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Summary | Profile

Country profile: Czech Republic

Location: Central Europe, southeast of Germany
Climate: temperate; cool summers; cold, cloudy, humid winters
Terrain: Bohemia in the west consists of rolling plains, hills, and plateaus surrounded by low mountains; Moravia in the east consists of very hilly country
Size: 78866 sq. km total (Land area: 77276 sq. km  Water area: 1590
Population: 10,220,911 (July 2008 est.)
Languages: Czech 94.9%, Slovak 2%, other 2.3%, unidentified 0.8% (2001 census)
Government: parliamentary democracy
Capital city: Prague
Legal system: civil law system based on Austro-Hungarian codes; has not accepted compulsory ICJ jurisdiction; legal code modified to bring it in line with Organization on Security and Cooperation in Europe (OSCE) obligations and to expunge Marxist-Leninist legal theory
Currency: Czech koruna (CZK)

Country profile

Poland, the Czech Republic, the Slovak Republic (commonly referred to as Slovakia), and Hungary are members of the Visegrad Group, created in February 1991 at the northern Hungarian town of Visegrad. After World War II until 1989-1990, these countries were Communist states, as well as members of the Warsaw Pact. On January 1, 1993, the Czech and Slovak Republics, previously Czechoslovakia, split to form two separate states. During the past decade, the Visegrad group has made the transition to democracy and to market-based economies. On May 1, 2004, the Visegrad countries became members of the European Union (EU).

In 1999, Hungary, Poland, and the Czech Republic became the first former Warsaw Pact countries to join the North Atlantic Treaty Organization (NATO) . Slovakia joined NATO in 2004. The Czech Republic became a member of the Organization for Economic Co-operation and Development (OECD) in 1995, Hungary and Poland joined in 1996, and Slovakia in 2001. As members of the Visegrad Group, the four countries also belong to Central European Free Trade Agreement (CEFTA) . Slovenia , Romania , and Bulgaria are members too. The Visegrad countries are dependent on trade with the EU, in particular with Germany .

These four countries also continue to face economic restructuring challenges, including: modernizing large, and to a certain extent, antiquated agricultural sectors (especially in Poland); implementing more energy efficient processes for industry in order to decrease energy consumption; absorbing the costs from cleaning up heavily-polluting industries; and adapting industries and services to EU standards.

Energy production and consumption

Oil Gas
Production: 18,030 bbl/day (2005) 165 million cu m (2005 est.)
Consumption: 213,000 bbl/day (2005 est.) 9 million cu m (2005 est.)
Exports: 20,930 bbl/day (2004 est.) 81 million cu m (2005 est.)
Imports: 203,700 bbl/day (2004 est.) 8 billion cu m (2005 est.)
Reserves: 15 million bbl (1 January 2006 est.) 3 billion cu m (2005 est.)
Major fields:

Czech Republic - recent news

28 Aug 23
Czech Republic: CEPS buys RWE’s gas storage business in the Czech Republic
The state-owned operator of the electric power transmission system CEPS has agreed with German energy company RWE on the sale of its subsidiary RWE Gas Storage. RWE Gas Storage is the largest operator of gas storage facilities in the Czech Republic with six underground gas storage facilities. The agreed purchase price is €360 million.
09 Jul 23
Czech Republic: Wood to design Europe's largest high-purity manganese processing facility
Wood, a global consulting and engineering company, has been awarded a major award by Euro Manganese to deliver a unique mineral project critical to the energy transition. Wood will deliver front end engineering and design (FEED) and EPCm solutions for Europe’s largest proposed high-purity manganese processing facility as part of the Chvaletice Manganese Project, in the Czech Republic.

Czech Republic - more news

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