the enterprise sector development in czech republic large enterprises and sme perspective lubomír lízal discussion paper no 2004 130 june po box 882 politick ch v?z?? 7 111 21 praha 1 http www cerge ei cz prague abstract this briefly describes historical of from establishment czechoslovakia over war period communism while focusing on changes during reform transition process it deals both with medium size companies as well entrepreneurial a special interest is paid to legal framework its effect conducting business lastly also gives brief overview bankruptcy procedures section natural complement main part that essence entry new firms or former state owned background although we can trace history certain back times austro hungarian empire current situation depend much more after world ii