Judicial branch: Supreme Court, chairman and deputy chairmen are appointed by the president for life; Constitutional Court, chairman and deputy chairmen are appointed by the president for life
Political parties and leaders: Assembly for the Republic or SPR-RSC
; Christian Democratic Union-Czechoslovak
People's Party or KDU-CSL ; Civic Democratic
Alliance or ODA ; Civic Democratic Party or
ODS ; Communist Party of Bohemia and Moravia
or KSCM ; Czech Social Democrats or
CSSD ; Democratic Union or DEU [Ratibor
MAJZLIK, chairman]; Freedom Union or US [Karel KUEHUL, acting
chairman]; Quad Coalition (includes KDU-CSL,
US, ODA, DEU)
Political pressure groups and leaders: "Thanks, Now Go"; Impulse 99;
Czech-Moravian Confederation of Trade Unions
International organization participation: Australia Group, BIS, CCC,
CE, CEI, CERN, EAPC, EBRD, ECE, EU (applicant), FAO, IAEA, IBRD, ICAO,
ICFTU, ICRM, IDA, IEA (observer), IFC, IFRCS, ILO, IMF, IMO, Inmarsat,
Intelsat, Interpol, IOC, IOM, ISO, ITU, NATO, NEA, NSG, OAS
(observer), OECD, OPCW, OSCE, PCA, PFP, UN, UNCTAD, UNESCO, UNIDO,
UNMIK, UNMOP, UNMOT, UNOMIG, UPU, WEU (associate), WFTU, WHO, WIPO,
WMO, WToO, WTrO, ZC
Diplomatic representation in the US: chief of mission: Ambassador Alexsandr VONDRA chancery: 3900 Spring of Freedom Street NW, Washington, DC 20008 telephone: (202) 363-6315 FAX: (202) 966-8540 consulate(s) general: Los Angeles and New York
Diplomatic representation from the US: chief of mission: Ambassador John SHATTUCK embassy: Trziste 15, 11801 Prague 1 mailing address: use embassy street address telephone: (2) 5753-0663 FAX: (2) 5753-0583
Flag description: two equal horizontal bands of white (top) and red with a blue isosceles triangle based on the hoist side (almost identical to the flag of the former Czechoslovakia)
@Czech Republic:Economy
Economy - overview: Political and financial crises in 1997 shattered the Czech Republic's image as one of the most stable and prosperous of post-Communist states. Delays in enterprise restructuring and failure to develop a well-functioning capital market played major roles in Czech economic troubles, which culminated in a currency crisis in May. The currency was forced out of its fluctuation band as investors worried that the current account deficit, which reached nearly 8% of GDP in 1996, would become unsustainable. After expending $3 billion in vain to support the currency, the central bank let it float. The growing current account imbalance reflected a surge in domestic demand and poor export performance, as wage increases outpaced productivity. The government was forced to introduce two austerity packages later in the spring which cut government spending by 2.5% of GDP. Growth dropped to 0.3% in 1997, -2.3% in 1998, and -0.5% in 1999. The basic transition problem continues to be too much direct and indirect government influence on the privatized economy. The government established a restructuring agency in 1999 and launched a revitalization program - to spur the sale of firms to foreign companies. Key priorities include accelerating legislative convergence with EU norms, restructuring enterprises, and privatizing banks and utilities. The economy, fueled by increased export growth and investment, is expected to recover in 2000.
GDP: purchasing power parity - $120.8 billion (1999 est.)