Key Figures

Chief of State:
President MiloŇ° Zeman
Head of Government:
Prime Minister Bohuslav Sobotka

Overview

Government Name:
Czech Republic
Constitution:
Adopted: 1992; Dictates the main powers of the executive, legislative, and judicial branches. Also detailed are the Supreme Control Office, the Czech National Bank, and Territorial Self-Government.
Government Type:
Parliamentary Democracy
Czech Republic Flag
Coat of Arms of Czech Republic

Index of Economic Freedom

Grades each country on a scale of 0 to 100, based on ten freedoms, with 100 representing the greatest amount of economic autonomy from government intervention. Source: Heritage Foundation (2018)

Country Risk Rating

A2
The political and economic situation is good. A basically stable and efficient business environment nonetheless leaves room for improvement. Corporate default probability is low on average. Source: Coface (2018)

Government Branches

Main Powers Election Process Election Cycle 1
Executive

The president is the head of state who has the power to appoint and recall the prime minister, sign enacted laws, negotiate and ratify international treaties, and be the commander in chief of the armed forces. The prime minister is the head of government, exercising supreme executive power, including the right to set the agenda for most foreign and domestic policy, mobilize the parliamentary majority, and choose governmental ministers.

The president is elected by majority vote through a two-round system. The prime minister is appointed by president.

5 years

Judicial

The supreme court is the highest court of appeals.

Supreme court judges are proposed by the chamber of deputies and appointed by the president.

Life appointment

Legislative

The parliament holds and passes bills, has the right to modify the constitution, ratifies international agreements, declares war, approves presence of foreign military forces in the Czech Republic, and dispatches of Czech military forces abroad.

The senate has 81 members elected by absolute majority vote in single-member constituencies. The chamber of deputies has 200 members elected through a flexible-list proportional representation system.

Senate: 6 years; Chamber of Deputies: 4 years

Regional Trade Blocs

International Organization Participation [2]

Environmental Agreements [3]

Tax Information [2]

Tax Authority:
Ministry of Finance
Tax Name:
VAT

Sources:

  1. ElectionGuide http://www.electionguide.org/
  2. EY, http://www.ey.com
  3. CIA World Factbook, https://www.cia.gov/library/publications/the-world-factbook/
  4. U.S. Bilateral Relations Fact Sheets http://www.state.gov/r/pa/ei/bgn/