Czech Republic Business, Taxation and Offshore Information
The Czech Republic is a landlocked country in central Europe with an area of 78,900 sq km, positioned between Germany, Poland, Austria and Slovakia. The population is 10.2m and the capital city, Prague, is an important communications and tourist centre. The country enjoys a temperate climate.
The Czech Republic is not a religious nation: about a quarter of its citizens follow Roman Catholicism but the majority of people are either agnostic or atheist. The prevalent language is Czech.
The constitution provides for a two-tier legislative assembly. The Chamber of Deputies (or lower assembly) has 200 elected members. The upper chamber, or Senate, comprises 81 elected members. The President is elected for a five-year term and is the head of state. The President appoints the Prime Minister and the ministers of the government, who together form the Executive. The present President is Vaclav Klaus, who was re-elected in February 2008 and is required to leave his post on 7 March 2013 when his successor (elected in January 2013) will take up the post. More »