The Czech Republic, also known as Czechia, is a centrally located European country, bordered by Austria, Germany, Poland and Slovakia. Their capital and largest city is Prague and that’s where most financial institutions and overseas enterprises are based.
Business Claim to Fame
Over the last 20 years they’ve seen substantial growth in two particular industries - Pharmaceuticals and Information and Communication Technology (ICT) – driven mainly by international enterprises alongside home-grown SMEs.
Most Exciting Sector Opportunities
There are significant opportunities for UK companies to enter manufacturing supply chains, especially in the automotive and electronics sector. Plus, niche food and drink, as well as other consumer products from the UK, are very popular too.
Top Business Culture Tips
· Do not refer to Czechoslovakia (the country hasn’t existed since 1993!)
· Presentations should be simple, accurate and detailed and, if necessary, you should have charts and figures to back up your claims
· Maintain direct eye contact while speaking
· Be direct and clear in business meetings
· Punctuality is taken very seriously
· Business appointments should always be made in advance
· Remain standing until you are invited to sit down as there might be a seat reserved specifically for you
· Do not try to schedule meetings on Friday afternoon, as many Czechs leave for their country cottages after lunch
Thanks to our colleagues in the British Chamber of Commerce Czech Republic for these insights! https://www.britishchamber.cz/
