For more than ten years after the "velvet revolution" (1989) the Czech Republic has achieved considerable economical successes. According to the data of the Ministry of Finance of the Czech Republic the growth of gross domestic product (GDP) only for the 2000 has reached 3,1 per cent. In 2001 this parameter should reach 3,7 per cent.

          Thus the GDP volume at the rate on one inhabitant of the country (as at 30.6.2001) has reached 190 750 CZK level. Till 2002 the last figure, according to the forecasts of the Czech analysts, in recalculation on one inhabitant of the Czech Republic will make the sum at amounte of 16 000 USD.
          As it is seen from the table of   macroeconomic indicators  , the economy of the Czech Republic is growing constantly. Only in 2000 rough GDP (in current prices) has reached the amount of 1959,5 billions CZK. Especially for the last period the characteristic features are the following:

• Active investment processes from abroad, the purpose of which is the acquisition of Czech enterprises and firms, production of which is potentially oriented on exports.

• Methodical acquisition of economical tools of the markets of the Czech Republic by foreign investors (banks, insurers etc.)

• Foreign investments to the trade infrastructure and services sector (building and renovation of supermarkets, storehouses, petrol stations etc.).

• Openness and transparency of managing, as one of the conditions of the introduction to EU.

          As a whole the economics of the Czech Republic for the indicated period became substantially market. It is seen from parameters of decline in the rate of inflation, increase of the wages and the incomes of the population, and from growth of unemployment.

          Private business in the Czech Republic, especially during last years, develops rapidly. Among the important factors of development is possible to call the openness of the markets (and especially in Europe) for private business; fast paces of federating of the Czech market in the world-wide markets system and severe competition of foreign firms.

          According to statistics the quantity of the entities, registered in the Czech Republic (as at 30.3.2001) makes 2 050 770 units. Total quantity of court-farms (as at 03.3.1991) makes 3 983 858 units. If in 1990 (i.e. before privatization) 97 per cent of GDP "were given" by state firms, already in 1996 90 per cent of it were made by private (non-state) sector.
          Business in the Czech Republic is regulated by a lot of legislative and statutory acts (Collection of Laws  ). The legal base of business in the Czech Republic is similar to world-wide one. First of all it concerns registration of the subjects of business activity, openings of the bank accounts, investment and protection of the investments.
          Business in the Czech Republic practically is not regulated. However, State business support program exists. Moreover, a number of state, quasi-state and intergovernmental structurs were derivated and actively act now, the main aim of which is the assistance of the Czech private business. Specially it concerns the assistance and promote to corporations, which can improve potentially export potential of the Czech Republic. Measures on support of the export potential of the Chech producers systematically implement at the state level.
          Such policy brings the outcomes. So, only in the 2000 external economical balance of the Czech Republic increased: imports by 30 per cent (or by 1247,2 billion CZK) and exports by 24 per cent (or by 1120,4 billion CZK). It is necessary to note, that among the main trade partners of the Czech Republic there are EU countries-members, and 60 per cent of an external trade turnovers of the Czech Republic fall on them.
          The producers of private business in the Czech Republic, with allowance of EU requirements and standards, and with allowance of mortal competition, permanently work on quality of production, goods and services. In 1998, about 41 per cent of the Czech corporations have received the certificate ISO 9000, and for 2000 this quantity had grown up by 77 per cent.
          For Czech enterprise market not only opennessis but also its good organization is characteristic. Each person can receive the basic information from the Trade Register about legal or natural person, who is engaged in business. On the other hand, practically everywhere in the Czech Republic are otganized and act the whole number of affiliations, associations, unions, guilds etc., on branch and on territorial tags. Influential and effective in the Czech Republic there are information and analytical chambers and chambers of commerce and industry.
          Special role in the Czech Republic plays: Chamber of commerce and its regional departments and also Czech Agrarian Chamber (CAC). So, the Chamber of commerce tenders to the local businessmen not only the information concering legislative - normative base of business in the Czech Republic, but also useful information on the countries and world markets, the foreign partners searching data bank, list of exhibitions, tenders etc.
           Chamber of commerce incorporates practically separate Chamber for Commercial Relations with the CIS (Confederation of Independent States countries). Information of above mentioned structures is possible to find in English, German, French and even in Japanese languages.
          Tax policy of the Czech Republic and taxation of business is open as much as possible and permanently adapts to the EU norms and standards. The tax information in the Czech Republic is completely transparent. There are a lot of institutes (including state ones), which grant tax information, tender consulting and other services. One of them is Chamber of the tax advisers of the Czech Republic. And though the taxes in the Czech Republic are a little bit higher than in Ukraine, clearness and knowledge of the rate, terms and order of their payment are ather better.
          The Czech Republic creates good conditions for the investors and businessmen from abroad. First of all this necessity is dictated by time, on the other hand-by the EU requirements. The whole network of European information Centers on to problems of european integration are built in the Czech Republic . The most famoust of them are: Euroskop, Euroservice, European-Czech forum and others.
          These centres offer a lot of EU programs and granеs for Czech business - structures.

          According to the data of the National Bank of the Czech Republic as at October 31,2001, 38 operational banking enteties are located on the territory of the Czech Republic. 30 foreign Banks have in Czechia their representations.
          The majority of banks belongs to to the foreign proprietors and international enteties.

          The total rate of authorized capitals of all operational banks of the Czech Republic (as at September,30, 2001 ) has reached 71,4 billion CZK.
          The Czech banks conduct active credit policy. As at September,30, 2001, the only categorized credits was issued for the sum of 243,3 billion CZK, that makes 28,1 per cent from all issued credits in general.
          As a whole the banking system of the Czech Republic, in the financial schedule, is strong enough. So, only net profit for 9 months of 2001 has reached:
     - Czech and Slovak Trade bank (CSOB) - 4 247 million CZK;
     - Commercial bank (Komercni banka) - 2 530 million CZK;
     - Czech savings bank (Ceska sporitelna) - 2 293 million CZK.
          In Czech Republic is established and acts Bank Association of Prague, members by which there are 43 banks and banking institutions.

          The investment climate in the Czech Republic is positive. This fact is confirmed by growing dynamics and volume of the foreign investments to the Czech Republic. According to the statistic data, only direct investments have compounded:
     - In 1996 - 33 774,8 million CZK;
     - In 1997 - 41 251,4 million CZK;
     - In 1998 - 81 947,5 million CZK;
     - In 1999 - 168 743,9 million CZK.

          Among the greatest investors to the Czech economics are the following countries: USA, Germany, Austria, Holland and Switzerland. The share of their investments makes more than 34 per cent from the total amount of the investments to the Czech Republic.
           The Czech Republic also is an active investor. For the beginning of 2000, the Czech investments abroad have reached the sum of 698 044 thousand USD. From this sum 401 724 thousand USD was invested only in countries of Europe (except EU countries ) .

          Free economic zones of business or special economic zones (abbreviated form FEZ), which are registered and act in the Czech Republic, have a little bit diverse specificity than, for example in Ukraine.

          By other words, the main privileges in FEZ are granted for firms and enterprises not by the way of smaller taxes, but by the way of grants and depend of job places provided by the firm or enterprise, which are registered in this zone.
          As a rule, grants are afforded to firms and enterprises in those locales of Czechia, where the unemployment is the highest. Rates of grants are from 80 000 up to 200 000 CZK on one working person depending on zone (A, B, C, D).
          According to the data of the Ministry of industry and trade, in the Czech Republic provide their activity more than 45 industrial zones. Under industrial zones were given 1 081,4 hectares of the areas and was financed for their development from the State budget (in the form of grants) 602 060 000 CZK in 1998-2000.
          Besides that a lot of Regional development programs on industrial, enterprise enteties are acting in the Czech Republic. One of them is so-called program NUTS-2 Northern West and Ostrava. The support of above-mentioned Program implements in the form of the state grants. Only in Ostrava and Northern West locales of the Czech Republic, within the framework of the Program, 974 and 758 new work places were organized. The operating of above-stated programs is prolonged.
          Alongside with above-mentioned programms there are a lot regional assistance programs for the economically backward areas and regions; the program TEST and SAPARD; regional assistance programs to small and middle sized business etc. Practically all these Programs are financed by the state. Coordination of this activity in the Czech Republic provide the Ministry of industry and trade and the Ministry of Regional development.
          Except direct state Programs there are programs which are financed, as pilot projects, by European Union. During this process the organizers create the legal persons, as a rule joint-stock companies, in the regions and areas which are doped. Example of such entity may be the joint-stock company Agency of regional development - Ostrava, joint-stock company free zone Pardubice etc.