nation declared independence from the Austro-Hungarian Empire following World War I. Despite a storied hundred years that featured occupation by Nazi Germany and the Soviet Union, and the separation of the Czech Republic and Slovakia in 1993, the date is still one of the most significant in both Czech and Slovak calendars. Read the 100 YEARS OF STORIES and get to know the two fascinating nations in the heart of Europe.. 

FAMOUS CZECH BRANDS

Škoda Auto has been making cars for more than a century, with the tradition going back to 1895 when Václav Klement and Václav Laurin founded their business in Mladá Boleslav. Nowadays, being a successful brand of Volkswagen Group, Škoda has maintained a strong position in the major European markets as well as on rapidly developing markets like China, India and Russia.

Otto Wichterle, though his name might not ring a bell for any ordinary person, may mean the world to those who have ever replaced their glasses, for Otto Wichterle is the inventor of the contact lens. Because of you Otto, the world is a much clearer and brighter place!

DID YOU KNOW, THAT?

Former Czechoslovakia was actually created in Pittsburgh, PA by the Pittsburgh Agreement which created the country after the dissolution of the Austro-Hungarian Empire after World War I.

CZECH REPUBLIC – STRONG BEER CULTURE

CZECH REPUBLIC – STRONG BEER CULTURE

Beer is considered a Czech symbol and in 2008 “Czech beer” was recognized as a product with Protected Geographical Indication. The Czech Republic is the #1 beer drinking country in the world (consuming on average 43 gallons -160 liters) per person, per year.

The annual production of nearly 20 million hectoliters places the Czech Republic 15th in the world (the biggest producer is the USA, followed by China and Germany). Every year, over 2 million hectoliters are exported from the Czech Republic - nearly 40% is exported to Germany, followed by export to Slovakia, Sweden, England and Russia. Exports are currently increasing to the Ukraine, Belgium and Finland as well. Nevertheless, you can encounter renowned Czech beer brands nearly anywhere in the world.

The original Budweiser can be found in the Czech Republic. Budweiser Bürgerbräu, or Budweiser Bier, was the original Bud, founded in the city of Budweis in 1785. In 1876, the U.S. company Anheuser-Busch borrowed the name for its now famous Budweiser. After that, in 1895, another brewery in Budweis, now the Budweiser Budvar Brewery, also started selling a beer called Budweiser. When the Czech companies began exporting their Buds to the US, it naturally sparked trademark disputes. Eventually, the courts allowed Anheuser-Busch to use the Budweiser name, both in North America and in Europe – while Budvar's Budweiser is sold in North America as Czechvar. Another Czech city of Pilsen is the home of Pilsner Urquell.

Oh, and the beer is really delicious and often cheaper than bottled water.

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