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Welcome
to our Hotel Network!
Your non stop hotel reservation guide for Hotels in
Czech Republic. We
searched multiple suppliers for the best Room Rate available. Often
GDS (Global Distribution System) suppliers have different room rates, due
to the fact that they individually buy blocks of rooms from hotel chains.
Check
first our Last Minute &
Hot Deals where we put a Montly update of all known LAST MINUTES! of
all Hotel Reservation Suppliers. This to get & let you informed about
all known Discounted deals in Europe!!!
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After World
War II, Czechoslovakia fell within the Soviet sphere of influence. In 1968,
an invasion by Warsaw Pact troops ended the efforts of the country's leaders
to liberalize party rule and create "socialism with a human face."
Anti-Soviet demonstrations the following year ushered in a period of harsh
repression. With the collapse of Soviet authority in 1989, Czechoslovakia
regained its freedom through a peaceful "Velvet Revolution." On 1
January 1993, the country underwent a "velvet divorce" into its
two national components, the Czech Republic and Slovakia. Now a member of
NATO, the Czech Republic has moved toward integration in world markets, a
development that poses both opportunities and risks.
Basically
one of the most stable and prosperous of the post-Communist states, the
Czech Republic has been recovering from recession since mid-1999. Growth in
2000-01 was led by exports to the EU, especially Germany, and foreign
investment, while domestic demand is reviving. Uncomfortably high fiscal and
current account deficits could be future problems. Unemployment is gradually
declining as job creation continues in the rebounding economy; inflation is
up to 4.7% but still moderate. The EU put the Czech Republic just behind
Poland and Hungary in preparations for accession, which will give further
impetus and direction to structural reform. Moves to complete banking,
telecommunications, and energy privatization will add to foreign investment,
while intensified restructuring among large enterprises and banks and
improvements in the financial sector should strengthen output growth.
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