“ Hyatt Hotels Corporation , Hard Rock Hotels , and Fairmont Hotels & Resorts have all announced plans to build their first properties in Prague in the next few years ”

Czech Republic overall . For the first time in history , the country ’ s GDP per capita overtook Spain ’ s . Its overall GDP is up 700 % since the 1990s , reports Radio Prague International . According to Helena Horská , Chief Economist at Raiffeisenbank , despite the cost of living and inflation , the purchasing power of Czech citizens has also grown two and a half times in the same time period . Prague itself has an extremely high employment rate . With an unemployment rate of only 1.3 %, the lowest reported rate across all EU regions in 2018 .

JANUARY 2020