The Czech Republic has emerged as a safe haven for investors and the most popular country to do business in, a recent study shows.
The study by the OECD (Organisation for Economic Co-operation and Development) found that the Czech economy had grown at 6.6% in the first three months of 2018.
But it warned the country could be facing a sharp drop in the value of its currency.
Inflation is already running at more than 10% a year and the country is also facing a rise in unemployment, and it is not easy to find work in a country where many people do not have the qualifications to do so.
“It is very hard to get an offer in the Czechs,” said Andrei Kovacs, head of Czech business consultancy CZER.
“We are dealing with an extremely complex situation with the unemployment rate of about 40%, with the possibility of more,” he told the BBC.
“But it’s very good to have a safe place to do your business, in this case a country with high social and political support.”
He added that the country was well placed for the growth of its economy, given that it is a member of the European Union.
“The economy is expanding very fast.
That is the reason why we are not a country that is experiencing a significant crisis.
We have a stable economic situation and have good prospects of growth.”
What’s in a name?
Czech Republic’s new President Miloš Zeman was elected on a platform of tackling corruption and boosting the country’s reputation abroad.
He has promised to restore democracy and promote democracy in the country.
The new President is keen to boost Czech pride and boost the countrys image abroad.
“In this context, the Czech state is more stable, more democratic and more successful in terms of its governance and international relations,” said Kovacs.
“People are much more willing to trust us.”
The country is ranked fifth in the world in terms to invest globally, with $8.5bn invested in 2017, according to the research group IHS Global Insight.
“I think we are going to be a more globalised economy,” Kovacs said.
“Our economic growth is much more stable than other countries.”