CITY FOCUS | PRAGUE
72 for 34.5 % of the Czech Republic ’ s intramural R & D spending in 2016 . Prague spends nearly three times the national average per inhabitant on R & D , according to Eurostat . Within the private sector , the city accounts for 65 % of all personal performing R & D shares . 683,000 people in Prague work at high-tech companies and almost 60 % of inhabitants between the ages of 30 and 34 have obtained post-secondary education . Prague is home to the biggest public university of economics in the country and places 35th on QS rankings for the Best Student Cities worldwide .
In the last decade , particularly , Prague ’ s private sector has grown phenomenally . The service industry in Prague is highly developed , with 75 % of all employed people in the city working within it . While business services have grown , including finances , IT , consulting and advertising , and real estate , tourism is at the heart of Prague ’ s expanding economy . Between hotels , restaurants , tours , travel agencies , and the
JANUARY 2020