1 the czech republic a commercial overview at beginning of 20th century area that is now was one economic powerhouses europe with manufacturing base rivaled neighboring germany and eighth highest per capital income in world two wars 40 decades soviet occupation held back growth during late 90s central location comparatively low cost skilled labor well packaged investment incentives induced many us japanese european firms to buy or build factories here region regaining much its might immediate aftermath union eu accession experiencing wages prices strength crown these factors combined an slowdown have led waves layoffs increased unemployment while country still very attractive high value added precision officials are shifting attracting tech industry service centers as supporting local small businesses entrepreneurs growing prosperity associated funding opportunities offer business
