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 domestic product (GDP) expanded in 1994 after

losses of nearly 20% during the first few years of the 1990's. The Czech Republic's GDP

is currently about $120.8 billion according to a 1999 estimate, and the GDP per capita is

The lands of the Czech Republic have always been a part of the most economically

modern areas within the European continent. The Communists, when they obtained

Czechoslovakia in 1948, created an economic system that was greatly centralized on the

government. Nearly all aspects of the Czech economy was controlled by the national

government. This government regulated economy also removed almost all external

influence by non-Communistic countries. Though the Czech economy held stro

have locations in the Czech Republic. The central bank is the Czech National Bank, which

economic standings through the Prague Business Journal at www.pbj.cz. The tourism

left behind would be incredibly hard to deal with for the new leaders of this new state.

supply. Gas and oil are supplied mainly by pipelines through Slovakia. In 1998 thermal

given, for a small government fee, coupons which could later be converted into stock in

Some common words found in the essay are:
Czech Republic, Eastern European, Western Europe, Pre-Communist Czechoslovakia, czech republic, Republic Czech, Trade Unions, Belgium Czechoslovakia, Republic's GDP, EU December, USSR Communist, bank reconstruction development, austria italy, trade unions, czech republic's, 40 percent, italy france, reconstruction development, western europe, czech republic gained, austria italy france, bank reconstruction, republic gained,
Approximate Word count = 1057
Approximate Pages = 4 (250 words per page double spaced)