IN INDUSTRY
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IN INDUSTRY
Prague ’ s economy is relatively diverse . Due to operation costs being lower in Prague than in other EU cities , several international companies have based their European headquarters in the city . According to Prague . com , one fifth of all investments made in the Czech Republic occur in Prague . Industrial production is one of Prague ’ s major economic pillars . Primarily , this is centred around aircraft and diesel engines , electronics , chemicals , food , printing , refined oil products , and cars . This
sector has a long history within the wider country . In Austrian-Hungarian time , almost 70 % of production was concentrated on Czech territory . Currently , 40 % of all working citizens in the Czech Republic , that is 1.4 million employees , work within the industrial sector .
Where the Czech Republic is already home to a historic influx of development , Prague is a hub of research and development ( R & D ). One fourth of all organisations undergoing R & D are based in Prague . The city accounted
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