Business trip to Prague, Czech Republic.
A large part of Prague’s economy has undergone far-reaching transformation over the last 2 decades emerging as a successful market economy. Contributing one-fifth of all investment in Czech Republic and generating over 20 percent of National Gross Domestic Product, the capital attributes double the average of the whole country in per capita terms.
In addition to Czech businesses, Prague is becoming a site of European headquarters of many international companies. It’s importance as a financial and trade center has been endorsed since the establishment of Prague Stock Exchange and Exhibition Grounds and the city thus, keeps growing with influx of foreign investment.
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Many multinational corporations prefer the city to established their business practices as to manage business in Central, Eastern and South-Eastern Europe from here, therefore also making it any important trade destinations where lots of expositions and international trade events take place every year.
Where the service sector has been growing considerably, the percentage of manufacturing industries in the city area is decreasing since the last few years. In this sector, along with business services including finance, real estate markets, IT, and Advertising, services for individual i.e. the tourist industry also holds an exceptional position.
Nevertheless, the city is the biggest and most important industrial center in the country. Industries like printing, food, chemical and engineering constitutes the most important part of the sector, while a significant proportion of research and development is based in Prague too.
For more in-depth information I suggest you buy and read the "Global Business Etiquettes" book.

- Communication:
Use formal names and academic titles.
Czechs are not direct, they prefer subtlety to directness. They will go out of their way to protect your feelings.
Dress formal and conservative. - Meetings and negotiations:
When making appointments use the 24-hour clock time format to avoid misunderstandings.
Be very punctual, if you suspect you will late, call and explain the situation.
Never cancel a meeting at the last minute.
Remain standing until invited to sit down or others do so.
Some time is spent to getting to know you before the business conversation begins.
Agenda’s are not strictly followed and a meeting can take much longer then planned.
First appointments are more socially oriented, Czechs’s would like to know you a bit better at first before conduction business.
Czechs generally offer what they expect to get and will not often give counter-offers.
Keep your presentation as short as possible, to the point, accurate and precise, do not exaggerate.
Follow up a meeting with a letter with all agreements outlined. - Table manners:
If unsure on how to behave, mimic the behavior of others.
Wait until you are appointed a seat.
Avoid alcohol if possible, otherwise drink little.
If making a toast, stand up.
Put a napkin on your lap, eat not too much but finish your plate.
Keep your hands above the table when eating. Keep your elbows close to your body.
After finishing your plate lay your knife and fork parallel on your plate with the handles to the right. Your plate will be removed immediately.
Thank your host at the end of the meal.
The Czech Republic boasts one of the region’s most prosperous and industrialized economies. From January-June 2009 it held the EU Presidency and it has made economic growth, energy security and a reduction of trade barriers its key priorities for Europe.The country’s strategic location, well-developed infrastructure, and skilled labor force attracts strong flows of foreign direct investment (FDI).
Economic growth was 6% from 2005 till 2007, dropping to 4% in 2008. In 2009, the Czech Republic felt the impact of the global economic slowdown with growth dropping to 1-2% or possibly even fall into a recession due to a lack of export orders to Western Europe with the automotive sector particularly hit hard.
Economic growth is largely based on inflows of FDI and growth in exports. Foreign investment is boosting productivity, creating new jobs and raising wages and domestic consumption. In addition to new manufacturing facilities, a growing number of American companies are establishing R&D and shared-services support centers. The Czech Republic has become a major hub for automotive and electronics manufacturing in Central Europe. There is enormous competition from European companies which have close historical and economic ties to the market.
The Czech Republic’s economic transformation is not yet complete. The government still faces challenges such as the slow pace of legislative reforms and industrial restructuring, lax enforcement of IPR protection, making the public procurement process more transparent, and a growing shortage of highly skilled technical workers. In addition, the government’s reluctance to commit to a time table for conversion to the euro has many export-oriented businesses concerned. If unresolved, these conditionscan have an adverse effect on the business climate and competitiveness of the Czech Republic.
Some facts in a list:| Currency | CZK |
| Time zone | GMT +1 |
| Population | 10.220.911 |
| Area | 78.866 km² |
| Population density | 129,6 / km² |
| GDP | € 173.000.000.000 |
| GDP per capita | € 16.972 |
The airport in the Czech capital is 17 kilometers northwest of the center of Prague.
Address
Praha Ruzyne Airport
Letište Praha s.p.
160 08 Praha 6
Czech Republic
Telephone: +420(0)2 2011 3314/21
Fax: +420(0)2 3535 0922
Email: info@prg.aero
www.prg.aero
Airport codes
IATA airport code: PRG
ICAO airport code: LKPR
Lost property
For items left behind or lost in the public area of the airport, in the transit area or at the gate, you can contact Prague Airport Terminal Operations.
* Tel.: + 420 220 115 000
Terminal info
There are four terminals, of which the two most important are North 1 and North 2. The other, smaller terminals, South 1 and South 2 are used for irregular flights and for the arrival and departure of VIPs.
Connectivity from the airport
Bus
Several city buses leave the bus station to Prague, the most important are bus line 119 to the Dejvická metro station (metro line A) and the express line 100 to the Zlicín metro station (metro line B). Between midnight and 03:30, when the metro does not operate, there is a special night bus line 510 to Prague. A special Airport Express bus goes to the Holešovice metro station (metro line C). For all buses you must purchase an extra ‘half’ ticket for large baggage.
Taxi
Taxis are in front of the Arrivals Hall (tel: +420(0)2 2056 1788). Taxi drivers in Prague are notorious for asking high prices from tourists, a ride to the center of the city normally costs between CZK 500 and 700, make a clear agreement with the driver about the price before you get in!
You can also choose a mini bus from the company Cedaz (tel: +420(0)2 2491 9240), this goes every 30 minutes for Namesti Republiky and you only pay CZK 90.00.
Keep the following tips in mind if you need to order a taxi during your business trip to Prague.
Unfortunately for Prague, its taxi drivers have become a scar on its reputation. Fortunately for you, getting around Prague by public transportation is so easy and convenient that you may be able to simply forget about the existence of taxis.
| Company name | Phone number |
| Modry Andel | +420 737222333 |
| Petr Vencel | +420 606522770 |
| 123 Prague-Airport Transfer | +420 777885925 |
| edriver.cz - Prague Airport | +420 773118003 |
| Taxi Praha | +420 222111000 |
Francouzska Restaurant
Francouzska Restaurant is located in one of Europe’s finest Art Nouveau buildings, the stunning Municipal House. This most elegant establishment serves some of the best international cuisine in Prague.
Namesti republiky 5
Old Town, Prague 1
Czech Republic
Tel: 222 002 770
www.francouzskarestaurace.cz (Only in Czech)
Villa Richter
Villa Richter provides an unusual culinary experience to the true connoisseurs not only at the traditional Villa staterooms, that bring about a feeling of coziness and a an unobtrusive charm of the “old times” with wonderful views from our windows, but also in a unique greenhouse with a ceiling decoration showing a grapevine motif. If you are on a business trip to Prague, this is a great restaurant for entertaining your hosts.
Staré zámecké schody 6, č.p. 251
118 00 Praha 1 – Pražský hrad
257-219-079
www.villarichter.cz
TRITON Restaurant
As if you were in another world.
The stalactite cave in the heart of Prague, the resident geniuses from 1912, the originality of the original Art Nouveau interior, the tradition of top-class gastronomy and the classical story in the statues all around you...
Václavské nám. 26
110 00 Praha 1
Phone: +420.221 081 218
www.tritonrestaurant.com
Tips to save money on hotel costs during your business trip to Prague.
To get the best price for a good hotel room during your business trip to Prague it's not only important to compare the prices the hotel charges for a room, but also compare the prices of the different booking agencies.
This can save you, or your company, a lot of money!
- Go to this hotel listing for Prague.
- Select the "Check-in" and "Check-out" date.
- Select filters like: "Hotel brand", "Ratings", "Location" and "Price ranges".
- Select the hotel you like.
- You will get an overview of the prices from up to 24 booking sites
- Select the best offer in the list and book the room!
We have selected the following established business hotels for your convenience:
Hilton Prague Hotel
The Hilton Prague is the largest luxury hotel both in the Czech Republic and Central & Eastern Europe, providing a gracious welcome to business executives and leisure travelers alike. Well-appointed rooms, a diverse assortment of restaurants and state-of-the-art meeting facilities assure our guests of a pleasant, productive visit.
Pobrezni 1
186 00 Prague
Czech Republic
More info about Hilton Prague Hotel
Best Western Hotel Bila Labut
Guests staying at the newly renovated 4-star Best Western Hotel Bila Labut will experience peaceful, intimate accommodations and superior amenities to make each stay a comfortable one. Centrally located in the historic center of Prague, guests will have premier access to key cultural and business centers in this Czech Republic city.
Biskupska 9
Prague 1 11000 CZ
Phone: 420-224-811-382
More info about Best Western Hotel Bila Labut
Corinthia Hotel Prague
Only a short distance away from the city centre of Prague, this Corinthia Hotel is a landmark in itself, standing atop one of Prague’s seven hills and offering outstanding views of the capital city. Two ‘metro’ stops away from the city centre and a short driving distance from a main highway which is very convenient during a busy business trip, this is also a perfect destination for meetings, incentives, conferences and events.
Kongresová 1
140 69 Praha 4
Tel: (+420) 261 191 111
More info about Corinthia Towers Hotel Prague
Prague Fashion
On Na príkope, the main stream of Prague’s shopping district where you’re never far from a branch of the Italian fashion chain Bloom, there are at least 15 shoe stores. The designer boutiques, like Versace at the end of the avenue, are an haven of exclusivity. H&M has opened two stores in central Prague, on Na príkope and Jindrišská. There’s nothing else like Parizska Street in Prague: from Hermès to Dior, the five-block-long boutique-studded avenue is Prague’s own shopping paradise.
Czech fashion designers have claimed their own window for shopping in Prague and are gaining a following among Prague’s fashion followers. The small boutiques around Staromestské námestí are popular with stylists and shopping addicts.
Jewellery
Bohemian garnets belong to the best class in the world. Set in gold or silver, the deep red stones always look elegant and timeless. Antique garnet jewellery, with its darker stones and delicate art deco designs, can be found at almost any antique shop in Prague. The prices and selection at the factory-direct Cesky Gránat Turnov are some of the best in town.
Crystal, Glass and Porcelain
Prague is renowned for its fine Bohemian crystal, glass and porcelain. The art of glass-blowing has been practiced in Bohemia since the 14th century and Czech crystal is one of the national prides. Moser is the largest of crystal houses, but prices reflect this status as ’the glass of kings’. Many stores will pack and send your purchases free of charge to local hotels so you don’t have to carry breakables around with you.
Quest For Antiques
For antique shopping in Prague, look for signs that say “Starozitnosti”, and for antique books, “antikvariát”. The products wear a price, but you can make a polite counteroffer if you feel justified. Lace items, small paintings and art deco tea sets are widely available and not very expensive. The bazaar at the Palmovka metro stop is a treasure-hunter’s paradise, with an array of old and antique furniture.
If you have enough time for sightseeing during your business trip to Prague, I would recommended you to visit Petřín. The Petřín hill (formerly one of King Charles’ vineyards) offers beautiful views of Prague and several attractions for adults and children alike. The hill is easily recognizable by the TV tower that is a miniature of the Eiffel Tower in Paris. You can climb the tower for views and enjoy some other activities while up at Petřín.

Getting there on the funicular
The funicular that goes to the top of Petřín starts on Újezd street (you can get there by tram 6, 9, 12, 20, 22, or 23 and get off at Újezd) and can be an exciting activity for your children. The funicular operates daily from 9 a.m. to 11:30 p.m. (April - October) or 9 a.m. to 10:20 p.m. (November - March) and runs every 10 to 15 minutes. You will need a public transportation ticket, which you can buy right there if needed. Get off at the very top (it’s the second stop - the first one is halfway up the hill).

What to do on Petřín
You can climb the Petřín tower for beautiful views of Prague. It only takes four minutes to climb the stairs to the observation point.
The mirror maze (bludiště) is a fun diversion for children and adults alike thanks to the hall with distorting mirrors.
Leaving Petřín
When you’re done visiting the Petřín area, you can take the funicular back, but it is nicer and more interesting to follow one of the trails that lead to the Prague Castle or the Strahov Monastery (flat or downhill).
Make sure your health care insurance is sufficiently covered.
Maybe this is already covered in your regular health care insurance but often you will need to cover this with the travel insurance. Also a good travel insurance should cover the costs of travel for a relative in case of seriously illness or an accident.
The business trip travel insurance should also cover the costs of search, rescue and repatriation.
When you go on business trips on a regular basis, the easiest way to get insured is with an annual multi-trip insurance.
Keep in mind that you can also use this insurance for your pleasure trips so don`t forget to include to insure your leisure activities.
| General emergency number | 112 |
| Police | 158 |
| Ambulance | 155 |
| Fire | 150 |
| Municipal police | 156 |
When you need English speaking medical care you can contact:
Unicare 24 Hours Emergency Service
call: (+420) 608 10 30 50
Czech, along with Slovak, Polish, and the High and Low Sorbian, belongs to the western group of Slavic languages.
The writing system is a czech variant of the latin alphabet.
Although in business most people speak some English, some Czech phrases can always come in hand....






You can find this info also on billboards in the metro stations.