The Czech Republic is a country in Central Europe. Its capital and largest city is Prague. The Czech Republic has been a member of the North Atlantic Treaty Organisation (NATO) since 1999 and of the European Union since 2004. The Czech Republic is considered one of the most dynamic countries in Central Europe, thanks to its advantageous geographical position, liberal regime for foreign capital, and highly skilled workforce.
• Ease of doing business ranking: 741 • Economic freedom ranking: 372
The Czech Republic was Singapore’s 61st largest trading partner in 2009 with total trade amounting to S$70.4 million3.