Business partner Czech Business partner Czech The Czech Republic short form in Czech: Èesko, IPA: is a landlocked country in Central Europe and a member state of the European Union. Fiscal deficit is becoming a problem, with the 2007 deficit estimate having been recently raised to 4.0% of GDP from 3.3% previously. The Czech economy gets a substantial income from tourism: in 2001, the total earnings from tourism reached 118.13 billion CZK, making up 5.5% of GNP and 9.3% of overall export earnings. Moves to complete banking, telecommunications, and energy privatisation will add to foreign investment, while intensified restructuring among large enterprises and banks and improvements in the financial sector should strengthen output growth.

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