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Economy

Economy in brief

  • The Czech lands have been one of the most industrially developed regions since the Austrian Empire era
  • The area of the Ore mountains (old mining towns) on the UNESCO Heritage site
  • Current global co-leaders in nanotechnologies, laser technology and optics, automotive, aerospace (light sport aircrafts), engineering (CNC machines, turbines), glass and crystal design, IT (game industry, cryptoindustry)
  • Czechia is popular to locate here the regional headquarters of multinational groups & regional co-leader for shared services centres
  • Inventions of the Czech origin:
    • polarography, blood groups, contact lenses, nanofibers, arc lamp, Kaplan’s turbine, snap, softgel capsules, sugar cube, elements of crypto ecosystem (the first mining pool in the world, the first café that accepts crypto only)
    • robots (in fact, brothers Josef and Karel Čapek invented the word “robot”)
    • Krteček (The Little Mole)

 

Interested in the Czech economy & industry?