Monday, May 17, 2010

Czech Republic, Prague Cost of Living April 2010

Country Full Name: Czech Republic.

Location: Czech Republic is in Central Europe, between Germany, Poland, Slovikia, and Austria.

Country Climate: Temperate; cool summers; cold, cloudy, humid winters.

Country 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.

Major Languages: Czech.

Major Religions: Christianity.

Country Population: 10.4 million (2008 est.) 10.4 million (2009 est.).

Country Economy: The economy of the Czech Republic is developed and industrialized. It is one of the most stable and prosperous of the post-Communist states of Central and Eastern Europe.

Currency: Czech Koruna (CZK).

Country Inflation: 6.3% (2008 est.) 1.0% (2009 est.).

City: Prague is the capital and largest city of the Czech Republic.

City Economy: Prague's economy is based on various industrial sectors. Prague's industrial sector is split into aircraft engines, diesel engines, refined oil products, electronics, chemicals, food, printing, automobiles etc. Also a significant proportion of research and development is based in Prague. Approximately one-fifth of all investment in the Czech Republic takes place in Prague city.
Cost of living: Prague has an overall cost of living index which equates it with high cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups. Prague is currently ranked 79 overall, most expensive place in the world for expatriates to live, out of 282 international locations.

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