The Czech Republic has recorded steady growth within, on the whole, a sound fiscal and monetary environment. As of mid-2001, growth is 4 per cent and inflation less than 5 per cent. The country has negotiated associate membership with the European Union and in 1998 began the lengthy process of negotiation that may allow it to achieve full membership between 2003 and 2005. Trade links with Austria and Germany in particular, and with the EU generally, have grown substantially. The Czech Republic has acquired membership of the IMF, World Bank and the European Bank for Reconstruction and Development.
Businessmen wear suits.
A knowledge of German is useful as English is not widely spoken among the older generation. Long business lunches are usual. Avoid visits during July and August as many businesses close for holidays. There are also facilities in many hotels throughout the country. Trade fairs are held in Brno.