The Czech Republic is a landlocked country in Central Europe and became a separate state in 1993 after Czechoslovakia split into two countries. The most important sectors of the Czech Republic’s economy in 2012 were industry (31.0 %), wholesale and retail trade, transport, accommodation and food services (19.5 %) and public administration, defence, education, human health and social work activities (15.3 %).
The Czech Republic’s main export partners are Germany, Slovakia and Poland while its main import partners are Germany, Poland and Slovakia.It can be seen from the data below that Satsafe® represents a very significant Internet of Things (IoT) business opportunity in Czech Republic’s focussed on security and safety applications.
Capital: Prague
Geographical size: 78 866.2 km²
Population: 10 505 445 (2012)
Population as % of total EU population: 2.1 % (2012)
GDP: € 152.926 billion (2012)
Official EU language(s): Czech
Political system: parliamentary republic
EU member country since: 1 May 2004
Seats in the European Parliament: 21
Currency: Czech koruna (CZK)
A world of opportunity:
We are currently seeking expressions of interest from International distributors for a range of Satsafe® branded safety and security applications including geobloc.
If you are interested in acquiring the Satsafe® Master License as a business opportunity in the Czech-Republic, please contact us outlining your experience.