Czech Republic under the microscope: in which areas can our neighbor score?

The fact that the relationship between the Federal Republic of Germany and the Czech Republic is very special was demonstrated again last November at the celebrations for the 30th anniversary of the fall of the Berlin Wall. In retrospect, the speech by the then Foreign Minister Hans-Dietrich Genscher on the balcony of the German embassy in Prague was a must, as he promised thousands of GDR citizens who had fled to the embassy grounds to leave for the West. It was the beginning of the end of the GDR and a historic event on the way to German unity. The behavior of the Prague government thirty years ago played a major role in this.

Czechoslovakia at that time took a different path than Germany: instead of growing larger, the country divided peacefully: in 1993 the Czech Republic and Slovakia emerged as independent states. The Czech Republic has been a member of the EU since 2004. It is only 280 kilometers from the Czech capital Prague to Berlin and about 250 kilometers to the Austrian metropolis Vienna. It is not only the geographical location in the middle of Europe and the cultural proximity to Germany that makes the Czech Republic interesting for many. Mathias von Hofen, author of our partner editorial office Smart Investor, comes to the conclusion that the Czech Republic can be an interesting destination for those wishing to emigrate.

In his article, published by wallstreet: online, Von Hofen explores the question of what makes our up-and-coming neighbors attractive and where economic and social development has stalled since the creation of the Czech Republic. Among other things, he looks at the educational system, the infrastructure and the influence of the church on the state. He also analyzes the political structure, takes a close look at the cost of living and looks at which industries are doing well in the Czech Republic – and which are not doing so well.

One of his conclusions is that foreigners with a qualified education have good employment opportunities in the Czech Republic, especially if they also have knowledge of Czech. It is an advantage for German job seekers that Germany is the most important trading partner in the Czech Republic with a share of 30 percent.

For the full article “Closeness connects: Czech Republic – a freedom-loving country strives upwards” on wallstreet: click here online.

Wallstreet: online partner editorial office Smart investor looks up 20 years of experience in stock exchange reporting back. The specialist journalists deliver exclusive background analysis and manage one Sample depot with well over 200 percent – Smart investor information secure and increase your assets.
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