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Get to Know About Czech Republic
The Czech Republic broke away from the Republic of Czechoslovakia in 1993 and has since grown to become one of the most advanced countries in central Europe. The recent years have seen the number of people interested in doing business in the Czech Republic increase owing to its increased standards of living, more business opportunities, and high life expectancy. The country is known to have a rich history, beautiful cultural works, and an enviable number of tourist attractions.
Though a member state of the European Union since 2004, the official currency of the country is the Euro, though it is also an active member of several international organizations. The economy is anchored in the export of a social market, based on innovation, manufacturing, and services.
The notable drivers of the economy of this country include chemical production, ceramics, glass & textile, iron and steel production, machinery and automotive. This is not to forget that the country is usually a top destination for several millions of tourists each year.
The living standards in the country are relatively high compared to other European countries, and it maintains a high-income welfare state compared to any other country within the European Union.