Offically titled the Slovak Republic, the landlocked Slovakia is the second-smallest country in Eastern Europe, ahead of only Moldova. From the end of World War I until an amicable split known as the "Velvet Divorce" in 1993, Slovakia was half of the country of Czechoslovakia, with the Czech Republic making up the other half.
A high-income economy is defined by the World Bank as a country with a gross national income per capita of US$13,845 or more in 2022, calculated using the Atlas method. [1] While the term "high-income" is often used interchangeably with "First World" and " developed country ," the technical definitions of these terms differ.
In something of a coup for emerging Europe, the Czech Republic is named by the report as the country with the lowest inequality and at-risk-of-poverty rates in the EU and OECD, while its social spending as a share of GDP remains below the average and heavily focused on pensions. “The distributive effect of a relatively high average tax wedge
According to CZSO, the population of the Czech lands peaked in 1940 at 11.16 million, but by 1947 it had fallen to 8.76 million. While the population has grown since, it has never again been as
Following the Boston bombing in 2013, for example, the Czech Foreign Ministry had to issue a statement pointing out the suspect was not Czech. “The Czech Republic and Chechnya are two very different entities – the Czech Republic is a Central European country; Chechnya is a part of the Russian Federation,” the statement said.
The Czech Republic's economic growth slowed considerably following Russia’s war in Ukraine, reflecting disruptions in global value chains, significant increases in energy and other commodity prices, an erosion in real wages, and a necessary tightening in monetary policy. Growth is expected to pick up in 2024—led by consumption and fixed investment, as inflation fades and real income starts
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is czech republic a poor country