Sobotka: Consistent economic policy leads to growth

BELGRADE - Growth is conditioned by a consistent and predictable economic policy, currency stability, low inflation and optimal business environment, and this has made the Czech Republic one of the fastest growing economies in the European Union, Czech Prime Minister Bohuslav Sobotka said in an exclusive opinion piece for Tanjug ahead of the Third Meeting of Heads of Government of China and Central and Eastern European countries in Belgrade, which Tanjug publishes in full.

The Czech Republic is one of the fastest growing economies in the European Union. The Czech Republic´s economic policy is consistent and predictable and the central bank has maintained an extraordinary degree of currency stability and low inflation since 1991.

Under Czech law foreign and domestic entities are treated identically in all areas, from protection of property rights to attractive investment incentives. The country's investment grade ratings from international credit-rating agencies (S&P: AA-, Moody's: A1, Fitch: A+) and its early membership in the OECD testify to its strong economic fundamentals and attractiveness.

The Czech Republic is widely recognized for its optimal business environment.

This is a consequence of several factors, the most notable being the educated and highly qualified workforce, the ability of the country's intellectual capital to respond to the needs of knowledge-based and innovation-driven businesses and business-friendly regulatory environment.

With the ongoing reforms of the economy, the Czech Republic has been rising fast in the global competitiveness rankings.
According to this year's report of the World Economic Forum we moved in the Global Competitiveness Index rankings to the 37th place...