Mercator
From the CIA World Factbook:
The Czech Republic is one of the most stable and prosperous of the post-Communist states of Central and Eastern Europe. Growth in 2000-04 was supported by exports to the EU, primarily to Germany, and a strong recovery of foreign and domestic investment. Domestic demand is playing an ever more important role in underpinning growth as interest rates drop and the availability of credit cards and mortgages increases. Current account deficits of around 5% of GDP are beginning to decline as demand for Czech products in the European Union increases. Inflation is under control. Recent accession to the EU gives further impetus and direction to structural reform. In early 2004 the government passed increases in the Value Added Tax (VAT) and tightened eligibility for social benefits with the intention to bring the public finance gap down to 4% of GDP by 2006, but more difficult pension and healthcare reforms will have to wait until after the next elections. Privatization of the state-owned telecommunications firm Cesky Telecom is scheduled to take place in 2005. Intensified restructuring among large enterprises, improvements in the financial sector, and effective use of available EU funds should strengthen output growth.
The Czech republic is a prime example of the transformative force of the EU. Other east Euroepan countries are following. The only example even stronger than this one is the transformation of Turkey. Turkey wants to be a player in the European garden. For this, they even reinstated the Kurds as equal Turkish citizens. Te Kurds have been persecuted for ages. This enormous change happened without military intervention. The only thing it costs us is the price of solidarity. For making a more perfect and equal "network Europe", we are paying the price in the West of the Union. But we knwo that in the long term it's the only way possible. Americans prefer to keep their GDP high with all means. Just an observation.
The Czech Republic is one of the most stable and prosperous of the post-Communist states of Central and Eastern Europe. Growth in 2000-04 was supported by exports to the EU, primarily to Germany, and a strong recovery of foreign and domestic investment. Domestic demand is playing an ever more important role in underpinning growth as interest rates drop and the availability of credit cards and mortgages increases. Current account deficits of around 5% of GDP are beginning to decline as demand for Czech products in the European Union increases. Inflation is under control. Recent accession to the EU gives further impetus and direction to structural reform. In early 2004 the government passed increases in the Value Added Tax (VAT) and tightened eligibility for social benefits with the intention to bring the public finance gap down to 4% of GDP by 2006, but more difficult pension and healthcare reforms will have to wait until after the next elections. Privatization of the state-owned telecommunications firm Cesky Telecom is scheduled to take place in 2005. Intensified restructuring among large enterprises, improvements in the financial sector, and effective use of available EU funds should strengthen output growth.
The Czech republic is a prime example of the transformative force of the EU. Other east Euroepan countries are following. The only example even stronger than this one is the transformation of Turkey. Turkey wants to be a player in the European garden. For this, they even reinstated the Kurds as equal Turkish citizens. Te Kurds have been persecuted for ages. This enormous change happened without military intervention. The only thing it costs us is the price of solidarity. For making a more perfect and equal "network Europe", we are paying the price in the West of the Union. But we knwo that in the long term it's the only way possible. Americans prefer to keep their GDP high with all means. Just an observation.