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Czech Republic

Czech republic report

Inside this issue

• Long-standing structural problems with social security and taxation should be on the agenda for whichever party emerges from the election

• Demand for new office space in Prague is outstripping supply - -

Content

Political turmoil unsettles recovery

The Czech Republic is sluggishly emerging from its worst recession since it became a market economy two decades ago, but the downturn has revealed structural weaknesses that the country will have to address if its previously rapid rates of growth are to resume.

Worst of the storm appears to have passed

The disused railway yards in the Prague district of Bubny should have been one of the busiest building sites in the Czech capital, but there is no sign of workmen or cranes – a mark of the impact of the economic downturn on the Czech economy.

Anti-virus makers spring from an unexpected source

Just over two decades ago, a handful of Czechoslovak computer aficionados saw their first computer viruses, and saw a potential business in getting rid of the scourge of the new technological revolution

Power giant still looking to expand

Critics of CEZ point out that there is no better illustration of the Czech utility’s growing dominance of the country’s energy market than the sight of European Commission officials raiding its offices, carting away boxes of files and computers.

Signs of a revival are building

The financial crisis brought the Czech real estate market to a virtual standstill.

Interview: Zdenek Tuma, central bank governor

Jan Cienski talks to the governor of the Czech National Bank