Quick and with individual assistance.

Coupon Privatization and the Czech state today

One of the biggest steps of Klaus’s Cabinet was the so-called Coupon Privatization. It had to erase communist-performed collectivization of personal property. People were now given coupons. These were in fact shares in various Czech companies. Unfortunately, very few of the Czech citizens knew how to use this to their benefit. In fact, some of these shares were more, some less profitable. It resulted into a general wave of anger towards the Government. Not only did this regulation not serve its purpose. The new liberal economy gave space to profiteers and foreign companies, who bought the coupons cheaply and seized the Czech market.
Many problems have been left unsolved to this day. One of the most controversial questions is restitution of German property that had been confiscated after the German Transfer. On the other hand, Czech Republic went through a very successful integration process, it entered NATO in 1999 and became a part of the EU in 2004. Some Czech politicians, including Václav Klaus who became president in 2003, are very skeptical about the Union, but admit that it will bring foreign investments and help the economy.
The current ruling party is leftist Czech Social Democracy (ČSSD), which suffered many scandals, mostly because of corruption. Its leaders weren’t able to fulfill their promises and address the main problems, which are unemployment, ineffective social politics and relatively high taxes. Many political experts refer to this era as an age of growing political criminality. Still this doesn’t tarnish Prague’s reputation of a tourist miracle. All in all, Czech Republic is preparing to accept Euro in 2010, and is slowly progressing towards a serious position in the modern world.

Legend of Prague and the early Czech history
Great Moravia and the Byzantine influence
King Wenceslas and the Premysl dynasty
Charles IV and the 14th century Prague
The Hussites
Habsburgs and the Austrian Empire
Rudolph II and the renaissance Prague
Religious conflicts
Absolutist enlightenment
Prague National Revival
The fall of Habsburgs
Czechoslovakia
Second world war and the Czech holocaust
Russian liberation and Soviet regime
Prague Spring
Prague and the Velvet Revolution
Czech Republic after the Velvet divorce
Coupon Privatization and the Czech state today

 HOME   | GROUP REQUEST   | EASY REQUEST   | ABOUT US   | CONTACT

Prague hotels & Prague hotel search - Apartments, B&B and Hotels in Prague, sighseeingtours, city info.
Hotel Prag - sucht für Sie Hotel in Prag oder Pension und Ferienwohnung, Stadtrundfahrten, Hotels.
Hotel in Karlsbad - hilf Ihnen dem besten Karlsbad Hotel zu finden. Wellness, Erhlung, Kuren und Heilkuren.
Marienbad Hotel Suche - Wellness und Heilkuren, Marianske Lazne, Tschechien. Sonderangebote für Marienbad
Karlovy Vary hotely a apartmány - ubytování, léčebné pobyty, kůry a golf za příznivé ceny
Mariánské Lázně hotely - léčebné pobyty, golf, procedury, odpočinek, ubytování v Mariánských Lázních.
Карловы Вары отели, Карловы Вары апартаменты и пансионы
Praha hotely - hotely v Praze, ubytování, transfer, okružky, informace o Praze
Erzgebirge - Klinovec und Boži Dar in Erzgebirge. Hotel Suche - Winterurlaub Tschechien. Skifahren.
2005 Prague.st