Contents

Foreword by Mr Alexandr Langer, Ambassador of the Czech Republic to the Republic of Estonia 6

Foreword by Mr Pavol Šepeľák, Ambassador of the Czech Republic to the Republic of Latvia 7

Foreword by Mr Radek Pech, Ambassador of the Czech Republic to the Republic of Lithuania 8

FOREWORD

Czech Exporters 9

Useful Information 12

Spas, Tourism, and Golf 14

ECONOMICS

Czech Economy in 2010 and 1st to 3rd Quarter of 2011 16

Czech-Estonian Trade and Economic Relations 19

Czech-Latvian Trade and Economic Relations 22

Czech-Lithuanian Trade and Economic Relations 25

Czech Highlights: Breakthrough Inventions 29

BUSINESS IN THE CZECH REPUBLIC

Support of Investments in 2011–CzechInvest 32

Comparison of Law in the Czech Republic and Baltic States 35

Steps towards Starting a Limited Liability Company 39

Rules Governing Business Activities of Foreign Persons in the CR 42

Tax System of the CR 45

INSTITUTIONS

Confederation of Industry of the Czech Republic 46

Czech Chamber of Commerce 46

Confederation of Employers’ and Entrepreneurs’ Associations of the Czech Republic 48

Czech Trade Promotion Agency/CzechTrade 48

CzechInvest – Investment and Business Development Agency 51

Czech Tourist Authority – CzechTourism 51

Czech Centres 52

Centre for Regional Development of the CR 52

CONTACTS

Useful Contacts in the Czech Republic 54

Useful Contacts in the Republic of Estonia 54

Useful Contacts in the Republic of Latvia 54

Useful Contacts in the Republic of Lithuania 54

The Most Important Websites 57