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The '''Czech Republic''' (also '''Czechia''' since 2016<ref>http://unterm.un.org/UNTERM/Display/Record/UNHQ/NA/4275087d-4018-4082-899d-95f37efeda65</ref>) is a country in central [[Europe]]. Its capital is [[Prague]].  It was formed in 1993 from the western part of [[Czechoslovakia]].
 
The '''Czech Republic''' (also '''Czechia''' since 2016<ref>http://unterm.un.org/UNTERM/Display/Record/UNHQ/NA/4275087d-4018-4082-899d-95f37efeda65</ref>) is a country in central [[Europe]]. Its capital is [[Prague]].  It was formed in 1993 from the western part of [[Czechoslovakia]].
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The Czech Republic is a member of [[NATO]], joining in 1999 and the [[European Union]], joining in 2004. It has become one of the most stable former [[communist]] economies of eastern Europe, because the economy removed price controls, sold many of the publicly owned companies and kept strict fiscal policies to limit deficits.<ref>https://www.cia.gov/library/publications/the-world-factbook/geos/ez.html</ref>
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The Czech Republic is a member of [[NATO]], joining in 1999 and the [[European Union]], joining in 2004. It has become one of the most stable former [[communist]] economies of eastern Europe, because the economy removed price controls, sold many of the publicly owned companies and kept strict fiscal policies to limit deficits.<ref>https://www.cia.gov/library/publications/the-world-factbook/geos/ez.html</ref> By 2018, it had developed a strong economy due to its high-tech industry and low taxes.<ref>Williams, Thomas D. (June 30, 2018). [https://www.breitbart.com/london/2018/06/30/czech-republics-economic-boom-credited-high-tech-low-taxes/ Czech Republic’s Economic Boom Credited to High Tech, Low Taxes]. ''Breitbart News''. Retrieved June 30, 2018.</ref>
    
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