The ILO and Czechia

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    About the ILO in Czechia

    Amid a robust recovery from the pandemic, the economy faces risks due to supply chain disruption and energy inflation

    Czechia was among the first countries in Central and Eastern Europe to transform its political and economic system after the fall of the Iron Curtain. The country is considered as one of the most successful states in making the transition from a centrally planned economy to a social market economy. Since the early 1990s, growth has been strong, though volatile, driven by opening markets, inflows of foreign investment supported by a competitive industrial base, a favourable geographical location, and a skilled workforce. Continue reading